Jersey Private Equity Services 2011

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Articles

Nigel Strachan, Jersey Funds Association

Industry poised to capitalise on global profile

By Simon Gray - With a growing reputation as one of Europe’s key centres for the domicile and servicing of alternative investment vehicles, Jersey is starting to reap the benefits of its experience and expertise as the private equity industry at last shows some signs of recovery from the slump into which it was precipitated by the credit crunch, financial crisis and economic downturn, a series of setbacks that began more than four years ago and whose effects linger today. »


Jane Pearce, partner and group director, Ogier Fund Services

Building on a tried and trusted model

By Jane Pearce and Daniel Richards - By seeking to accompany the signing of any Tiea with a joint declaration with the onshore government in question, Jersey aims to obtain wider international recognition for its financial services industry and fund products. For example, in 2008 the German government stated that subject to the outcome of the IMF evaluation – which turned out to be highly positive – it would endeavour to ensure that Jersey should be treated as fairly and favourably as other third countries where EU directives include provisions regarding compliance with the union’s standards and access to its markets. »


Ben Robins, partner and head of the global funds practice at Mourant Ozannes

Opportunities for Jersey in the AIFMD era

By Ben Robins - After two or three slower years for private equity activity, especially new fund launches, the industry is regaining momentum with the launch of new fund vehicles, mostly by established players drawing on their existing investor base. While the level of business and size of funds is still well below the levels of 2006 and 2007, the 2011 environment is improved significantly over subsequent years, reflected in an uptick in deal activity. »


Andrew Weaver, Appleby

Market change brings opportunities and challenges to service providers

By Simon Gray - With a growing reputation for expert capability within a broad-based financial services framework, Jersey seems poised to sustain a growth trend in the private equity sector that has continued even through the more difficult environment of the past three years. That period has seen consolidation among alternative fund administrators, notably the acquisition two years ago of local market leader Mourant International Finance Administration by State Street, but also the establishment of niche firms specialising in private equity and property funds. »


Ashley Le Feuvre, senior manager in the funds and SPV group at Volaw Trust & Corporate Services

Focus on substance offers long-term advantage

By Ashley Le Feuvre and Kate Anderson - One of the principal characteristics at present of the private equity sector in Jersey is a much longer lead time for investment than a few years ago, which has slowed up the fundraising process. Clients are conducting much more thorough due diligence than in the past before taking investment decisions, and as a result there can be a long period between a promoter coming forward with an investment proposition and the structure actually being launched. »


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