“Sustained buoyant private equity activity” saw Jersey’s funds industry grow to a new record level, according to Jersey Finance.
The industry’s funds under administration grew by £26.3 billion (€30.7 billion) in the first half of the year to reach £436.3 billion at the mid-year point.
Jersey Finance said the data showed that the funds sector’s performance was driven by private equity, which grew by 24% over the half year to stand at £203.6 billion.
The number of registered Jersey Private Funds (JPF), a structure designed for small groups of sophisticated and professional investors, grew by more than 50 (13%) over the six-month period to reach 456 and had assets of £78 billion. This figure is not included in the headline quarterly data.
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