The island of
Guernsey remains the leading jurisdiction for private equity, according a government agency.
Peter Niven, chief executive of
Guernsey Finance, the government's investment promotion agency, told tax-news.com that the value of private equity funds in the island grew to £36.2 billion in the second quarter of 2008.
This showed a 2.5 per cent increase of almost £1 billion from the previous quarter.
Across Europe the amount raised by private equity funds has dropped by ten per cent so far this year.
Guernsey based private equity administrator Augentius also recently announced a 400 per cent growth in assets experienced over the last two years.
Mr Niven told the website: "These developments are yet further evidence that
Guernsey continues to be a leading jurisdiction for private equity."
John Pierce, the chief executive of the Quoted Companies Alliance, recently told the Financial Times that Finance Reporting Council (FRC) proposals could unsettle potential investors.
"It was recently proposed by the FRC that company directors clearly lay out "significant doubts" over if a business was a going concern."
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