Jersey offers fast track alternative

Private Placement Funds are closed ended funds available to a limited number of sophisticated institutional or professional investors. Jersey Finance describes these funds as similar in scope to the existing COBO (Control of Borrowing Order) private funds, explaining that this latest fund offering is designed for ‘fast track’ approval, usually within three business days. Private Placement Funds will sit within the COBO framework and will complement the existing Expert Fund regime which also provides a streamlined approval process and has helped position Jersey as a leading European ce...