LPs) under the Limited
Partnerships (Guernsey) Law, 1995, as amended (
LP
Law). Though registered pursuant to the LP Law, an LP
is not generally a separate legal entity (although it can elect to
have separate legal personality from its partners at the time of
registration).
An LP reflects a formal legal arrangement between one or more
general partners of the LP and one or more limited partners of the
LP. A general partner of a Guernsey LP is liable for all of the
debts and obligations of an LP and is vested with certain duties
and powers with respect to the business of the LP. On the other
First published by Global Legal Group, January 2021.
The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (NAV) facility
closings.
Overview
While certain banks have continued to increase their book of
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Guernsey is a leading funds domicile with a proven track record
of more than 50 years as an international financial centre, and as
such, is increasingly recognised by fund sponsors and promoters as
a leading centre for the formation, administration and cross-border
distribution of investment business such as private equity,
alternative investments, property funds, hedge funds and funds of
hedge funds. As at the end of June 2020, there were over 800 funds
domiciled in Guernsey, with the overall value of institutional and
retail funds under management and administration in Guernsey
To print this article, all you need is to be registered or login on Mondaq.com.
The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (
NAV)
facility closings.
Overview
While certain banks have continued to increase their book of