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ARTICLE · 16 MARCH 2015

Managers Continue To Use Guernsey’s AIFMD Private Placement Regime

As a domicile for alternative and particularly private equity funds, Guernsey offers a variety of potential fund structures with differing levels of flexibility and regulatory requirements depending on the appropriate vehicle for a particular project.

GuernseyWealth Management

Figures from the Guernsey Financial Services Commission (GFSC) show that, as at 31 January 2015, 46 Guernsey Alternative Investment Fund Managers (AIFMs) have used Guernsey's National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe.

The figures, which solely reflect marketing into Europe by Guernsey AIFMs and do not include European Economic Area (EEA) AIFMs, reveal that the 46 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into force. The UK remains a key market for Guernsey managers with 56 AIFs being marketed there.

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