GFSC launches new Private Investment Fund options

Following a consultation in December 2020, the Guernsey Financial Services Commission ("GFSC") launches new Private Investment Fund ("PIF") options.

The GFSC has introduced two new pathways to creating a PIF, both without the need to appoint a manager licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987. One of the new pathways requires all investors to meet qualifying investor criteria, which is designed to protect investors that are more vulnerable. The other will be a bespoke private wealth structure where there will need to be a family relationship between investors. These new PIF options complement the existing PIF regime that remains available and have been introduced with immediate effect.

If these new options are of interest to you, the Guernsey Partners would be delighted to hear from you. For more information click here.