Our Wealth & Asset Management team can help your business comply with Private Funds Act, 2020. Find out how.
In 2020, the Cayman Islands Monetary Authority (CIMA) introduced the Private Funds Act now revised to the Private Funds Act (2021 Revision) (PFA) and there are 13,219 private funds registered with the CIMA as of 31 March 2021. The PFA requires private funds to file audite...
1. Private Funds Act 2020 On 7 February 2020 the Cayman Islands enacted the Private Funds Act 2020 bringing closed-ended investment funds within the scope of regulation by the Cayman Islands Monetary Authority’s (CIMA) for the first time. A transitional period allowed pre-existing “private fun...
According to Cayman Finance, the current projections indicate the 2024 year-end total will surpass 2023’s registrations, building on the steady growth of private funds since the introduction of the Private Funds Act in 2020. Last year saw 16,551 private funds, the previous high for registrations...
We set up stand-alone alternative investment funds, master-feeder funds, segregated portfolio umbrella fund structures for open-ended and closed ended fund structures. We also act as directors and supervisors forblockchain DAO's and senior advisers to blockchain projects, setting up Cayman foundations...
revised) (Private Funds Act) if they are closed-ended (which would include most private equity, venture capital, real estate, infrastructure and other funds investing in illiquid assets). The exceptions to this rule include single investor vehicles, proprietary investment vehicles and pension funds....
[3] Registration pursuant to the Private Funds Act, 2020 may be required [4] The Luxembourg law of 12 July 2013 on alternative investment fund managers implemented the AIFMD [5] The Luxembourg Collateral Law implemented Directive 2002/47/EC of 6 June 2002 on financial collateral arrangements [...
MG helps our clients by providing experienced and qualified professionals to act as directors to a diverse number of hedge funds and other types of investment companies. We add value in all matters they are involved with. Independent Directors ...
nicholas.pattman@conyers.com LinkedIn|vCard|Print Bio Nicholas Pattmanis a Partner in the London and Cayman Islands Corporate practice groups. His practice encompasses a broad range of corporate and finance matters, with a particular emphasis on venture capital, private equity and hedge funds. ...
Investment funds that fall within the definition of either a "mutual fund" under the Mutual Funds Act or a "private fund" under the Private Funds Act are required to be regulated by CIMA. A mutual fund is any company, unit trust or partnership (established or registered in the Cayman Islan...