Managers
By Elliot Refson, Director of Funds, Jersey Finance – As global markets continue to grapple with extreme uncertainty, with the ongoing fallout of Covid-19 and the impact of Brexit becoming a reality, Jersey’s funds industry finds itself in a strong position – well prepared to support investors and guide them through unchartered waters in the short-term and with the right ingredients to help them achieve their long-term ambitions too.
Jersey finished 2019 in bullish mood, with total fund assets rising to a new record high last year of more than GBP345 billion, with private equity in particular performing strongly, rising by almost a fifth.
Interview with Simon Hopwood, Maples Group – The Covid-19 pandemic has caused a devastating impact on human life and health, and the global economy. As a consequence, the funds industry has faced unprecedented challenges, as it continues to navigate through unchartered waters.
Despite this, the Jersey funds industry has remained resilient with net assets under administration up 5.7 per cent(1) year on year standing at GBP361.7 billion(2) with alternative investment funds representing 87 per cent(3). Noticeably, private equity was up 19 per cent year on year(4) and managers using Jersey to market funds into the EU increased by 9 per cent
Ashley Le Feuvre (pictured), VG, considers the key trends currently driving growth and development within Jersey’s funds industry…
By A Paris – Jersey is capitalising on its future position outside of the EU to attract US fund managers to its shores. This is despite the potential uncertainty driven by the looming end of the Brexit transition period and the global pandemic.
“As the largest law firm in Jersey with the busiest investment funds practice, we have experienced a sharp increase in US managers seeking access to European Union or European Economic Area capital through the use of Jersey vehicles.
“This trend is also evidenced by assets under management for funds incorporated in Jersey with US managers or promoters having increased
EQT Ventures and Creandum have co-led a EUR1.5 million investment round into Kive, a company that enables creatives to collect visual assets in a library self-organising through machine-learning.
Shamrock Environmental (Shamrodk) a portfolio company of private equity firm CenterOak Partners (CenterOak), has acquired Virginia American Industries (VAI). VAI is a regional provider of non-hazardous wastewater treatment services, operating through Centralised Wastewater Treatment (CWT) facilities in Florida and Virginia under the Aqua Clean and Reco trade names, respectively. Terms of the transaction were not disclosed.
Shamrock, which was formed in 1994 and is headquartered in Browns Summit, North Carolina, provides mission-critical, non-hazardous wastewater treatment and related industrial services to customers in diverse end markets across the Southeast US. The Company is led by CEO and shareholder Greg Kiser,
Texthelp Ltd, a specialist in literacy and accessibility technology, has secured a significant investment from Five Arrows, the private equity arm of Rothschild & Co, as LDC, the private equity arm of Lloyds Banking Group exits. Five Arrows is investing in Texthelp through its European fund (Five Arrows Principal Investments) and its US fund (Five Arrows Capital Partners). Five Arrows targets investments in category-leading B2B data and software companies across healthcare, education, and other vertical end-markets.
Founded in 1996, Texthelp has established itself as the global pioneer and leader in cloud-based assistive technology and learning analytics for the education and corporate
Foresight Group (Foresight), an independent infrastructure and private equity investment manager, has invested GBP4 million into MR Machine Knives Limited (MRMK), providing equity release and growth capital to the business. The investment and Foresight’s involvement will support founder and Managing Director Michael Bailey in the continuing growth of the business, leveraging the outstanding reputation that MRMK has built up since its inception.
MRMK is a specialist manufacturer of machine knives based in Sheffield, a city world-renowned for its stainless steel production and industrial heritage. The Company supplies a diverse range of knives for the food production and packaging industries. The Company
Odyssey Investment Partners (Odyssey) is to acquire Protective Industrial Products Inc (PIP), a global supplier of personal protective equipment (PPE) and industrial safety products, from Audax Private Equity. Financial terms of the transaction have not been disclosed.
PIP, founded in 1984, offers a broad suite of the most recognised PPE products and brands across numerous segments, including hand & arm protection, protective clothing, head protection, eye & hearing protection, and other safety protection. Headquartered in Latham, New York, PIP has a diversified channel presence across distributors, retailers, and e-commerce platforms; the largest and most knowledgeable sales force in the industry; and
Periscope Equity (Periscope), a Chicago-based private equity firm focused on investing in technology-enabled services and software companies, has held the final closing of its second institutional fund, Periscope Equity II, with USD225 million of capital commitments. The Fund exceeded its target and was oversubscribed with the backing of an experienced group of limited partners, including university endowments, pension funds, charitable foundations, funds-of-funds and family offices. Periscope completed the fundraise of its inaugural fund in 2018 with $104 million of capital commitments.
“The durability and growth of our existing portfolio during the pandemic demonstrates the benefits of our consistent investment strategy,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
