20 May 2025 Guernsey’s new PIF: A smarter way to structure private Funds

A constructive dialogue 

Earlier this year, I joined a Channel Islands delegation in London to meet with the British Business Bank. It was a welcome opportunity to highlight the strengths of Guernsey’s fund sector—particularly our legal framework, strong regulatory environment, and global connectivity. 

Our conversations underscored Guernsey’s role in supporting private equity and venture capital investment into the UK. The response from the Bank reinforced the value of Guernsey and its fund regime as a key international finance centre. 

A revised structure that works 

The updated PIF regime brings together the previous pathways into one simplified model, while retaining the Family PIF. It removes restrictions on investor numbers and offer limits, and no longer requires a compulsory audit. That means faster speed to market—often within 24 hours—with broader reach and the same high levels of governance. 

This is a measured and forward-looking change. It gives managers the flexibility they need, without compromising Guernsey’s reputation for integrity and substance. 

Why it matters 

For Guernsey, this strengthens our offering as a leading funds domicile. For Oak Group, it allows us to deliver even more tailored and efficient solutions for clients. The revised PIF fits well with our approach: thoughtful, agile, and always with high standards at the core. 

I’m looking forward to the conversations this new development will open up. If you’d like to explore how it could support your next fund launch, I’d be pleased to hear from you.