New figures show that in the second quarter of the year the value of private equity funds in Guernsey grew by nearly GBP 1bn (2.5%) to reach
New figures show that in the second quarter of the year the value of private equity funds in Guernsey grew by nearly GBP 1bn (2.5%) to reach GBP 36.2bn. This is despite the difficult market conditions that have seen amounts raised by private equity funds across Europe fall by some 10% this year.
It has also been announced that the management of Guernsey-based IPES – backed by private equity firm RJD Partners – is buying out the provider of dedicated private equity administration services for in excess of GBP20m.
In addition, another Guernsey-based private equity administrator, Augentius, has been celebrating 400% growth in assets under administration since a management buyout two years ago.
“These developments are yet further evidence that Guernsey continues to be a leading jurisdiction for private equity,” says Peter Niven, Chief Executive of Guernsey Finance.
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“Fund promoters and sponsors recognise that Guernsey’s experience in this asset class has helped build a broad industry with specialist expertise and including administrators providing bespoke IT solutions. They have also been attracted by the introduction of Qualifying Investor Funds (QIFs) – a self-certification regime targeting experienced investors – and the launch of our ‘fast track’ registered funds regime.
