In April 2017, the Jersey Financial Services Commission ("JFSC") introduced a new private investment fund regime, the "Jersey Private Fund" ("JPF"). The introduction of the JPF amalgamated and replaced three other Jersey private fund products: the Very Private Fund, Private Placement Fund and COBO Only Fund. New applications under the older regimes are no longer possible.
Speed of establishment, together with appropriate and proportionate regulation for the sophistication of the investor base, are the unique selling points of this new fund product.
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