The Private Investment Fund “The PIF” and the “Family PIF” are innovative and flexible fund structures offering speed to market in a well regulated jurisdiction. As regulated entities, they must meet the definition of a Collective Investment Scheme under the Protection of Investors (Bailiwick of Guernsey) Law, 2020.
Benefits A straightforward, streamlined application process with the regulator, the Guernsey Financial Services Commission (GFSC).
Regulatory approval can be obtained in 24 hours. Flexibility on structure - the fund can be open or closed-ended suitable for GP/LP structures as well as limited and protected cell companies. Supports public and private investments as well as innovative and emerging asset classes and mandates. No prescribed minimum or maximum size of the fund or underlying investments, and no upper limit to the number of qualified private investors. Can attract global capital and may be marketed internationally, including into the EU under AIFMD and NPPR provisions. Low set-up and ongoing management costs.
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