Ocorian welcomes launch of enhanced Private Investment Fund regime in Guernsey

Ocorian, a leading global provider of services for assets and asset managers, welcomes the Guernsey Financial Services Commission (GFSC)’s announcement of a more streamlined and flexible Private Investment Fund (PIF) regime.
 
The revised regime merges the previous PIF routes into a single, streamlined pathway for qualifying private investors, while retaining the separate Family PIF structure tailored to family offices and high-net-worth individuals.
 
Luke Jager, Client Director at Ocorian, commented: "This is a timely and transformative update to one of Guernsey’s most distinctive fund structures. The changes strike a smart balance between regulatory robustness and market agility – particularly welcome is the increased flexibility around qualifying investors, including the ability for licensees to warrant eligibility."
 
"Once again, the GFSC has demonstrated its innovation and adaptability to collaborate with local industry and fund promoters to develop a leading fund offering in Guernsey. Crucially, the previous cap of 50 investors has been lifted entirely, and there is now no limit to the number of qualifying private investors or private offers that can be made, provided they meet the criteria. Combined with the removal of the audit requirement and the launch of a secure online application portal, the revised regime significantly enhances Guernsey’s competitiveness for private capital managers seeking speed, certainty, and substance."
 
Ocorian is already supporting clients across a wide spectrum of private fund strategies in Guernsey and stands ready to help new entrants and existing managers take advantage of the revised regime.
 
For more information, please contact Luke Jager.