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Westbrooke Alternative Asset Management UK Limited has established two Jersey Private Funds (JPF) with international law firm, Walkers, acting as counsel.
Westbrooke Alternative Asset Management chose Jersey and in particular the Jersey Private Fund regime as the domicile of the fund vehicles due to the speed of establishment together with appropriate and proportionate regulation for the level of sophistication of the investor base.
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, fast-track regime. Launched just over a year ago, the new structure has proved popular with already 100 registrations.
Present in South Africa and the United Kingdom, Westbrooke Alternative Asset Management aims to create and preserve wealth through investment in private equity, listed equity, property and credit.
Westbrooke Yield Plus Limited invests in private debt instruments with a core focus on the United Kingdom, Europe, United States. Westbrooke Rhythm Limited invests into early-stage companies which demonstrate innovative and disruptive business models.
The Walkers team was led by partner Jonathan Heaney (pictured) who was assisted by senior counsel Christopher Reed.
Jonathan Heaney commented: "Our appointment is another example of the growing international interest in Jersey domiciled fund vehicles and highlights the rising global demand for the Jersey Private Fund product in general - which greatly reduces time to market and facilitates the deployment of capital. The team at Walkers has had great pleasure in working with Westbrooke Alternative Asset Management in establishing and launching these new ventures and wish the funds every success."
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