Fund Migration: Streamlining Your Approach

The introduction of the Limited Partnerships (Continuance) (Jersey) Regulations (the "Regulations") in July 2020 was welcomed by the island's funds community after making it significantly easier for fund managers to migrate limited partnership (LP) fund structures to Jersey. The Regulations come at a time when managers continue to evaluate their fund structuring options in light of an increasingly complex global funds environment and greater investor scrutiny as to the choice of jurisdiction.

The move will undoubtedly increase interest in the jurisdiction from alternative fund managers wanting to restructure their funds, aligning Jersey with the laws of other jurisdictions by formalising a continuance pathway for non-Jersey LPs wishing to continue into the jurisdiction. As a result, LPs will be able to migrate their fund structures seamlessly and more efficiently than before.