Guernsey funds hit £100bn private equity milestone

Posted: 03/05/2017

The total value of private equity business in the international finance centre of Guernsey has surpassed £100bn for the first time.
 
Figures from the Guernsey Financial Services Commission show that the net asset value of private equity funds under management and administration in the island grew by £25bn over the course of 2016 to stand at £110.3bn at the end of December.
 
Substantial launches during last year by private equity promoters Permira, Apax Partners, Cinven, Macquarie, Partners Group and Inflexion all contributed to the record-breaking high, reports Guernsey Finance. Permira VI, which raised €7.5bn, was the largest buyout fundraising in Europe during 2016.
 
Andrew Whittaker, the outgoing Chairman of the Guernsey Investment Fund Association, said the past 12 months had reinforced Guernsey’s pre-eminent position in the private equity space.
 
“The continued presence of these market-leading funds in Guernsey demonstrates its attractiveness to global investors as a stable, well-regulated and tax-transparent place to conduct business as the world goes through a period of unprecedented change,” he said.

 


Add a Comment

  • *
  • *
  • *
  • *
  • Submit

Want to know when we publish new content?

All you need to do is sign up for our newsletter.You'll receive a daily summary email of new items which have been published.

Please be advised that the volume of Business News articles which we publish is fairly high and you should expect to receive an email most days.

You can update your preferences at any time by registering for a blglobal.co.uk account and visiting the 'Your Profile' page.



Subscribe

It's easy to stay current with blglobal.co.uk.

Just sign up for our email updates!

Yes please! No thanks!