The number of Jersey Private Funds (JPFs) has climbed past 500, according to the latest quarterly statistics published by Jersey Finance. The September 2021 data shows that 502 have been registered since the regime was introduced in 2017, with a 38% increase over the past year alone.
It is easy to see why JPFs are in demand. The JPF has become synonymous with flexibility and speed to market. It therefore provides an ideal solution for managers across all alternative asset classes who are looking to launch products swiftly and efficiently to sophisticated, professional and high-net-worth investors. JPFs also cater well to co-investment and pooled private wealth investments, and are capable of being marketed under European and UK private placement regimes.
Elsewhere in the statistics, despite a small decrease in the number of regulated collective investment funds – from 757 to 754 – over the quarter, the aggregate net asset value of these funds has increased by 0.9%, to £440.1 billion. These figures exclude JPFs and qualifying segregated managed accounts, the latter accounting for a further £1.3 billion in assets under management. The largest single asset class is still venture capital and private equity, although the quarter has seen increases in the net asset value of funds pursuing real estate, hedge and other alternative strategies.
Jersey has rightly earned a reputation as a jurisdiction of stability, substance and compliance with international regulatory standards. The ongoing success of the JPF regime – and the number of managers either launching first-time funds through Jersey or establishing a presence there – shows that Jersey is also a pragmatic and business-friendly island, and it is likely that these trends will continue during 2022.
For further information on this topic please contact Matt McManus, Emily Haithwaite, Niamh Lalor or Sophie Reguengo at Ogier by telephone (+44 1534 514 000) or email ([email protected], [email protected], [email protected] or [email protected]). The Ogier website can be accessed at www.ogier.com.