Private Wealth and Jersey Private Funds

The trustees, fiduciaries, settlors and beneficiaries of private wealth structures are invariably keen to explore new or alternative investment opportunities. A smaller scale collective investment approach involving one or more private wealth vehicles is becoming more common. We have significant experience advising on the applicability of the Jersey Private Funds regime to private wealth structures.  

A Jersey Private Fund is a private investment fund which involves the pooling of capital raised for the fund from 50 or fewer investors, which operates on the principle of risk spreading. It can take a number of forms, including companies, unit trusts and limited partnerships.

If it is appropriate in the circumstances, structures can be established for the purpose of enabling a pooled investment via a family trust, which pools its assets with a small select group of other parties, including another family trust, for example.

We can provide advice in relation to the establishment and ongoing operation of Jersey Private Funds in a private wealth context, or indeed an analysis of the participants in the structure to determine whether the structure would benefit from certain exemptions. 

We have significant experience advising on the establishment of Jersey Private Funds and on related matters, including

• advising a family office on the establishment of a Jersey investment management company to construct a portfolio of investments in innovative companies

• advising a UK-based family office on the establishment of trusts, holding vehicle and a discretionary investment platform involving multiple Jersey Private Funds to hold real estate assets

• advising a UK-based family office on the establishment of a Jersey Private Fund to invest in insurance-linked securities

Structuring Family Office investments using Jersey Private Funds

Due to the popularity and ease of establishment of JPFs, we are often asked to advise whether they are an appropriate vehicle for the purposes of structuring family office investments.

Group Partner Emily Haithwaite discusses the specific considerations in relation to JPFs, and their benefits for entrepreneurial families, in this article: Structuring Family office investments using Jersey Private Funds.

Private Wealth and Jersey Private Funds services

• Advising on the establishment of private wealth structures focused on a collective investment approach
  Working with the client’s onshore legal and tax advisers in relation to the drafting of the establishment documents for the Jersey Private Fund
• The drafting of investment powers in trusts and foundations specifically around the relevant collective investment principles and the family's wishes
• Advising trustees fiduciaries, settlors and beneficiaries on the applicability of the Jersey Private Fund regime to existing structures looking to engage in collective investment

Corporate and Fiduciary Services for Jersey Private Funds

• Providing designated service provider (DSP) services with tailored solutions to meet specific needs including migration/transfer of services

• Ogier Global integrates seamlessly to manage every facet of a Jersey Private Fund's (JPF) administration to ensure a fund business operates at peak efficiency including:

  • accounting

  • reporting

  • compliance (including the appointment of designated Money Laundering Compliance Officers and Money Laundering Reporting Officers, who have previously worked for the JFSC)

  • registry services

  • corporate governance

  • leading technical support

• Implementing a robust compliance framework is not just a requirement, it’s one of Ogier Global's core values for safeguarding JPFs and their investors, with customised policies and procedures (including CMPs, AML/CFT/CPF Manuals and Business Risk Assessments) designed to align with unique objectives and regulations while applying a proactive approach to risk management to identify potential issues before they become problems.