Jersey Finance recently published their quarterly statistics for Q2 2021 (the period ending 30 June 2021). The statistics show that the value of regulated funds under administration in Jersey grew by 15% to £436.3 billion through Q1 and Q2 2021.
The statistics do not include the total for assets under management in qualifying segregated managed accounts (which totalled £1.3 billion). The total for assets under management attributed to Jersey private funds (the most popular structure for alternative assets) was £78 billion, which was a growth of 13% over Q2 2021.
A key driver for this growth was private equity; the asset class enjoyed growth of 24% during Q2 to stand at £203.6 billion. Private equity together with venture capital, hedge funds, real estate, infrastructure and debt funds account for 89% of the total funds serviced in Jersey.
The figures are encouraging in what has, so far, been another particularly busy year for Jersey's funds industry. It is no surprise that private equity continues to thrive as fund managers continue to favour jurisdictions, such as Jersey, which:
- provide real substance;
- are regulated in a proportionate manner; and
- keep pace with international standards for combating financial crime, and global initiatives such as:
- environmental, social and governance; and
- sustainability.
For further information on this topic please contact Emily Haithwaite, Niamh Lalor or Sophie Reguengo at Ogier by telephone (+44 1534 514 000) or email ([email protected], [email protected] or [email protected]). The Ogier website can be accessed at www.ogier.com.