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Growth in Jersey-registered fund managers choosing to market in Europe through private placement regime

20 February 2018

Growth in Jersey-registered fund managers choosing to market in Europe through private placement regime

According to the latest figures released by Jersey’s regulator, Jersey Financial Services Commission, there has been a 17% growth in Jersey-registered fund managers opting to market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD).

Over the same 12 month period from December 2016 until the end of 2017, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased by 15% year-on-year.

Reported by the Bailiwick Express yesterday, Geoff Cook, the CEO of Jersey Finance, commented on the increase: “We’re continuing to work together with the fund management communities both in and outside of the EU, so it’s pleasing to see such a strong uptake of Jersey’s tried-and-tested private placement regime. Five years on since AIFMD was introduced, it’s a route that is proven to work, providing alternative managers with a clear, effective and future-proof means of accessing EU investor capital.”

The release of these figures comes only a few weeks ahead of the 2018 Jersey Finance Annual London Funds Conference in April, where the use of private placement as a means of gaining access to EU capital in the context of Brexit will be discussed.

To read the report in full, visit the Bailiwick Express online

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