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Underground station in Munich
Jail time, fines and increasing investigations from the local tax authority – in Germany’s largest state, the private equity industry appears to be in a state of fear when it comes to the issue of tax and offshoring.
The new structure aims to make Jersey a more attractive offshore jurisdiction.
A handful of jurisdictions continue to dominate the market for fund domiciles. Simon Watkins asks whether rivals can ever take their crowns.
More non-EU alternative investment fund managers are choosing Jersey private placements rather than access EU investors via AIFMD passports.
Experts predict more private equity managers will use the new ILP structure to access European investors.
The firm is backing new legislation, which it will soon pilot, that combines the most attractive aspects of the regulatory frameworks from various states; and it wants industry input to help it make it a success.
Managers with funds in the EU and Cayman are facing challenges, the report also says.
The Jersey Private Funds (JPF) regime boasted 365 registered funds by the end of the third quarter 2020, a 37% year-on-year growth, according to the Jersey Financial Services Commission.
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