Mourant Ozannes' leading investment funds team has
established the first five new Jersey Private Funds (JPF) since the
new regime came into effect last month.
Introduced by the Jersey Financial Services Commission, the new
JPF product has been designed to rationalise and consolidate
Jersey’s private fund regimes for funds offered to up to 50
professional investors.
Mourant Ozannes partner, Dan Birtwistle, said: "In a
buoyant fund raising market, the new JPF regime has quickly been
seized on by existing and new clients alike as an effective,
streamlined and proportionate product for privately offered
alternative investment funds. The speed and ease with which these
new launches were achieved all within 48 hours of applying to the
Commission - has really underlined their effectiveness and we are
expecting to see increasing demand for this product from clients
looking for a flexible and efficient fund structuring
solution."
