Jersey Private Fund regime upgrade – what August 6, 2025 changes mean for managers

The Jersey Private Fund (JPF) regime – one of Jersey’s fastest-growing structures, with 750+ vehicles since 2017 – is getting a powerful refresh effective 6 August 2025.

The new JPF enhancements deliver on three fronts:

1. Scale without complexity: Unlimited investors via a “restricted group” model enables aggregation of co-investment, employee, or follow-on vehicles under one umbrella.

2. Global investor alignment: UK FCA professional clients and US accredited investors now easily accessible - simplifying cross-border documentation and capital pools.

3. Strategic optionality & execution speed: Listing structures and real 24‑hour authorisations empower quick continuation, NAV‑financing, or technical listings.

As a manager, here are the top three things you need to know^[1]:

1. No more 50‑investor cap

The numerical limit is removed. Funds now simply need to be offered to a clearly defined “restricted group”.

2. Expanded investor base & faster approvals

UK FCA professional clients and US accredited investors are now eligible. Plus, 24‑hour authorisation for designated service provider submitted applications.

3. New listing flexibility

Funds can now be listed on recognised exchanges (with JFSC approval), enabling liquidity options like technical or GP‑led secondaries.

Why it matters

These updates elevate Jersey as a jurisdiction of choice for asset managers seeking speed, scale, global reach, and liquidity.

1. Our migration expertise helps legacy JPFs transition smoothly to benefit from the relaxed cap and investor definitions.

2. Ocorian enhances DSP workflows to meet the new 24-hour standard, supports funds raised across EU/UK/US jurisdictions, and guides listing governance and sponsor readiness.

3. Our scalable admin platform, from fund accounting to ESG and carried interest, empowers clients managing larger, more diverse investor bases without compromising compliance or efficiency.

How we can support you to make the most of the upgrade:

1. Pre-aligned submission templates and workflows ensure first-time compliance under the new 24‑hour standard.

2. We coordinate UK NPPR and EU AIFMD filings to facilitate fundraising to expanded investor categories.

3. Company secretarial and listing sponsor teams guide on board set-up, ongoing obligations, and structured liquidity.

4. We manage notifications and COBO consent processes for existing structures seeking to opt in.

5. Our platform supports enhanced fund accounting, carried interest modelling, ESG disclosures, and compliance for larger investor rosters.

Want to learn more? Get in touch.

A leading global asset service provider, Ocorian partners with asset managers across the full fund lifecycle, ensuring seamless, expert-driven, technology-led service. Ocorian uses leading technology to configure and maintain best in class accounting, reporting, and administration, delivering integrated solutions, tailored to solve the diverse needs of asset managers no matter your geography, sector, or strategy. Administration Solutions that Unlock New Value | Ocorian

^[1] Mourant: Law Firm | Further improvements to the Jersey Private Fund regime