Guernsey: Guernsey Private Equity Masterclass To Feature Senior Sector Figure
Last Updated: 28 March 2008

Guernsey is to hold a private equity masterclass in central London this spring featuring a keynote speech from Jon Moulton the Founder and Managing Partner of leading industry firm Alchemy Partners.

The masterclass is entitled ‘Guernsey – leading the way in private equity’ and will be held at The Gallery, Old Billingsgate, on the late afternoon of Thursday 1 May.

"We are delighted to be able to offer private equity professionals in the City this fantastic opportunity to hear from one of the industry’s leading lights on the latest issues currently facing the sector," said Horace Camp of the Guernsey Investment Funds Association (GIFA), which is the local industry’s representative body.

"He will then be joined by a team of Guernsey experts who will use working examples to show introducers of business the potential benefits to them and their clients of domiciling private equity funds in the Island."

The main masterclass session will start at 5pm, finish at 6.30pm and be followed by drinks and canapés.

"The aim is to have a focused core session and thereby allow time afterwards for what are extremely valuable additional networking opportunities between members of Guernsey’s funds industry and introducers of business from the City," added Mr Camp.

The latest figures from the Guernsey Financial Services Commission (GFSC) show that overall funds business in Guernsey grew another £13.7bn (8.3%) in the final three months of 2007, taking the total value of funds under management and administration in the Island to another record high of £178.2bn at the end of December – up £48bn (37%) during the year. The most eye-catching results came in the private equity asset class where values increased by £5.5bn (19%) during the quarter and £13.6bn (66%) year on year to reach £34bn at the end of 2007.

Peter Niven, Chief Executive of GuernseyFinance – the promotional agency for the Island’s finance industry, said: "The value of private equity funds in Guernsey has grown impressively during the past couple of years. This illustrates how significant numbers of business introducers from across Europe and in particular the City of London already view the Island as the jurisdiction of choice for private equity.

"Guernsey has established this position through the accumulation of a wealth of experience and expertise and the continued development of a first-class infrastructure, including the availability of modern structures and fast-track regulatory approval processes. This is a message which at the masterclass we will be emphasising to both our existing contacts and those introducers who don’t yet have any experience of using Guernsey for private equity business.

"We have started 2008 strongly and are looking to enhance existing and find new sources of business so that we can maintain our position as a leading jurisdiction for private equity into the future."

The masterclass is the first in the ‘Achieving Excellence’ event series that Guernsey will be hosting throughout 2008.

It will start with a short welcome speech from Jim Gilligan, Chairman of GuernseyFinance. Mr Moulton, who now lives in Guernsey, will then take to the stage to give the keynote speech before taking part in an interactive panel session chaired by Connie Helyar, Executive Chairman, IPES and also including: Mark Huntley, Managing Director, Heritage International Fund Managers; Ben Morgan, Partner, Carey Olsen; Tony Mancini, Tax Director, KPMG Channel Islands; and Rob Hutchinson, Executive Director, KPMG Channel Islands.

Firms from Guernsey’s funds industry are hosting tables and further information can be obtained from Fiona Murray at Orchard Events on email info@orchardevents.com, telephone +44 (0) 1481 240600 or fax +44 (0) 1481 240601.

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