Funds

Here's the order it usually runs in. First, we incorporate the fund and any subsidiaries: companies, cell companies, partnerships, unit trusts or SPVs. Next come the directors, registered office, company secretary and statutory books and registers. Then we open the bank accounts, review the placement memorandum and supporting documents, and carry out the regulatory risk review. We prepare the operations manual, procedures and reporting templates, provide compliance and money laundering compliance officers, and categorise and check your investors. Finally, we manage the closing meeting and issue investor notices.

How long does it take? That depends on the fund, its investors and its regulatory route. We're clear on what we can do and by when, so you know what to expect.

Speed is just the start. No cap on investor numbers, so your fund can keep growing. No requirement to appoint an auditor. No offering document needed, if the criteria are met. A wider definition of professional investor, including US accredited investors and UK professional clients. And a route to European investors through national private placement regimes.

Company, partnership or unit trust. Open or closed-ended. Your strategy, your structure.

Every JPF must appoint a regulated, Jersey-based designated service provider (DSP), usually its administrator. The DSP carries key due diligence, compliance and reporting duties. We play fast, not loose. Fund documents, onboarding and investor checks take longer, and we plan that timetable with you.

In practice, that means coordinating board activity, meetings and notices. Maintaining statutory records and registers. Managing transactions and record keeping. Running cash management and periodic reconciliations. Processing and paying fund expenses.

None of it is glamorous. All of it matters. A missed board notice or an unreconciled account becomes a problem for your investors, your auditors and your regulator. We make sure it doesn't.

Every client relationship is director-led. Your fund director is supported by a team that knows your fund, and you get direct access to the people who make decisions. Less admin on your desk. More time on the portfolio.

Investors expect accurate notices, on time. We prepare investor reporting, respond to investor enquiries and coordinate tax reporting, so your team isn't fielding every question.

For institutional investors, that means a clear record of every transaction and a responsive point of contact. For fund managers, it means investor relations that reflect well on the fund, without the workload landing on your team.

A late capital call notice or a wrong distribution figure costs more than time. It costs confidence. That's why we check before anything goes out and keep a clear record behind every figure.

We calculate fees, accruals, equalisation and carried interest. We handle consolidated and group reporting, interim management accounts, quarterly reports and annual financial statements. When the auditors arrive, we coordinate the audit process and statutory reporting.

Carried interest gets scrutinised. Equalisation gets complicated. Group consolidations get messy. Complexity is our comfort zone.

Our accounting platform gives you access to real-time investment data, so you can support your own investor reporting with confidence. Every client relationship is director-led, so questions about the numbers reach someone who can answer them.

That covers corporate tax and VAT registrations, legal entity analysis, registrations with the IRS and local tax portals, and acting as responsible officer or point of contact. We carry out due diligence on new and existing investors under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

In Jersey, we prepare the fund's tax returns and declarations and settle any tax liabilities. Outside Jersey, we review the returns your agents prepare. Every step leaves a clear audit trail.

Missed tax deadlines cost money and credibility. We track them, so you don't have to.

That includes compliance monitoring, ongoing review of investor risk and due diligence, and regulatory reporting. We provide compliance officers and money laundering compliance officers (MLCOs), and manager of managed entity (MOME) services. We also help regulated funds and fund services businesses meet the Jersey codes of practice that apply to them.

Regulation keeps moving. Your fund still needs to. We keep track of the changes that affect you and keep your compliance current, so the regulator never becomes the reason a deal slows down.

Every client relationship is director-led, so compliance questions reach someone who can make a decision.

Depositary-lite is a lighter form of depositary oversight. Some European countries require it before a non-EU alternative investment fund can be marketed to their investors.

In practice, we monitor the fund's cash flows and oversee the safe-keeping of its assets. We also oversee share valuations, the issue and redemption of shares, and how the fund's income is applied.

For managers, it's one more requirement handled by the same team that administers the fund. For investors, it's an extra check on how the fund is run.

Here's how it runs. First, the data: records, registers, accounts and investor files are transferred and reconciled. Next, the investors: notices go out and investor records and due diligence are brought up to date. Then the banks: mandates and signatories are changed. Finally, the cut-over: a date agreed with you and the outgoing team, so there's never a gap in who is responsible.

Outsourced fund administration works the same way for in-house teams. You keep the strategy. We take on the administration, accounting and reporting.

We play fast, not loose. Every step is checked before the next one starts, and you know where your fund stands throughout.

Our clients include global asset managers running mid-market buyout funds, venture capital managers backing tech start-ups and managers of private equity fund of funds. Our venture capital fund administration follows the same discipline as our buyout work, scaled to the fund.

Regulators and investors keep asking for more. We cover the administration, accounting, reporting and governance across the fund's life, including carried interest calculations, capital calls and distributions, and investor reporting. Every client relationship is director-led, so you have direct access to people who can make decisions.

You focus on the deals and the returns. We keep the fund in order behind them.

That means fund establishment, central administration, investor services, capital calls and distributions, fund accounting and regulatory compliance support. Your fund director leads the relationship, with direct access to the people who make decisions.

Loans need agents too. Facility agent and security trustee roles on the loans your fund makes are separate roles, under separate documents, handled by VG's Capital Markets team. Different roles. One firm.

For direct lenders and their lawyers, that means fund-level and loan-level work can sit with VG, without blurring who does what.

Property funds have more moving parts than most. Several SPVs. Financing on different assets. Valuations, tenants and investors who want to know what's happening. We keep the fund and its SPVs in order: governance, accounts, investor reporting and regulatory compliance across the whole structure.

Whatever the strategy, acquisition, development, financing, letting or buy-and-hold, the administration follows it. Every client relationship is director-led, so you deal directly with people who can make decisions.

The fund's Shariah advisers approve the structure and its investments. VG administers the fund. That split matters. Investors get Shariah sign-off from the people qualified to give it, and day-to-day administration from a team that runs Shariah-compliant funds alongside conventional ones.

We understand the cultural requirements behind these funds, and why getting the detail right matters. For fund managers, institutional investors and their lawyers, that means a team that knows the structure as well as the fund.

Every client relationship is director-led, so you deal directly with people who can make decisions.