Jersey for US fund managers: A targeted route for European capital
29 July 2026
US fund managers raising capital in Europe can access investors through a range of established jurisdictions and structures, depending on their fundraising strategy, investor base and geographic focus.
For managers seeking broad EU distribution, Luxembourg often plays a central role, particularly for larger platforms operating across multiple European markets.
But many emerging or lower to mid-market managers are raising capital in a smaller number of European countries rather than pursuing EU-wide distribution.
In these situations, a Jersey-domiciled structure can provide an alternative route to accessing European capital, particularly where fundraising is focused on a limited number of jurisdictions.
Targeted European access
Data from the European Commission shows that 97% of managers raising capital in Europe do so in three countries or fewer.
Jersey enables access to European investors through National Private Placement Regimes (NPPR), allowing capital to be raised in specific countries without an EU-wide passport and its associated price tag.
Cost aligned to fund size and manager maturity
By domiciling a fund in Jersey, managers can establish institutional‑grade structures at a price point that allows for cost-efficient economics for both the GP and LPs.
Familiar structures, faster execution
Jersey operates within a common law legal system, with structures such as limited partnerships and corporate vehicles that are already familiar to US managers and their advisors. This familiarity can streamline structuring, execution and ongoing operations.
Built for long-term stability
Fund structures operate over multi-year horizons.
Jersey’s legal and political system is built on a long-established tradition of stability and continuity. As the largest British Crown Dependency, it is regarded as having a stable constitutional and legal environment, supported by a well-established court system and a UK-based final court of appeal.
Through periods of global volatility, it has consistently demonstrated resilience and predictability for fund managers and investors alike.
Working alongside global structures
Cayman remains a leading jurisdiction for global fund structures and is often the right choice for non-European capital.
When European investors are part of the strategy, Jersey can be used alongside Cayman or onshore US funds to provide access to European capital without changing the core fund structure.
Implementing a Jersey structure
For US managers raising capital in a limited number of European jurisdictions, the focus is often on accessing European investors efficiently rather than building a platform designed for full EU-wide distribution.
A Jersey structure can provide a practical route to European capital while remaining aligned with the scale and strategy of the fund.
Mark Cleary supports fund managers with the establishment and ongoing administration of Jersey structures, including governance, investor servicing and operational support.
Speak with Mark to explore whether a Jersey structure could align with your European fundraising strategy.
No part of the above article constitutes legal, tax, investment or regulatory advice and it may not be relied upon as such. The statements contained herein are of a general nature only. No representations as to the suitability or otherwise of Jersey as a jurisdiction for any specific fund, fund manager or investor are intended. Appropriate advice should always be taken. Fund services are subject to regulatory requirements and market risks.