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A handful of jurisdictions continue to dominate the market for fund domiciles. Simon Watkins asks whether rivals can ever take their crowns.
More non-EU alternative investment fund managers are choosing Jersey private placements rather than access EU investors via AIFMD passports.
Experts predict more private equity managers will use the new ILP structure to access European investors.
The firm is backing new legislation, which it will soon pilot, that combines the most attractive aspects of the regulatory frameworks from various states; and it wants industry input to help it make it a success.
Managers with funds in the EU and Cayman are facing challenges, the report also says.
The Jersey Private Funds (JPF) regime boasted 365 registered funds by the end of the third quarter 2020, a 37% year-on-year growth, according to the Jersey Financial Services Commission.
The jurisdiction has set out to expand its private investment fund regime with two new proposed routes for managers looking to establish vehicles there.
Private debt funds domiciled in Luxembourg rose to a record €108.4bn, with an average AUM growth of 36.2% from 2019 levels.
Implications to consider when established US managers want to take their operations over the pond and target EU investors directly.

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