Private funds which have fewer than 15 investors can be established quickly and with few of the regulatory requirements that apply to larger or publicly offered collective investment schemes.
Investing through “Club” funding
A private fund is a closed-ended structure set up for a specified group of investors. The units or shares of the structure are only accessible by the participating investors or by the wealth structures administered for them. Private funds have proven popular with wealthy families, investment club members and other partners investing on a collective basis.
Safety in numbers
Private Funds can facilitate the pooling and management of family or co-investor wealth in a transparent and equitable way as well as consolidate a diverse portfolio of assets into a single holding structure to improve oversight and enable global reporting.
Flexible and light-touch
A private fund may take a number of legal forms, with private companies, unit trusts and limited partnerships among the most favoured. The choice of structure will depend on the proposed use of the private fund and considerations such as flexibility, limitation of liability and tax efficiency.
Contact our experts today for guidance and support in establishing a private fund.
Miles Le Cornu
Head of Private Client Services
Miles is Head of Private Client Services at Highvern and has over 30 years experience in the Trust industry, the majority of these in positions of senior management.
Miles is responsible for all aspects of private client administration, relationship management and development.
Prior to joining Highvern, Miles spent 18 years at BNP Paribas as head of all Wealth Management activities in Jersey. Whilst his career has provided him with the opportunity to work with wealthy families from all parts of the globe he has significant experience of working with families in the Middle East and Asia, regions he has travelled to extensively.
Miles is a member of the board of directors of Highvern Trustees Limited, an Associate member of the Chartered Institute of Financial Services and a fully qualified member of the Society of Trust and Estate Practitioners (TEP).
Private Client Director
Philip is a Private Client Director at Highvern. Philip has 3 decades of experience as a Trustee in both Jersey and the UK, working exclusively in the Trust industry.
Philip works as an advisor to high and ultra high net worth clients, predominantly in the Middle East but also Russia and Central Europe. Philip’s expertise covers the UK taxation of offshore structures, particularly where the structures hold UK residential or commercial real estate.
Philip has a postgraduate award in leading operations and process management in the service sector from Warwick Business School, and is a fully qualified member of the Society of Trust and Estate Practitioners (TEP).
Private Client Director
Simon is a Private Client Director at Highvern. Simon has over 25 years experience in the Trust and Fiduciary industry having worked at independent and bank owned trust companies.
Previously head of a single family office, Simon has experience in overseeing a variety of structures and asset classes. At Highvern, Simon is responsible for a portfolio of high and ultra high net worth clients specialising in establishing and administering complicated structures for clients based primarily in the UK and Western Europe.
Simon is a fully qualified member of the Society of Trust and Estate Practitioners (TEP), and holds the certificate in Company Direction from the Institute of Directors (IoD).
Director of Advisory (MLCO)
Marc is Director of Advisory and the Money Laundering Compliance Officer at Highvern. Called to the Bar of England & Wales in 1993, and then the Bar of Jersey in 1998, Marc has over 25 years experience as a lawyer, and 20 years in the Trust industry.
During his career in private practice with a number of leading offshore law firms, Marc specialised in trust and private client work with an emphasis on establishing and developing complex family governance structures, including the use of private trust companies and foundations. At Highvern, Marc addresses issues relating to both fiduciary risk and the practical management of clients’ affairs. Marc also has detailed knowledge of FATCA and CRS regimes and deals with their application to structures.
Marc is a fully qualified member of both the Society of Trust and Estate Practitioners (TEP) and the International Tax Planning Association (ITPA), and sits on the Jersey Finance Foundations Law Working Party.
Ross is an Associate Director in the Family Office Services Team at Highvern. With over 16 years experience in Trust, Ross has extensive knowledge in delivering professional governance and administration services to a predominantly Middle Eastern and US high and ultra high net worth client base.
Ross manages a varied portfolio of trust structures.
Ross is a fully qualified Chartered Secretary with the Institute of Chartered Secretaries and Administrators, and is currently studying towards the Investment Management Certificate (IMC).