The Jersey Financial Services Commission has reported sustained uptake in the Jersey Private Fund (JPF), with 100 structures formed less than a year since its launch. The commission registered the 100th JPF on 2 March.
As the latest addition to Jersey's suite of fund structuring options, the JPF was introduced to provide institutional and professional investors with a more streamlined regime under which funds for up to 50 investors could be established in as little as 48 hours.
Geoff Cook (pictured), CEO of Jersey Finance, commented: "Our reputation as a specialist funds centre is based on our ability to provide speed to market and expertise, as well as appropriate regulatory oversight.
"The clear evidence is that the prospect of 48-hour authorisation for funds with up to 50 investors is playing out well among fund managers."