Private Equity Funds In Jersey - An Overview

INTRODUCTION

This briefing is intended to provide a general overview of some of the factors to be considered by promoters and onshore counsel looking at Jersey as a private equity fund domicile.

ONSHORE OR OFFSHORE?

Promoters and managers have found many advantages, quite apart from the tax-related ones, in choosing offshore over onshore jurisdictions for domiciling their investment funds offshore, including:

1. the ability to define investment strategies and objectives without restrictions imposed by onshore regulators in the name of consumer protection, and the consequent absence at the fund level of expensive reporting requirements to onshore regulators such as the SEC in the United States and the FSA in the United Kingdom;