guernsey leading the way in private equity. welcome jim gilligan chairman guernseyfinance
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GuernseyLeading the way in
Private Equity
Welcome
Jim GilliganChairman
GuernseyFinance
Leading the way in Private Equity
Jon MoultonManaging Partner Alchemy Partners
Leading the way in Private Equity
Connie HelyarExecutive Chairman
IPES
5
Private Equity Funds in Guernsey
Private Equity
Fund
6
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters
7
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters
Structures
8
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters Investors
Tax
Structures
9
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters Investors
Tax
Structures Service
Providers
Leading the way in Private Equity
Rob HutchinsonExecutive Director
KPMG Channel Islands
11
Private Equity Funds in Guernsey
Promoters Investors
Private Equity
Fund
Service
Providers Structures
Tax
•Start up•Experience/ Expertise
•Experienced PE fund manager
•Household name
•Guernsey management company•Manage tax affairs•Relocate to Guernsey
•Fast Track for General Partners
12
Private Equity Funds in Guernsey
Alchemy Partners Apax
Apollo B C Partners
Colony Capital EQT
Harbourvest KKR
Lehmans Permira
Partners Group SVG Capital
Terra firm
13
Private Equity Funds in Guernsey
Promoters Investors
Private Equity
Fund
Service
Providers Structures
Tax
•Start up•Experience/ Expertise
•Experienced PE fund manager
•Household name
•Guernsey management company•Manage tax affairs•Relocate to Guernsey
•Fast Track for General Partners
Leading the way in Private Equity
Ben MorganPartner
Carey Olsen
15
Private Equity Funds in Guernsey
StructuresInvestors
Private Equity
Fund
Service
Providers
Promoter
Tax
• Legal structure – Limited Partnership•Tax transparent•Limited disclosure requirements•General Partner in Guernsey or elsewhere•Guernsey administrator
• Approval process•“GFSC approval”•“Self-certification”
•QIF•Registered fund
Leading the way in Private Equity
Tony ManciniExecutive Director
KPMG Channel Islands
17
Private Equity Funds in Guernsey
Investors
Private Equity
Fund
Service
ProvidersStructures
Tax
• Fund taxation•Tax transparent•General partner: 0%•No VAT/GST•No Capital Gains Tax
•Carried interest•Return treated as a capital gain•Not taxed in Guernsey
Promoter
Leading the way in Private Equity
Mark HuntleyManaging Director
Heritage International Fund Managers
19
Private Equity Funds in Guernsey
Service
Providers
Investors
Private Equity
Fund
Promoter
Structures
Tax
• Lawyers • Auditors• CISX• Banks
• Insurance• Non- exec directors• Fund Administrator
Leading the way in Private Equity
Connie HelyarExecutive Chairman
IPES
21
Private Equity Funds in Guernsey
Private Equity
Fund
22
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters
23
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters
Structures
24
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters Investors
Tax
Structures
25
Private Equity Funds in Guernsey
Private Equity
Fund
Promoters Investors
Tax
Structures Service
Providers
GuernseyLeading the way in
Private Equity
27
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