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Article: Guernsey Private Equity Funds Up 9% In A Quarter.(Reprint)
- Article from:
- Mondaq Business Briefing
- Article date:
- January 10, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This article was originally published on 7 January 2008.
The value of private equity funds in Guernsey rose by 9% in the third quarter of 2007.
Figures from the Guernsey Financial Services Commission (GFSC) show that by the end of September 2007 there were 226 such funds with a total value of [pounds sterling]28.4bn - up [pounds sterling]8bn (40%) in the first nine months of 2007 and 2.4bn (9%) during the third quarter alone in spite of the 'credit crunch'.
"These statistics are particularly impressive given the economic climate during the period. As such they illustrate how Guernsey's vast private equity experience and expertise is gaining ...