Hillview Group uses a Guernsey PIF for first real estate fund

03 November 2017

The Hillview Group has expanded its investment offering with the launch of its first real estate fund.

Hillview Partners Property Fund (HPPF), which has been approved under Guernsey’s new Private Investment Fund (PIF) regime, illustrates Hillview’s continued commitment to applying the highest regulatory and compliance standards in its investment structures.

Since Hillview’s formation in 2006, the independent merchant bank has completed more than £3 billion of direct investments and strategic capital market transactions across the real estate, healthcare, financial services, consumer, leisure and industrial sectors in the United Kingdom, Europe, Africa and the USA.

Langham Hall (Guernsey) provide the full suite of fund administration services to HPPF and led the process of obtaining regulatory approval from the Guernsey Financial Services Commission (GFSC). Jon Young, Managing Director of Langham Hall (Guernsey), said that he was delighted to see Hillview expand its investment offering.

“Hillview are utilising one of Guernsey’s latest products and are a great fit for the PIF regime, with close relationships with investors, of which there are an intimate number [a PIF can contain up to 50 investors]. The set-up and structuring phase has been very efficient and this creates a fantastic platform for future growth.”

“Hillview are utilising one of Guernsey’s latest products and are a great fit for the PIF regime, with close relationships with investors, of which there are an intimate number [a PIF can contain up to 50 investors]. The set-up and structuring phase has been very efficient and this creates a fantastic platform for future growth.” Langham Hall's Jon Young

Trina Zwarich, Finance Manager for Hillview, said: “The timing was perfect for us as we were looking to launch our fund around the same time that the GFSC announced the introduction of the regulated PIF regime. Having operated multiple investment structures in Guernsey, we are confident in the support from our team at Langham Hall, and our investors have confidence in the reputation of this jurisdiction.”

The Guernsey office of Walkers acted as Guernsey legal adviser to HPPF.

Walkers Group Partner Matt Sanders added: “We were delighted to assist Hillview and Langham Hall to successfully launch HPPF. It is always immensely satisfying to see clients launch their first fund and the PIF regime has proved to be an excellent fit in this case. The regime demonstrates Guernsey's continuing commitment to update its funds regulatory regimes to meet the changing needs of the fundraising market. We look forward to working with Hillview and Langham Hall in future, and wish HPPF every success.”