By Matt Mulry, Dillon Eustace – Whether you’re looking to launch a private equity fund focused on venture capital, real estate, infrastructure, technology, energy, health care or art or a hedge fund focused on global macro, long/short equity, special situations, fixed-income or commodities the Cayman Islands is a great place to start.
Mourant Ozannes' investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.
The international finance centre of Guernsey has launched two of its new Private Investment Funds (PIFs), four months after the new structure was developed and released to the global investment community.
By Matt Mulry, Dillon Eustace – Cayman has seen a healthy increase in private equity funds year on year over the past decade. The popularity of Cayman private equity funds has been fuelled by both the evolution of hedge fund managers’ businesses into the private equity fund space and by the increased use of private equity funds to pursue distressed asset investments.
Carey Olsen's corporate team in Guernsey has been the first to establish a Guernsey Private Investment Fund (PIF) since the new class was introduced.
The Horseshoe Group was established in 2005 and is a leading provider of insurance management services to insurers, reinsurers, as well as insurance linked securities (ILS) structures such as sidecars and catastrophe bonds.
For managers who may already be using an onshore Delaware LLC, they now have the opportunity to use a Bermuda LLC as an offshore vehicle. This follows the formal introduction of the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operative on 1 October, 2016.
By Sally Penrose (pictured), Appleby – The Limited Liability Company Act 2016 (LLC Act) came into force on 1 October, 2016 and introduced into Bermuda its first new corporate structure in 100 years. Appleby is pleased to have been able to work closely with the legislature to ensure that Bermuda's existing funds law is simultaneously amended so that LLCs are available immediately for use in investment fund structures. Appleby are ideally placed to advice with respect to LLCs.
Bermuda's financial regulator, the Bermuda Monetary Authority, takes a risk-based approach to regulating and supervising the entities for which it is responsible, including investment funds, investment providers, fund administrators, trust companies, insurers and banks.
Jersey has introduced a new regulatory framework for private funds which the Jersey Financial Services Commission believes will enhance the island’s competitiveness as a jurisdiction in which to establish funds.