What A PIF Can Do For Me

Just over a year ago, the Guernsey Financial Services Commission (GFSC) announced the launch of the Private Investment Fund (PIF).

The smart and simple PIF recognises that certain investment funds are characterised by a relationship between management and investors that is closer than that of a typical agent. Where such a relationship exists, the PIF regime provides fund managers with greater flexibility and simplicity.

In the regime's first full year, the regime was used to launch multiple private equity funds, building on the island's expertise in alternative investments. A local managed futures fund became the first open-ended PIF when it converted to avail of the regime's unique features (link to flyer).