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Article: Private Equity Firms Get The Guernsey Habit.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 16, 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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Originally published in the Private Equity Wire, Guernsey Supplement, April 2008
Having already built up a reputation as one of the best offshore centre for private equity business among fund promoters and their advisers, Guernsey is benefiting from growing volumes of business thanks to the global expansion of the sector, which has seen some of the industry pioneers launch as many as five or six funds over a decade with steadily increasing volumes of capital.
Once a private equity house has made the decision to use Guernsey as a domicile, it's rare for them to change jurisdiction for the launch of subsequent funds. When they have built up ...