Launching a fund in Guernsey just got easier: What you need to know about the new PIF Regime
Guernsey’s updated Private Investment Fund (PIF) regime came into force on 19 May 2025, streamlining the path to fund launch, especially for first-time and emerging managers. With reduced complexity, no audit requirement and authorisation possible in as little as one business day, it marks a major shift in fund structuring flexibility.
At Langham Hall, we have helped managers launch PIFs in Guernsey since the regime began. Here is what has changed and how we can help you take advantage.
Contributors
What has changed under the new regime
- No cap on investor numbers (previously capped at 50)
- No requirement to appoint a Guernsey-based manager
- No audit requirement (unless otherwise specified)
- Fast-track authorisation in one business day
The updated framework also consolidates previous PIF routes into two:
- Qualifying PIFs (QPIFs)
- Family PIFs
All funds must still be offered to qualifying investors as defined by the Guernsey Financial Services Commission.
Why this matters for emerging managers
For new managers, early-stage funds or specialist strategies, the previous hurdles – cost, time and regulatory complexity – often created a high bar for entry.
Now, the regime offers a faster and more flexible route, especially suited to:
- Proof-of-concept or friends-and-family funds
- Specialist or niche strategies
- Managers looking for cost efficiency without cutting corners
It is a shift that aligns with the needs of modern fund manager, especially those with institutional ambitions down the line.
How Langham Hall supports PIF launches
With over 70 professionals based in Guernsey and long-standing relationships with the regulator, we help managers move from idea to authorised fund smoothly and with confidence.
We provide:
- Structuring guidance and regulatory liaison
- Investor onboarding and fund setup
- Ongoing reporting and governance frameworks
- A setup built for scale, not just launch
From first conversation to live fund, we stay close and hands-on, because the early decisions matter.
Make the most of the opportunity
The updated PIF regime reinforces Guernsey’s status as one of Europe’s most manager-friendly fund jurisdictions. If you are considering your first fund or simply want a faster route to market, Langham Hall is ready to help.
Get in touch with our Guernsey team.
