A THOROUGH UNDERSTANDING OF PRIVATE EQUITY

RETOUR SOMMAIRE

A CACEIS PRODUCT DEVELOPMENT PUBLICATION - 2010

MAIN ACTORS AND STRUCTURES

Figure 32: NAV of private equity funds in Guernsey in £ million (2002-2008)

45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0

2008

2007

2005

2006

2004

2002

2003

Source: Guernsey Finance, 2009

The agency for development of the financial sector in Guernsey namely “Guernsey Finance” underlines the fact that the island boasts a pool of dedicated specialists in private equity funds: Experienced administrators as well as fund managers and custodians, accounting services, legal experts. Guernsey also boasts a reliable infrastructure: A pragmatic regulatory environment for pri- vate equity funds, fast track capability with the Qualifying Investor Funds (QIFs) – a self- certification regime targeting experienced investors-, a competitive tax environment and effective IT capabilities for both complex and simple private equity fund structures 43 . So far, Jersey has lagged behind its neighbour as a European offshore centre for private equity but it is catching up fast. The island offers a wide range of regulation including the very light touch expert funds and the new unregulated funds introduced in February 2008. 44

2.2

43 Source: GuernseyFinance, “Private equity funds in Guernsey”, 2009 44 Source: Privateequitywire, “Jersey attracts global fund administrators”, December 2008

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