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Article: Cayman Islands Closed Ended Investment Funds Briefing.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 24, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Matthew Feargrieve works in Mourant du Feu & Jeune's London Office
Introduction
This briefing explains the attractions of the Cayman Islands closed ended investment fund for international managers, sponsors and investors.
The closed-ended fund regime in the Cayman Islands will be of interest to managers of private equity funds and funds with extended lock-in periods. The terms "private equity" and "closed-ended" are often used interchangeably, principally to differentiate funds of this type from "hedge" or "alternative" funds investing in liquid assets and giving investors the option to redeem their investments on regular liquidity dates. The ...