Jersey fund administration for Jersey Private Funds and Expert Funds

Since the JFSC enhancements effective in August 2025, a new Jersey Private Fund may have an unlimited number of investors, provided offers are made to a restricted group and every investor qualifies as a professional investor. Before that change, JPFs were limited to 50 offers or investors. Existing JPFs should confirm with their DSP how the new rules apply.

The JFSC targets authorization within 24 hours of receiving a complete application submitted by a Jersey-regulated designated service provider that meets all eligibility criteria. The wider launch, including documents, bank accounts and investor onboarding, usually takes several weeks, so authorization is rarely the critical path.

A designated service provider is a Jersey business registered with the JFSC to act for JPFs. It submits the authorization application, carries out AML and investor eligibility checks, and confirms the fund’s ongoing compliance to the JFSC. Every JPF must appoint one. Fundtec is not a DSP and works alongside the DSP as the operational team.

Professional investors are defined in the JPF Guide. They include institutions, regulated firms, high-net-worth individuals and entities meeting prescribed tests, and, since 2025, categories such as UK FCA professional clients and US accredited investors under Regulation D. The DSP verifies eligibility at onboarding.

Choose a JPF for private, professional-only fundraising where speed and cost matter, such as a PE fund or co-investment vehicle. Choose an Expert Fund when you need a more conventionally regulated product, for example for an open-ended strategy or investors who require a regulated fund status. Counsel can confirm which fits your investor base.

Jersey funds are usually marketed in the EU under each country’s national private placement regime, which requires notifications and ongoing AIFMD-style disclosures in each target market. Jersey funds do not use the EU marketing passport. Managers needing broad EU distribution often compare a Luxembourg structure.

Yes. A Jersey Private Fund can be open- or closed-ended, although most JPFs are closed-ended private equity, real estate, credit or co-investment vehicles. An open-ended JPF needs dealing, valuation and redemption processes documented in its offering terms, and an administrator able to run NAV and dealing on the chosen cadence.

The DSP holds the regulated role: it submits the JPF application, carries out AML and eligibility checks and confirms compliance to the JFSC. Fundtec provides the operational work behind the fund, including capital account maintenance, capital call and distribution processing, waterfall and fee calculations, investor reporting and audit support.