Navigating change: How co-sourcing is reshaping fund administration

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As fund operations grow in complexity, a hybrid model known as co-sourcing is gaining traction—especially in key European fund jurisdictions. Co-sourcing combines the strategic control of in-house teams with the operational efficiency and technology of outsourced providers. It’s a model that is becoming increasingly attractive to private capital firms facing mounting pressure around investor transparency, reporting expectations, and regulatory compliance.

In this article, Greg McKenzie and Alice Heald explore why co-sourcing is on the rise across leading fund jurisdictions, the key benefits for managers, and how different regulatory environments—such as the UK, Channel Islands, and Luxembourg—are helping shape this strategic shift.

Why co-sourcing is redefining fund operating models

Co-sourcing enables fund managers to retain control of critical functions—such as investor relations or oversight of NAV calculations—while leveraging external expertise for areas like data management, reporting, and regulatory compliance. This hybrid model offers a tailored operational structure, balancing autonomy and scalability without the rigidity of full outsourcing.

Importantly, co-sourcing is not a one-size-fits-all solution. It often suits mid to large-sized managers who already have in-house infrastructure—such as portfolio systems, experienced teams, or cross-border operational frameworks—that they want to maintain control over. These firms typically seek targeted support to supplement existing operations without relinquishing strategic oversight.

In contrast, smaller or emerging managers—who may lack built-out internal platforms—often benefit more from a fully outsourced model, at least in their early growth phases. The appeal of co-sourcing lies in its ability to adapt to a manager’s specific needs, making it a strategic choice for firms seeking a bespoke approach to operational excellence.

According to Allvue Systems’ 2024 whitepaper[1], “Co-Sourcing for Growth and Control,” 84% of surveyed private capital firms said they are planning to re-evaluate their fund administration model in the next 12–18 months—driven by a desire for greater efficiency, control, and responsiveness.

Key benefits of co-sourcing

  1. Enhanced control and strategic oversight

Co-sourcing enables fund managers to safeguard critical functions, ensuring that strategic decisions remain aligned with the firm’s broader objectives. Firms can oversee sensitive processes directly while relying on specialised partners to manage niche tasks. This approach also supports data integrity and ownership. By maintaining core systems in-house, managers can preserve a single source of truth, improve reporting accuracy, and reduce duplication. It enhances transparency, ensures consistent data flows across teams, and supports more informed decision-making.

  1. Operational flexibility and efficiency

By outsourcing only specific tasks, fund administrators are afforded greater flexibility in resource allocation. This model enables firms to optimise costs by reducing the need for extensive internal infrastructure and instead tapping into the specialised expertise available externally. It also streamlines internal bandwidth. Teams can remain focused on value-driving activities while delegating time-intensive operational workflows—ensuring the business scales without introducing bottlenecks.

  1. Risk mitigation and data security

Maintaining in-house oversight over strategic areas while outsourcing other elements enables firms to mitigate risks effectively. Co-sourcing reduces the exposure associated with full outsourcing—especially important in areas like data security and regulatory compliance—by keeping sensitive operations internal. This model also enhances regulatory responsiveness. With a clear division of responsibility and direct access to data and process flows, firms can respond to audits, investor queries, or compliance obligations swiftly—an important capability in a jurisdiction like Luxembourg.

  1. Access to expertise

In the rapidly evolving financial sector, expertise in areas such as technology integration, regulatory compliance, and risk management is crucial. Through co-sourcing, fund managers gain access to advanced skills and technologies without having to invest heavily in developing these capabilities internally. As highlighted in the Allvue whitepaper, this model provides a direct route to innovation and operational excellence, ensuring that firms remain competitive even in challenging market conditions[2]. This accelerates adoption of new technologies and best practices. It also allows firms to tap into market knowledge and innovation without losing the strategic context of their internal teams.

  1. Scalability and adaptability

The co-sourcing arrangement is inherently scalable. It allows firms to adjust the scope of services based on changes in market conditions, business strategy, or internal resource availability. This flexibility is particularly valuable for fund managers operating across multiple jurisdictions, where differing regulatory expectations and operational requirements call for a responsive and tailored approach.

Evolving fund centres and the rise of co-sourcing

Leading fund jurisdictions such as Luxembourg, the Channel Islands, and the UK are seeing continued growth in alternative asset strategies—including private equity, real estate, and private debt. This expansion brings increased operational complexity and is prompting managers to reassess how they structure their operational models.

In Luxembourg, for instance, ALFI data[3] shows that as of February 2025, net assets under management across all regulated funds and AIFs stood at EUR 7,337 billion – highlighting the scale and maturity of its alternative fund ecosystem. The Luxembourg Private Equity & Venture Capital Association (LPEA) has also emphasised the role of strategic partnerships in supporting more efficient and scalable fund operations[4].

Similarly, the Channel Islands continue to serve as a preferred domicile for private capital structures, with Jersey and Guernsey both offering substance-led regimes and strong regulatory reputations. Jersey has developed a well-respected and forward-thinking funds sector with an industry net asset value of £452 billion (as at March 2024)[5] and Guernsey’s thriving funds industry net asset value at the end of December 2024 stood at £290.1 billion[6]. Many managers in these jurisdictions are exploring co-sourcing to retain control over local oversight functions while gaining access to specialist support across reporting, compliance, and investor servicing.

In the UK, a deep base of asset managers and institutional investors—particularly in London—has driven demand for hybrid solutions that balance internal infrastructure with external expertise. This trend is especially relevant for firms managing multi-jurisdictional portfolios or operating under FCA regulation, where operational flexibility and robust data governance are critical.

Across these centres, co-sourcing is emerging as a practical and strategic way to scale operations, enhance governance, and adapt to evolving regulatory and investor expectations.

A strategic shift that’s here to stay?

As fund operations become more complex and investor demands continue to rise, co-sourcing is emerging as a key consideration for many fund managers. This hybrid approach offers managers greater flexibility, improved cost efficiency, and enhanced control over risk—while allowing them to retain oversight of core strategic functions.

Rather than being a passing trend, co-sourcing represents a long-term shift in how fund managers build resilient and scalable operational frameworks. By combining internal expertise with targeted external support, firms across jurisdictions are better positioned to meet the operational demands of modern fund structures—adapting to change while maintaining control.

How we help

At Belasko, we understand the operational and regulatory complexities that fund managers face and we’re working with clients to design and implement co-sourcing models that strike the right balance between internal control and external efficiency.

By combining our deep technical expertise with modern infrastructure, we enable clients to retain strategic oversight while benefiting from tailored support that drives scalability, resilience, and transparency.

We help clients navigate evolving regulatory landscapes, streamline operational processes, and integrate technology effectively—ensuring they remain agile and competitive in a rapidly changing environment.

If you’d like to speak to our team about building a co-sourcing solution tailored to your fund structure and jurisdiction, please get in touch with Greg McKenzie at: [email protected] or Alice Heald at: [email protected].

Alice Heald[1] Allvue Co-Sourcing Whitepaper (2024)

[2] Allvue Co-Sourcing Whitepaper (2024)

[3] https://www.alfi.lu/en-gb/pages/industry-statistics/luxembourg

[4] How Co-Sourcing Partnerships are Enhancing Private Capital Funds Operations – LPEA

[5] https://www.jerseyfinance.je/jersey-the-finance-centre/sectors/funds/

[6] https://www.gfsc.gg/industry-sectors/investment/statistics

Top Five Tips for Female Allyship

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In a workplace where women face unique challenges, fostering allyship is crucial. Jasmine Le Maistre, Finance Officer in the UK, highlights five top tips for being an ally, such as listening, challenging bias, and celebrating women’s successes. Through mentorship, education, and open conversations, she encourages everyone to help create a more supportive and inclusive environment for women.

Listening

Making the time and actively listening to your female employees can enable you to learn from their experiences and perspectives. Listening to people and enabling voices to be heard allows not only personal development but a more trusting and supportive environment.

Mentorship

We highly value the importance of mentorship in the workplace at Belasko, along with building multigenerational friendships. Having a support network in place and people to turn to, who may share your experiences, enables a more comfortable workplace.

Challenge bias

Calling out any unconscious or conscious bias you witness, or harmful attitudes and behaviours enables a more supportive work environment for female employees. If you hear anything sexist or biased, you can calmly speak to the person about what they have said or walk away from the situation, if you are concerned speak to a manager. Do not promote the biased behaviour.

Education

It’s good to say to call out behaviour (as above) but what if you are unsure of what this behaviour constitutes? The key is education, research typical bias towards women in the workplace, work on identifying if you can see these items in your workplace, or identify if you have any unconscious bias yourself. Being able to provide allyship requires an understanding of the issues faced.

Celebration

The final and most fun tip, to celebrate achievements! By highlighting female contributions, successes, awards, you build a strong level of trust and respect with your colleagues. Work can be difficult, but supporting your team and celebrating the wins can definitely make it a little less difficult.

By following these simple steps, we can all contribute to a more inclusive and empowering workplace for women. Allyship is not just about acknowledging the challenges women face but actively supporting and uplifting them, creating an environment where everyone can thrive.

Author: Jasmine Le Maistre, Finance Officer, UK

Catch the spirit of International Women’s Day with Belasko!

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Ahead of International Women’s Day this weekend, we asked our employees to share the female role models who inspire them the most. From trailblazing leaders and historical figures to mothers, sisters, daughters and colleagues, their responses reflect the incredible impact that women have on our lives, workplaces, and society.

View the video here

Murielle Nya

Client Service Lead
Based in: Luxembourg

I refer to all women who have shaped our history as they paved the way for future generations and therefore all stand out as an inspiration to make the world a better place.

Jessica Savery

Fund and Corporate Officer
Based in: Luxembourg

The female leader who inspires me most is Emmeline Pankhurst for her fundamental work in the women’s suffragette movement.

Meriem Sala

Legal and Corporate Officer
Based in: Luxembourg

My role model is Christine Lagarde, a pioneering leader who has broken barriers in global finance. As the first woman to head both the European Central Bank and the IMF, she embodies the spirit of ‘who run the world, girls!’, inspiring women to lead and shape the future.

Karolina Czerwonka

Fund and Corporate Officer
Based in: Luxembourg

The female leader who inspires me is Maria Sklodowska Curie as she was the first woman to be awarded a Nobel Prize.

Callum Wilson

Senior Legal & Corporate Officer
Based in: Luxembourg

My own Mum: The embodiment of empathy, compassion, love, dedication and is strong beyond all measure.

Patti Smith: A trailblazing powerhouse who laid foundations for men and women alike to express themselves through art, music and writings.

Philippe Paul

Head of Investor Onboarding
Based in: Luxembourg

While I don’t have a specific name in mind, I would like to recognise the unknown women, those women we don’t talk about. The nameless women who deserve all the praise but never get it – so I’m taking a moment to think about them!

Peter Toft

Risk and Compliance Director
Based in: Luxembourg

I think several things make Serena Williams stand out as a role model. Firstly her work and training ethic and discipline that make her one of the greatest female athletes. But also, maybe even more, she had the mental capacity to come back after many setbacks, not only being injured but also discriminated against.

Greg McKenzie

Country Head of Luxembourg
Based in: Luxembourg

My grandmother, Estelle, is my female role model—quite possibly the hardest-working person I’ve ever known. Despite limited means, she raised five children while balancing countless responsibilities with unwavering resilience, dedication, and grace. Those values have been a guiding influence throughout my life.

Nick McHardy

Head of Fund Operations
Based in: London

Dame Judi Dench has made a massive contribution to the Arts through hard work, humility and her respect for others.

Ed Green

CEO
Based in: UK

The female leader who inspires me is Queen Elizabeth for her unflappable demeanour and for holding her own with fifteen different prime ministers.

Paul Lawrence

Group Managing Director
Based in: Jersey

Female leader who inspires me is Margaret Thatcher. She was more than just the first female UK Prime Minister, she was the longest serving Prime Minister of the 20th Century.  As a result she not only transformed the UK political landscape, she put the UK economy on a different trajectory by leading free market principles and the privatisation a number of state owned entities.  She was also a major contributor to the end of the Cold War.

She was often referred to as the “Iron Lady”, displaying the unwavering determination and resilience that would serve as an example to us all and undoubtedly served as a role model for women paving the way for many to follow her example.

Sandeep Lamba

Head of Fund Operations
Based in: Jersey

God cannot be everywhere and therefore he created my Mother. Mrs Jasbir Bholaram Lamba, my mother, inspires me with her humble take on life – to have patience, keep faith, never give up on your focus in life, maintain harmony, be God loving and always respect family and your elders. No wonder we call our home Mother Earth.

Adrian Franklin

Head of Operations
Based in: Jersey

Woman who inspires me most is Alice Franklin. Alice Franklin is my niece, and is a Graduate of the University of East Anglia. Alice has recently published her debut novel called Life Hacks for a Little Alien which is a heartwarming story about the linguistic awakening of a neurodiverse girl and her experiences in life. It is a very funny and relatable book that is a fantastic and inspirational achievement for Alice.

Liliana McDonnell

Financial Controller
Based in: Jersey

Female leader who inspires me most is Amal Clooney for her fearless advocacy!

Marylin Ajanaku

Operations Project Manager
Based in: UK

Female leader who inspires me most is Bozoma Saint John.

Alice Heald

Head of Marketing
Based in: Jersey

Female leader who inspires me most is Michelle Obama as she is a beacon of inspiration, proving that leadership is about resilience, leading by example and empowering others. A favourite quote of mine she once said is: “Don’t ever underestimate the importance you can have, because history has shown us that courage can be contagious, and hope can take on a life of its own.”

Alex Le Prevost

Associate Director
Based in: Guernsey

My female role models are my mother, wife and two daughters.

My mother for being the ultimate rock to our family through thick and thin, my wife for being a general superstar and fantastic role model to our kids and my two girls, who navigate their young lives with a smile and determination.

Hannah Dunnell

Guernsey Managing Director
Based in: Guernsey

Margaret Thatcher is my female role model, not necessarily for her policy or decisions (or shoulder pads for that matter) but because she paved a way for women being respected and accepted in senior leadership roles and exemplified the impact a female perspective can have in a multitude of situations.

Dom Rice

Manager
Based in: Guernsey

I chose my mum as my female role model because she has always inspired me by her grit and determination to tackle all life’s challenges head on.

Keeleigh Le Tissier

Senior Manager
Based in: Guernsey

I chose Hannah Dunnell (our Guernsey MD) as my role model as since I have been in the finance industry, she has always set a great example of empowering and educating women, and I would never have achieved what I have if it wasn’t for her leading the way.

Anna Robinson

HR Administrator
Based in: UK

My sisters inspire me in so many ways. Esmé’s resilience and strength drive her to do the best in everything she puts her mind to, while Amy’s hard work, supportive nature, and unwavering encouragement uplifts those she loves. Together, they remind people they are capable and worthy of anything they set their mind to, and they inspire me to be the best version of myself every day.

Georgi Krumov

Junior Accountant
Based in: UK

My mum inspires me as she has proven many times that anything is possible and your dreams can come true if you really desire it.

Kwesi Francis

CDD Team Lead
Based in: UK

I chose Dr Gladys West as an inspirational woman because her pioneering work in mathematical modelling was crucial to the development of GPS technology. Her contributions have had a profound impact on modern navigation.

Mariam Sunmonu

CDD Analyst
Based in: UK

My Mum was the true definition of a virtuous woman. She showed me how to be a great mum, supportive and loving spouse, trustworthy friend, kind & hospitable and most importantly she led me to God.

My Older sister inspires me by her act of service, her resilience through life’s challenges as a sole carer of four kids who also manages her business, she discharges her roles effortlessly. She is also very hospitable and has impeccable entrepreneurship skills. She is now my mum and my best friend.

Nassim Ait-Kaci

Junior Accountant
Based in: UK

I chose Katniss Everdeen as she embodies courage, resilience & selflessness. She defies tyranny, protects the vulnerable and sparks a revolution. Willing to die without fear, her love for her family fuels her bravery, proving that even against all odds, one voice is enough to ignite change. She inspires defiance, hope and strength!

Sugees Mahen

Head of Fund Accounting
Based in: UK

My wife is my greatest source inspiration, where she supports me 100% and doesn’t judge me for anything I do.

Join us in celebrating the resilience, strength, and inspiration of these remarkable women as we continue to champion gender equality and empowerment.

Happy International Women’s Day from Belasko!

A Day in the Life of a Working Mum by Liliana McDonnell

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Juggling a career and motherhood is no easy task and here, our very own Liliana McDonnell, Financial Controller in our Jersey office, shares how she balances her role at Belasko with her most important job of all—being a mummy…

Being a full-time working mum isn’t an easy task but being blessed with my beautiful toddler (who is 3 years old) and knowing I’m able to give her the best possible start in life, makes me extremely grateful.

Here’s a little glimpse into an average day in our lives…

Rise and shine!

Most weekdays start with a 5-6am wake-up — I’m definitely a morning person! My brain feels the sharpest and I have the most energy first thing in the morning (plus, those early bedtime snuggles with my little one are something I live for).

I try to make it to the gym at least three times a week (though life doesn’t always cooperate). On the days my husband does the nursery drop-off, I lay out my daughter’s clothes the night before to make the mornings run smoother. More often than not, both of them are still fast asleep when I leave for my early start so I give them each a kiss before heading out the door.

In the office before 8am

Having the flexibility to work 8-4 instead of the traditional 9-5 means I can get into the office early (there’s nothing more productive than a quiet office!) and leave before the 5pm rush if I’m on the nursery pick-up duties.

My day always starts with a peppermint tea (yes, even before coffee!). Once I’m logged on, my first priority is reviewing the team calendar and workload to ensure we’re on track with any upcoming or due deliverables. After a quick catch-up with my boss to flag any potentially urgent matters, I always make time to check in with the team, ensuring they are happy with their deliverables for the day before diving into my own work

Busy day in the office!

My workdays absolutely fly by! Working in a busy, challenging environment allows me to thrive, there’s absolutely no time for clock-watching, and before I know it, it’s time to log off and switch off for the day.

Nursey pick-up…

No matter how many pick up’s I’ve done, I’m always just as excited as the very first one to grab my little one, she is a full-on mummy’s girl and regularly reminds me, “You’re my best friend, Mummy.” It’s the little moments like these that make all the hard work worth it!

After lots of excitement and cuddles, we say goodbye to her friends and head home. We’re extremely lucky to live by the sea, with a beautiful marina just steps away from our door. On lighter evenings, we love taking a walk along the coast. My little one adores seeing all the boats, and a well-deserved ice cream treat after her busy day at nursery. It is hard work being a three-year-old!

5-5.30pm — Home time

This is where the evening madness begins! I’m the sole cook in the house, so while my husband is making his way home, I’m juggling dinner prep and bath-time planning.

My husband is usually home by 5.30pm and takes over bath duties while I dive into full chef mode. I absolutely love cooking and find it therapeutic (most of the time, anyway!).

6pm — Dinner time

Yes, we like to eat early in our house. Our little one tends to enjoy a second dinner with us (she’s a foodie like her Mama!) and loves filling us in on her day, usually involving lots of arts and crafts and a story or two (featuring a mermaid or a unicorn).

6.30/7pm — Time for bed

As a very busy three-year-old, bedtime comes early and it includes a good book (or four!). Our little bookworm has quite the collection, and with her love of mermaids, there’s guaranteed to be at least one mermaid tale in the mix.

I usually handle bedtime, it’s honestly my favourite part of the day. After my husband gives his goodnight cuddles, it’s time for me and my exhausted little love to snuggle up until she drifts off into dreamland.

Time out…

Once my little one is fast asleep, it’s time for some much-needed grown-up time with my husband. We catch up on our day, but mostly, we end up chatting about our daughter’s day and all her adventures!

I love to wind down with a good book (I’m a sucker for a thriller!) and, although I do enjoy a little social media scroll, I try to be strict with myself and prioritise reading before bed. Meanwhile, my husband gets his football fix (I’ll happily give that a miss).

Bedtime

I’m rarely awake past 10pm — beauty sleep is essential! After a final check on my little sleeping beauty (and a few extra kisses while trying not to wake her!), I’m off to bed to re-energise and reset before we do it all again tomorrow, good night!

Hats off to all the working parents out there – you are absolute superheroes! Balancing careers, family life, and everything in between isn’t easy, but we do it and we do it with a smile (and the occasional wine or five!!).

Author: Liliana McDonnell, Financial Controller, Jersey

Shaping the future: Jersey’s role in global finance amidst market shifts

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Jersey’s finance industry finds itself at the intersection of global economic shifts, geopolitical uncertainty, and a stabilising interest rate environment.

With growth in private capital assets set to reach even greater heights, Preqin predicts growth of $30 trillion in global alternative assets under management (AUM) by 2030 (up from $16.8 trillion expected by 2025)[1]. Following a challenging period, venture capital managers anticipate a rebound in 2025, although private debt remains the darling asset class. Despite a more cautious recent investor sentiment awaiting a more stable and predictable interest rate environment private debt is projected to reach $2.9 trillion by 2029.

Recent discussions at key industry events highlighted the evolving landscape and the opportunities for growth on the horizon for Jersey’s financial services sector.

Navigating Trump 2.0: A changing global investment landscape

Geoff Cook recently shared his views on how the return of Donald Trump to the White House is set to reshape global investment dynamics[2]. Trump administration’s ‘America First’ policies, renewed focus on trade protectionism, and shifts in tax regulations will impact financial centres worldwide. For small-state international finance centres (IFCs) like Jersey, this presents both challenges and opportunities.

  • Global risk and investment flows: A second Trump presidency will reshape global investment dynamics. His policies on trade, diplomacy, and foreign relations could create volatility but also opportunities for IFCs as investors seek stable jurisdictions amid geopolitical uncertainty.
  • Tariffs and supply chain adjustments: We are already seeing Trump take a firm stance on tariffs, driving protectionist measures and reshaping global trade. This could disrupt supply chains, raise inflation, and impact industries like EVs, tech, and agriculture. IFCs could play a pivotal role in facilitating capital flows, supporting companies relocating production and diversifying supply chains to mitigate tariff risks.
  • Tax and corporate structures: Trump’s return to office will almost certainly challenge the OECD’s Pillar two initiative on Base Erosion and Profit Shifting. Although the OECD’s push for a 15% global minimum tax rate has gained traction, Trump is likely to re-evaluate this initiative for the US. His proposed two-tier corporate tax system could see ‘Made in America’ firms benefit from a 15% rate, while foreign companies continue to pay 21%. This approach may drive renewed interest in tax-efficient jurisdictions, making IFCs more attractive for multinational corporations and capital flows.
  • Tech and geopolitical friction: The ongoing US-China tech standoff will shape investment trends, deepening the global technological divide. IFCs are well-positioned to attract fintech and blockchain ventures, reinforcing their roles as key players in the evolving global tech landscape.
  • Trade and digital transformation: Global trade is shifting from multilateral agreements to regional and bilateral deals, potentially sidelining institutions like the World Trade Organisation. IFCs could play a growing role in facilitating regional trade agreements and digital trading hubs. Meanwhile, a more crypto-friendly U.S. administration may accelerate the integration of digital assets into global trade, offering new opportunities for private capital investors.

UK economy: A mixed outlook

The UK’s economic outlook remains uncertain, yet it continues to attract significant international investment. According to PwC’s Annual Global CEO Survey[3], the UK has risen to become the second-most attractive global destination for international investment, ranking behind only the US. With a new Labour government prioritising economic growth, investment opportunities may continue to expand. Although a softer tone is being taken by Trump towards the UK for now, potential disruptions from his trade policies risks softening UK exports, contributing further to global inflationary pressures.

While UK growth in 2025 is expected to be sluggish, it remains more positive than the EU average. As a close financial partner to the UK, Jersey is well positioned to support investment structures that navigate these shifting dynamics.

Jersey’s competitive edge: seizing the moment

Jersey’s finance industry is well-positioned to capitalise on global shifts, supported by a stable regulatory and tax environment. Key opportunities include expanding Jersey’s role in UK real estate, private equity, and venture capital—particularly in tech. The Island’s appeal as a hub for VC investment continues to grow, with Monterey data reporting that 246 VC funds were launched in Jersey in 2024. At the same time, Jersey should continue strengthening ties with promoters in the US, Middle East, and Asia, who are looking to leverage the opportunities presented by AIFMD II.

To attract business to the Island, Jersey needs to continue enhancing product offerings and regulatory frameworks. Jersey Finance noted at their Global Horizons event, the key developments in 2024 that will continue to be a focus in 2025. These included the expansion of Limited Liability Companies (LLCs) for broader use cases, updates to the Jersey Private Fund (JPF) Guide to align with professional investor needs, legislative amendments for limited partnerships to incorporate digitalisation and tokenisation frameworks, and potential new regimes for carried interest vehicles and European Long-Term Asset Funds (ELTAF).

In terms of market focus and expanding the island’s global reach, the US is set to offer great opportunities for Jersey, particularly for private wealth in hubs like Miami, New York and even LA. With continued growth taking place in the Middle East, the region is still a key focus for Jersey for both the private wealth and funds industries. Saudi Arabia is showing growing potential as well as Dubai which continues to be one of the biggest market opportunities for Jersey globally. In Kenya and South Africa, opportunities for private wealth, private equity and infrastructure are emerging and Jersey is well-positioned to support HNWIs, family offices, and businesses seeking international finance solutions as interest in global diversification is on the rise.

Key themes set to shape the future of Jersey

Tokenisation: Tokenisation is seen as a critical area for Jersey’s future in the funds industry. As the financial world increasingly embraces digital transformation, tokenisation is gaining traction. Jersey, with its well-established legal and regulatory framework, is positioned to be a leading jurisdiction for the tokenisation of assets.

Islamic finance: Islamic finance continues to offer substantial growth opportunities and Jersey is solidifying its position as a stable and credible jurisdiction of choice for Islamic finance products. The island’s flexibility in structuring Sharia-compliant investment vehicles make it an attractive destination for the structuring of Islamic finance deals, including Private Funds (JPFs) and structured finance transactions.

Women in wealth: The increasing leadership of women in wealth management is a powerful trend, with more HNW families being led by women. Over the past decade, female participation in wealth management and leadership roles has doubled, reflecting broader societal shifts toward gender equality. In particular, as more Middle Eastern women seek stable, confidential, and Shariah-compliant solutions, Jersey offers a robust financial ecosystem with secure wealth structuring, governance, and succession planning options.

Positioning Jersey for the future

As global markets evolve, Jersey’s finance industry must remain agile, proactive, and outward-looking. By leveraging its regulatory strengths, digital infrastructure, and global partnerships, Jersey is well-positioned to thrive in 2025 and beyond. With a focus on alternative assets, private wealth, and innovation, the island will continue to cement its status as a premier international finance centre in a rapidly changing world.

At Belasko, we provide innovative fund administration, corporate services, and private wealth solutions in Guernsey, Jersey, the UK and Luxembourg. With a commitment to delivering bespoke, high-quality services, Belasko partners with fund managers, high-net-worth individuals, families, and entrepreneurs. Powered by leading technology, Belasko’s helps clients navigate complex financial landscapes, unlocking new opportunities and achieving success.

We look forward to another year of growth and collaboration with our partners across the world. If you’re interested in discussing our Jersey offering in more detail, get in touch with Paul Lawrence ([email protected]).

[1] https://www.preqin.com/insights/research/blogs/preqin-forecasts-global-alternatives-aum-to-rise-to-usd29-22tn-by-2029

[2] https://international-adviser.com/geoff-cook-on-global-trends-amid-trump-inauguration/

[3] https://www.pwc.co.uk/press-room/press-releases/research-commentary/2024/global-ceos-rank-uk-most-important-market-after-us—pwc-s-28th-.html

The Surge of Continuation Funds in Private Equity

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A new era in private equity solutions

In the evolving landscape of private equity, continuation funds—also known as GP-led secondary transactions—are experiencing unprecedented growth. According to recent data, the number of these funds grew by 48%, reaching 73, with Preqin noting 25 additional vehicles already in 2024[1]. This surge reflects a fundamental shift in how general partners (GPs) manage high-potential assets, allowing them to extend their holding period beyond a traditional fund’s lifecycle.

By moving selected assets into a continuation fund, GPs can continue executing strategic initiatives for key assets, providing a flexible solution to market demands and investor preferences alike.

Nick McHardy, our Head of Funds at Belasko, and Sam Kay, a London-based private equity funds partner at the international law firm Dechert, share their views on the growing interest in continuation funds and adoption of these fund structures globally.

Why continuation funds are the preferred choice for modern GPs and LPs

Unlocking extended value creation

A primary driver for the popularity of continuation funds is the extended runway they provide for asset management and growth. Traditional private equity structures, often capped at a 10-year lifespan, can constrain GPs from fully capitalising on the potential of high-performing assets.

Continuation funds empower GPs to continue their strategic initiatives, ultimately enhancing value for investors. In the first half of 2024, GP-led transactions accounted for $31 billion, making up 43% of the total secondary market volume[2]. This reflects a 94% increase compared to the same period in 2023, driven by strong demand for continuation funds and the adoption of GP-led structures by sponsors seeking liquidity for LPs and extended holding periods for valuable assets[3].​

Liquidity with flexibility

Continuation funds introduce a new level of liquidity and flexibility for limited partners (LPs). LPs can choose to cash out or reinvest in the continuation fund, accommodating their unique capital requirements. In Coller Capital’s 40th Global Private Capital Barometer, the demand for continuation funds remains strong, with about half of surveyed LPs planning to access the secondaries market, including continuation fund structures, within the next two years[4].

Sam Kay comments that: “We are now seeing dedicated funds being raised to invest specifically into continuation funds and GP-led secondaries, which indicates the attractiveness of these opportunities for institutional investors.  In general, LPs are also increasingly sophisticated and are able to deal with the complexity of a continuation fund transaction”.

Strengthening GP-LP alignment

Continuation funds also foster a strong alignment of interests between GPs and LPs, ensuring GPs can retain control over key assets and adhere to the original fund objectives. This continuity can reassure both existing and new investors seeking stability and alignment in asset management strategies.  As Sam Kay notes “There are a number of tools for a GP to build alignment with its investor-base.  Over a number of years, we have witnessed the increase in co-investment activity and now we are seeing continuation funds being increasingly used.  With continuation funds, there is a real sense of GPs and LPs working together to create that ‘win-win’ situation”.

Adapting to market dynamics with continuation funds

As private equity markets mature, investors are prioritising flexibility and optimised returns over longer periods. The traditional private equity model’s rigid timelines often don’t cater to the evolving demands of sophisticated investors. Continuation funds, by offering dynamic investment options, present a modern alternative that accommodates changing market conditions and investor requirements.

In Dechert’s 2025 Global Private Equity Outlook[5], 65% of respondent private equity firms noted that the increase in GP-led secondaries dealmaking was being driven by the demand for flexible holding periods for portfolio companies. The increased transaction volume in this sector reflects its growing role in private equity, as GPs and LPs seek solutions that extend value beyond the limitations of conventional fund structures.

Global adoption of continuation funds: trends and insights

Regional hotspots for continuation funds

The adoption of continuation funds has varied across regions and North America remains a dominant player with over 60% of global GP-led secondary market activity originated in the US[6]. This reflects a continued strong appetite for these deals in the region, especially multi-asset continuation fund transactions. With its mature private equity market and sophisticated investor base, the U.S. has been quick to recognise the benefits of continuation funds.

In Europe, countries like the UK and Germany continue to show significant momentum as investors embrace continuation funds for enhanced asset management and liquidity solutions. Meanwhile, in Asia, regions such as China, Japan, and India are beginning to explore these vehicles as private equity activity intensifies, driving a need for flexible investment options.

“The responses in our 2025 Global Private Equity Outlook back up these trends” says Dechert’s Sam Kay.  “It is encouraging for, globally, almost a fifth of private equity firms (17%) are expecting to increase dealmaking through GP-led secondaries over the next two years but there are regional differences: in North America, the figure rises to 22% whereas in EMEA it is 14% and Asia-Pacific it is 10%”.

Comparing continuation funds and secondary funds

Continuation funds: meeting evolving investment needs

Continuation funds mark a transformative shift in the private equity landscape. Their rise addresses a critical need for extended value creation, tailored liquidity options, and alignment with investor interests. As market dynamics continue to evolve, the strategic advantages of continuation funds are anticipated to fuel their growth, offering investors and fund managers flexible solutions to adapt to a complex investment landscape.

How Belasko can support your fund continuation strategy

As a next-generation fund administration partner, Belasko provides a tech-driven approach focused on delivering customised client solutions. Our full scope, tailored fund administration services are designed to drive performance throughout the fund lifecycle – from establishment and capital deployment to realisation and wind up, we’re the experts when it comes to streamlining your operations.

Our experienced team of 120 experts, strategically located across the United Kingdom, Luxembourg, Jersey, and Guernsey, ensures precise, professional service across multiple asset classes. With over $12 billion in assets under administration (AUA), Belasko is well-equipped to offer personalised, innovative support for your continuation fund needs.

Get in touch with Nick McHardy ([email protected]) to discuss further.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. Its 1,000+ lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors. Dechert’s global Secondaries and Sponsor-led Liquidity Solutions team has been involved in secondaries transactions for over two decades, advising sponsors, buyers and sellers on all types of GP and LP-led transactions and liquidity solutions, ranging from ordinary course sales of LP interests, to the most complex single and multi-asset continuation funds involving significant M&A transactions, NAV facilities, preferred equity funding and structured solutions. Find out more at www.dechert.com.

[1] Preqin, “Continuation Fund Vehicles 2023 Report”

[2] https://www.blackrock.com/institutions/en-us/insights/market-update-h2-2024

[3] https://www.jefferies.com/insights/the-big-picture/mid-year-review-a-record-breaking-1h-of-2024-for-the-secondary-market/

[4] https://www.collercapital.com/40th-barometer-allocations-distributions/

[5] https://www.dechert.com/knowledge/publication/global-private-equity-outlook.html

[6] https://www.secondariesinvestor.com/gps-look-to-multi-asset-continuation-funds-for-dpi-campbell-lutyens/

Six Key Venture Capital Trends to Watch in 2025

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With 2025 activity well under-way, the venture capital landscape is poised for a dynamic resurgence, teeming with opportunities despite lingering economic uncertainties. The global venture capital investment market is projected to reach approximately $764.78 billion by 2029, with it growing from $301.78billion in 2024 to $364.19 billion in 2025[1].

On top of that, VC fundraising activity is also expected to surpass 2024 levels in 2025 with capital to be raised for this year projected at approximately $90 billion, compared with $71 billion in 2024 through mid-November[2].

In 2025, the biggest opportunities for venture capital are in transformative technologies like artificial intelligence (AI), which is dominating investment activity. While healthcare and sustainability are also attracting attention, the expansion of AI applications into these areas is further driving investment growth. Green technologies, spurred by ESG mandates and climate-conscious investors, are gaining momentum as governments prioritise sustainability goals. Meanwhile, healthcare innovation continues to attract substantial funding, with startups focusing on digital health, personalised medicine, and biotech breakthroughs leading the charge.

For VC investors, 2025 presents a year of recalibration and opportunity, where strategic investments in high-growth sectors could yield significant returns. Here we layout the six key trends that highlights how the industry is evolving and where the focus is shifting.

1. AI investment surge

At the end of 2024, venture capital investment in artificial intelligence (AI) reached unprecedented levels. VC activity in generative AI has grown exponentially since the release of OpenAI’s ChatGPT in late 2022. In 2024, this trend reached new heights with global venture capital investment in GenAI reaching around $45 billion in 2024, up from $24 billion in 2023[3]. This momentum is fuelled by the transformative potential of GenAI across various sectors, from healthcare to finance. As AI continues to innovate and find commercial applications, venture capital is increasingly pouring into the sector, marking 2024 as a milestone year in AI investment. Read more on this trend in EY’s article here.

2. The rise of mega-deals and emerging unicorns

The proliferation of unicorns—private startups valued at over $1 billion—continues to be a focal point of venture capital activity. Globally, the number of unicorns surpassed 1,200 by May 2024[4], with some hectocorns valued at over $100 billion, such as ByteDance (the Chinese company behind TikTok)[5]. However, Europe’s unicorn herd experienced limited growth in 2024. According to PitchBook, only 14 startups in Europe reached unicorn status last year, the same as in 2023 and down nearly 70% from the peak in 2022[6].

This stagnation reflects tighter market conditions and cautious investment strategies. Nevertheless, venture capitalists are optimistic about a rebound in dealmaking and valuations in 2025, particularly driven by the thriving AI sector. Many anticipate a renewed surge of European startups crossing the €1 billion valuation threshold this year, with AI companies leading the way.

3. Healthcare innovation continues to thrive

Venture capital is pouring into healthcare innovation, with startups focused on digital health, personalised medicine, and biotech breakthroughs leading the charge. These advancements are not only improving patient care but also reshaping the future of healthcare systems globally. As the sector evolves, the intersection of AI and healthcare is expected to attract further investment, offering huge growth potential for innovative startups in 2025.

4. Momentum in green technologies

Green technologies are gaining increasing momentum, driven by ESG mandates and a wave of climate-conscious investors. With governments prioritising sustainability goals, the demand for clean energy, carbon capture, and sustainable infrastructure solutions is expected to rise sharply. As the market matures, startups in these sectors are attracting substantial venture capital, offering huge potential for growth in 2025.

5. Private wealth fuelling emerging VC firms

Private wealth is becoming an increasingly vital source of capital for emerging venture capital firms. Family offices and high-net-worth individuals are allocating significant portions of their portfolios to private markets, providing a lifeline for up-and-coming VCs. This trend is expected to continue, with private wealth set to deploy approximately $7 trillion to private markets by 2033[7]. These trends underscore the evolving nature of the VC landscape, highlighting areas where innovation and investment are converging to shape the future.

6. Channel Islands offering speed to market for VC funds

The choice of fund domicile is playing an increasingly critical role in VC fund establishment, with the Channel Islands and Luxembourg leading the way. For emerging managers, jurisdictions like Guernsey and Jersey are appealing due to their simplicity, investor familiarity, and speed to market. These jurisdictions offer a lower-cost and less administratively burdensome alternative to some European domiciles while maintaining high regulatory standards.

Guernsey, in particular, remains a premier jurisdiction for European venture capital funds. Twice as many VC funds were raised in Guernsey during 2022-2023 as compared to the next most popular jurisdiction. Its appeal lies in a responsive regulatory environment, a deep talent pool, and an ecosystem that fosters innovation.

A year of renewed optimism

This year venture capital is primed for a year of renewed optimism, with transformative technologies, healthcare innovation, and green technologies leading the way. As AI continues to dominate, sectors like biotech and sustainable solutions are seeing increasing investments, driven by both global demand and evolving market dynamics. With this backdrop, 2025 could very well be the tipping point for a new era of investment-driven transformation.

As a leading fund administrator, Belasko have deep experience supporting VC managers. Our partnership-driven approach, under-pinned by leading technology, offers end-to-end fund administration solutions tailored to support your optimal operating model. Get in touch if you’d like to discuss how Belasko can support your journey: [email protected].

[1] https://www.thebusinessresearchcompany.com/report/venture-capital-investment-global-market-report

[2] https://pitchbook.com/news/articles/vc-outlook-fund-distributions-will-rebound-in-2025

[3] https://www.ey.com/en_ie/newsroom/2024/12/venture-capital-investment-in-generative-ai-almost-doubles-globally-in-2024-as-momentum-accelerates-in-transformative-sector

[4] https://www.cbinsights.com/research-unicorn-companies

[5] https://www.forbes.com/councils/forbesfinancecouncil/2024/11/19/five-critical-venture-capital-trends-to-watch-in-2025/

[6] https://pitchbook.com/news/articles/europes-soonicorns-who-will-reach-a-1b-valuation-in-2025

[7] https://pitchbook.com/news/articles/private-wealth-offers-lifeline-for-emerging-vcs

Belasko Appoints Paul Nayar as Chief Financial & Operations Officer

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[Jersey, Channel Islands – 20 January, 2025] – Belasko is pleased to announce the appointment of Paul Nayar as Chief Financial & Operations Officer (CFOO), effective 2 January, 2025. Based in the Jersey office, Paul will play a pivotal role in driving Belasko’s strategic objectives and operational excellence.

Paul brings over 30 years’ experience in the international finance industry, with an extensive track record in senior leadership roles. Most recently, he served as Group Chief Financial Officer at Crestbridge Group, where he led the financial strategy that underpinned significant organic growth. His career also includes leadership positions at Zedra, Santander, and RBS International.

With a deep understanding of multi-jurisdictional businesses operating in dynamic global markets, Paul excels in shaping strategic agendas and delivering impactful results through a collaborative, client-focused approach.

Belasko’s CEO, Edward Green, expressed his enthusiasm for Paul’s appointment:
“We are thrilled to welcome Paul to Belasko. His wealth of experience, strategic insight, and leadership capabilities make him an invaluable addition to our team. As we pursue ambitious financial, commercial, and operational goals for 2025 and beyond, Paul’s expertise will be instrumental in elevating our platform and delivering exceptional client service through our talented people.”

Paul Nayar also shared his excitement about joining Belasko:
“I am delighted to join Belasko at such an exciting time in its journey. I look forward to collaborating with the team to build on the firm’s strong foundation and help drive its strategic vision.”

Paul’s appointment marks an exciting chapter for Belasko as the company continues to expand its footprint and innovate across its service offerings.

About Belasko

Belasko is a leading fund and fiduciary firm specialising in fund administration, corporate services, and private wealth solutions. Operating across multiple jurisdictions, Belasko delivers tailored, tech driven, high-quality services to global fund managers, high-net-worth individuals, families, and entrepreneurs.

For media inquiries, please contact:
Alice Heald
Group Head of Marketing, Belasko
[email protected]

Belasko 2024: Year in Review

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Belasko 2024: Year in Review

As the year draws to a close, our CEO Ed Green, takes a moment to reflect on Belasko’s performance and achievements in 2024.

I am pleased to report on a period of growth, innovation, and dedication across all areas of Belasko. Despite a challenging global environment, our achievements underscore the strength of our strategy, the commitment of our team, and the trust placed in us by our clients.

Strong financial performance

2024 has been another strong year for the business. We are finishing the year with significant revenue growth, reflecting a consistent double-digit compound annual growth rate (+25% over the past five years), supported by a robust operational presence across our four strategic European locations in the UK, Luxembourg, Jersey, and Guernsey. With growth being a key focus this year, we’re proud to have secured a number of significant new mandates joining the Belasko family.

As a business, we administer over $12 billion in assets reinforcing our position as a trusted partner for a global client base, backed by a dedicated workforce of over 120 talented professionals.

Continuing to build our technology and people platform

Belasko’s commitment to innovation and excellence remains at the forefront as we strengthen both our technological capabilities and our people-first approach.

This year, we launched our Belasko Client Portal, marking a transformative step in how clients access and manage their investments. The portal offers a seamless and secure digital experience, reaffirming our dedication to delivering cutting-edge solutions that simplify and enhance client interactions.

We’ve also made strategic investments in strengthening our team with notable hires in extending our fund accounting, technological innovation and marketing capabilities, bringing fresh perspectives and expertise to support our growth. These additions underline our focus on cultivating talent and ensuring that our workforce remains a driving force behind our success.

Moreover, we are proud to be advancing towards ISAE 3402 accreditation, a testament to our unwavering commitment to operational excellence, governance, and trust.

A people-first approach

At the heart of Belasko’s success is our people. This year, we’ve achieved a high retention rate of 84% highlighting that we continue to be a workplace where employees feel valued and supported.

The launch of our People & Culture Taskforce has further strengthened our internal community and has helped foster engagement, encourage collaboration across offices, and champion work-life balance initiatives. Among these was the STEPtember challenge where our teams logged an impressive 10.7 million steps – the equivalent of walking from London to Hong Kong! Beyond the numbers, it reinforced a spirit of camaraderie and promoted physical and mental well-being.

We’ve strived to continually support our team, enhancing employee benefits and introducing some additional initiatives aimed at improving work-life balance such as Flexi-Fridays and birthday holiday allowance.

Through our Belasko in Society initiative, we also focused on giving back. Partnering with Magic Breakfast, we raised funds equivalent to providing 285 weeks of breakfasts to a child or meals for 65 children for one month, supporting young learners in need.

Together, these efforts underscore Belasko’s dedication to being a people-first organisation.

Reaching new milestones

This year saw the opening of our London office, a significant step forward in our growth journey and a reflection of our ambition to grow alongside our clients.

Commitment to sustainability

Belasko’s commitment to sustainability remains a cornerstone of our operations. Our 2023 Sustainability Report, developed with Terra Instinct, highlighted key achievements, including maintaining low carbon emissions as part of our efforts to reduce our impact on the planet. With a workforce that is 49% female, we continue to champion diversity and inclusion while striving to minimise our environmental footprint.

Enhancing visibility in the market

Belasko’s presence and influence in the industry have grown significantly this year, thanks to strategic partnerships and active participation in key events and associations.

Our partnership with the BVCA has been a cornerstone of this strategy. By sponsoring three of their flagship events, including the Annual Summit and the Tax Policy Conference, we’ve positioned ourselves alongside leading voices in the private equity and venture capital space. This collaboration has provided invaluable opportunities to connect with industry leaders, showcase our expertise, and contribute to shaping discussions on critical topics impacting the sector.

We have actively engaged with local industry associations in Jersey, Guernsey, and Luxembourg, staying ahead of market trends and regulatory changes while strengthening our networks and sharing insights.

Belasko are also proud to have recently been awarded the Channel Islands Wealth Briefing Award for Client Lifecycle Management. This recognition reflects the success of our innovative approach to supporting clients through every stage of wealth creation, preservation, and transition.

Looking ahead to 2025

As we look to the future, I am excited about the opportunities that lie ahead. Our growth trajectory is hugely promising, and we are eager to expand our reach and capabilities while maintaining the high standards of service that define Belasko. Together, we will continue to build on our success, delivering exceptional value to our clients and stakeholders in 2025 and beyond.

Luxury and beyond: the role of lifestyle management for HNWIs

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High-net-worth (HNW) families and individuals often lead dynamic and complex lives, balancing professional commitments, personal interests, and diverse family priorities. According to Julius Baer’s Lifestyle Index, HNWIs are shifting toward experiential spending, prioritising meaningful travel and leisure activities that align with their personal values. This includes sustainable travel and experiences that combine luxury with impact, such as philanthropic or ESG activities.

Research highlights the increasing demand for personalised concierge and lifestyle management among HNWIs. A 2023 report by Knight Frank[1] indicated that 69% of ultra-high-net-worth individuals (UHNWIs) are focused on safeguarding their wealth and legacy, with concierge services playing a vital role in achieving these goals.

A structured approach to concierge services focuses on defining annual activities, reporting frameworks, and payment schedules to meet family needs. Luxury lifestyle consultancy Quintessentially[2] reported a 30% rise in demand for bespoke concierge services post-pandemic, reflecting a shift towards outsourcing complex personal and professional tasks.

In this article, we ​highlight how partnering with providers who offer a breadth of knowledge and support across concierge and lifestyle services can give tailored support that ensures seamless management of daily responsibilities, luxury assets, and long-term goals.

The demand for concierge and lifestyle needs

  • Emigration assistance: Supporting families with relocation logistics, immigration processes, and integration into new communities, ensuring a smooth transition across jurisdictions and enabling mobility overseas for HNWIs.
  • Global travel assistance: Offering bespoke travel planning and comprehensive logistics management, tailored to the specific needs and preferences of each client. Covering everything from creating luxurious itineraries with exclusive accommodations, private jet charters, and bespoke experiences, to managing last-minute changes or unforeseen circumstances.
  • Property oversight and management: HNWIs require comprehensive property management, ensuring residential and investment properties are meticulously maintained, staffed, and financially overseen. This includes scheduling regular maintenance, managing staff like security and housekeepers, and handling budgeting for upkeep, taxes, and insurance. Additionally, it involves ensuring compliance with local regulations and optimising rental income or investment returns, providing peace of mind and protecting the value of each property.
  • Family support: Engaging with families on a deeper, more personal level to address unique needs. This can cover anything from university arrangements for children or support for hobbies like equestrian activities or specific sports.
  • Luxury asset management: Expertise in overseeing and maintaining luxury assets collected and owned by a HNW family. This could include anything from aircraft, marine vessels/yacht management and high-value art collections, ensuring proper care, compliance, and insurance.
  • Private banking and tax support: Coordinating with private banking institutions and providing insights into global tax planning to optimise financial outcomes.
  • ESG integration: Advising families on how to embed ESG principles into wealth planning and investments, aligning financial strategies with sustainable values.

The Belasko solution

At Belasko, we provide comprehensive concierge and lifestyle management services, designed to enhance the lives of our HNW clients. Our key offerings include:

  • Lifestyle and travel planning: Crafting bespoke itineraries and managing travel logistics with precision.
  • Technology and data security: Implementing robust systems to safeguard sensitive family information.
  • Reducing friction in everyday life: Streamlining administrative and operational tasks to allow families to focus on their passions and priorities.
  • Family education and governance: Providing guidance on succession planning, financial education for the next generation, and establishing effective governance structures.
  • Administrative and personal support: Handling everything from scheduling and correspondence to arranging bespoke services and events.
  • Art and collectibles management: Offering expertise in curating, insuring, and managing high-value collections.

Enhancing everyday life

By offering a blend of practical support and personalised services, we ensure that HNW families can focus on what matters most—their goals and passions as well as wealth preservation and enjoyment. Whether navigating complex tax regulations, managing luxury assets, or integrating ESG values into wealth planning, our team is committed to taking the friction out of everyday life and providing exceptional value.

Through our holistic and tailored approach, Belasko delivers peace of mind, enabling families to embrace opportunities and enjoy a fulfilling lifestyle with the confidence that every detail is carefully managed.

If you’d like to find out how we can support you, get in touch with Ross Youngs ([email protected]).

[1] https://www.knightfrank.com/wealthreport

[2] Quintessentially Lifestyle Trends Report: https://www.quintessentially.com