Explored: The Rise Of The Jersey Private Fund

What led to the rise of JPFs and why are they becoming increasingly popular?

The JPF provides a low-cost and streamlined solution with light-touch regulation, which suits many promoters' strategies of establishing fast, cost-effective funds to pool capital and invest in a number of assets. Whether launching their first fund or indeed a successor fund, the simplified application process and fast track 48-hour approval timeframe is widely appealing.

The previous private fund regime in Jersey comprised multiple products. The launch of the JPF in 2017, offered a simplified and streamlined solution, replacing the previous regime.

The JPF is highly flexible and can take the form of a limited partnership, company, protected cell company, incorporated cell company, LLP, SLP, ILP or unit trust. Furthermore, the reliance on the designated service provider is advantageous to promoters, as it alleviates the regulatory burden from themselves.