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Private equity powers Jersey fund to record level

Jersey_flagThe value of Jersey’s funds under administration was nearing £300 billion (€341 billion) at the end of 2017, according to figures out today.

The record value of £291.1 billion in regulated funds being administered in Jersey was driven primarily by a rise in private equity business, according to Jersey Finance, quoting figures from the Jersey Financial Services Commission.

In the final quarter of 2017, the total net asset value of regulated funds being serviced through Jersey rose by 10% and by 12% year-on-year.

Alternative asset classes represent 77% of Jersey’s total funds activity.

Jersey Finance said that private equity fund values performed particularly strongly, rising by almost a third year-on-year (30%) to stand at £82.7 billion – the second consecutive year private equity has risen by that level.

Hedge fund values increased by 6% to £50.7 billion, real estate rose 2% to £37.5 billion, and the combined total of infrastructure, credit and debt funds rose by 7% to stand at £50.6 billion.

Mike Byrne, chairman of the Jersey Funds Association, said some of the largest private equity funds brought to market last year were structured through Jersey. 

“In addition, more than 100 Jersey private fund structures have also been established in less than a year since launch and their value is not captured in these regulated fund figures, so it’s clear there is real momentum in Jersey’s funds industry at the moment.”

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