Jersey Legal Ease: Why JPFs Are Thriving

There are four main reasons why the Jersey private fund structure has become an Island success story, says Tatiana Collins, senior counsel at law firm Walkers' Jersey investment funds and corporate practice group.

Launched five years ago, the Jersey Private Fund (JPF) substantially simplified the Jersey offering for funds products, resetting regulatory demands for fund managers who are not raising money from a large number of investors (i.e. fewer than 50 investors) and are targeting only sophisticated investors.

The reforms have been a huge success – more than 530 JPFs have now been registered since the introduction of the regime in April 2017, part of the island success story that has seen the net asset value of alternative investment funds reach US$555.7 billion in Q4 2021 (boosted by growth in private equity and venture capital of 27% over the previous 12 months).