This article was originally published on 7 January
2008.
The value of private equity
funds in Guernsey rose by 9% in the third quarter of 2007.
Figures from the Guernsey
Financial Services Commission (GFSC) show that by the end of
September 2007 there were 226 such funds with a total value of
£28.4bn up £8bn (40%) in the first nine months of
2007 and 2.4bn (9%) during the third quarter alone in spite of
the credit crunch.
"These statistics are
particularly impressive given the economic climate during the
period. As such they illustrate how Guernseys vast private
equity experience and expertise is gaining ever-increasing
recognition from fund sponsors and promoters across the
world," said Peter Niven, Chief Executive of Guernsey
Finance the promotional agency for the Islands finance
industry.
