Published statistics from the latest edition of Monterey Insight's Guernsey Fund Report show that private equity and venture capital funds remain the most popular product of serviced funds, together topping asset allocations with $388.4 billion at the end of June 2021, followed by alternative investment, with asset allocations at $60.8 billion.
Private equity or venture capital funds are also the most popular by asset under management in respect of Guernsey domiciled funds, accounting for $307.2 billion (representing a 31% year-on-year increase), followed in second position by alternative investment funds with $50.2 billion (representing a 54% year-on-year increase).
The continued growth of these fund sectors in Guernsey is not surprising, as fund managers continue to favour jurisdictions such as Guernsey, which can provide real substance, a proportionate and robust regulatory regime tax neutrality and a first-class and well-established professional services industry – all while keeping pace with international standards for combating financial crime and promoting environmental, social and corporate governance and sustainability.
As a small, innovative jurisdiction, Guernsey provides a range of structured fund products that offer significant speed to market, making it a compelling proposition for fund managers.
For further information on this topic please contact Richard Doyle, Bryon Rees or Tim Clipstone at Ogier by telephone (+1 284 852 7300) or email ([email protected], [email protected] or [email protected]). The Ogier website can be accessed at www.ogier.com.
(1) For more information, please see the short guide about Guernsey's funds regime.