According to the latest quarterly statistics collated by the Jersey Financial Services Commission, there were 502 JPFs at the end of September 2021, a number that has risen by 38% compared to the same time the previous year.
Launched in 2017, the JPF structure aims to provide institutional and professional investors with a more streamlined, fast-track regime.
Further, the nimble nature of the structure mean it chimes particularly well with the tried and tested private placement route for marketing funds into Europe as well as within the ESG space.
“These latest figures show the enduring strength of the JPF, particularly when it comes to private capital co-investment and cross-border institutional alternative fund structuring,” Jersey Finance CEO Joe Moynihan said.
“By being cost-effective, flexible and swift to market, the structure has genuinely become a go-to vehicle that has, undoubtedly, played a part in the sizeable growth we’ve seen in our funds sector as a whole.”
