“Encouraging” growth within the island’s financial services industry across its funds, banking and corporate sectors has been highlighted by data collated by the local regulator.
In particular, the most recent figures put together by the Jersey Financial Services Commission – for the period ending 30 June – pointed to growth within the island’s private fund regime.
The improvements, which followed a number of enhancements made to the regime in 2025, included a rise in the number of registered Jersey Private Funds from 754 to 850, up 12.7% year-on-year.
And, following the removal of the 50-investor cap in August last year, 135 JPFs are already operating in the new ‘unlimited investors/offers’ category, representing almost 16% of all JPFs.
Additionally, JPF assets under management increased from $113.69 billion to $130.91 billion, an increase of 15.2% year-on-year.
The fact that the enhancements made last year have proven to be attractive to the market is a validation of our moves to enable greater access and flexibility for our flagship fund product
Jersey Finance chief executive Joe Moynihan
Overall, total funds business in Jersey was valued at $799.2 billion, with the total net asset value of regulated funds business administered in the island having risen by 8.3% year-on-year to $668.34 billion.
Corporate activity also remained positive over the first half of 2026, with the total number of companies now on Jersey’s register standing at 36,577 – the highest total on record.
And the island’s banking sector remained stable, with total deposits standing at £193.5 billion at the end of June 2026. This represents an increase of 3.6% since the end of 2025 and year-on-year by 5.9%.
Jersey Finance chief executive Joe Moynihan said: “These figures reinforce a sustained trend we are seeing for high quality, high value institutional investment funds business in Jersey and significant traction for our industry in the private markets space, with the JPF becoming a clear go-to product for professional investors.
“The fact that the enhancements made last year have proven to be attractive to the market is a validation of our moves to enable greater access and flexibility for our flagship fund product.”
Mr Moynihan continued: “Meanwhile, continued strength in corporate activity demonstrates growing international investor demand for hybrid investment and special purpose vehicles alongside our regulated and ‘pure’ fund products.
“This is in line with our projections, as Jersey’s core institutional, private client and family office investor groups move into new markets that require sophisticated, bespoke and flexible structuring solutions.
“We fully expect this trajectory to continue, as Jersey continues to provide a stable and certain environment for cross-border structuring.”
The growth in both the number of JPFs and assets under management, alongside the early uptake of the unlimited investor option, demonstrates that those changes are translating into meaningful activity
Jersey Funds Association chair Joel Hernandez
Joel Hernandez, who chairs the Jersey Funds Association, added: “The continued growth of the Jersey Private Fund is a strong reflection of what the international funds market is looking for: a regime that is flexible, proportionate and able to evolve in response to changing investor and manager needs.”
He continued: “The latest figures are particularly encouraging following the enhancements introduced last year.
“The growth in both the number of JPFs and assets under management, alongside the early uptake of the unlimited investor option, demonstrates that those changes are translating into meaningful activity.
“For Jersey’s funds industry, this reinforces the importance of continuing to listen to the market and ensuring our proposition remains competitive, practical and relevant to the needs of international fund managers and investors.”
