Private Placement Fund - November 2015

Overview

One of the latest additions to Jersey's variety of investment vehicles available to arrangers of funds is the Private Placement Fund ("PPF"). This fund is designed for Professional and Sophisticated Investors worldwide, and the swift authorisation procedure under which consent can be obtained from the Jersey Financial Services Commission ("JFSC") as well as its cost effectiveness makes this option even more attractive. The PPF vehicle is used widely and is a flexible fund option. Before a fund can be classified as a PPF it has to satisfy a certain eligibility criteria, namely;

• It should be a closed-ended fund established or managed in Jersey (this means that the fund can be established outside of Jersey but managed in Jersey);