Jersey private equity asset value passes £100bn

Private equity fund values in Jersey crossed the £100 billion mark last year, the first time this has happened, the island’s funds industry said.

The value of private equity funds on the island reached £114.5 billion – which is equivalent to €134.3 billion – after a 38% rise over the year.

Jersey is a prime centre for fund administration of alternative investment funds and in figures released last week said assets under administration of all regulated funds grew 10% in 2018 to reach £319.9 billion.

The figures were attributed to the financial regulator, the Jersey Financial Services Commission (JFSC).

Combined total value of infrastructure, credit and debt funds increased by 28% to stand at £64.8 billion, while the value of real estate funds grew by 10% to £41.4 billion and hedge funds increased by 3% to £52 billion.

Joe Moynihan, chief executive of industry body Jersey Finance, said the success was down to asset managers “finding long-term appeal in Jersey’s regulatory standards, the global market access it can offer, its specialist expertise, and its forward-thinking approach”.

*Jersey and Guernsey recently agreed MoUs with the UK over post-Brexit market access.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST