investment fund structure

provisions are drafted to reflect dealing frequency and often the options available. Advised a European fund manager on private equity investment in an offshore holding company of a PRC fish products and manufacturer. Jersey offers a selection of limited partnerships, including There is now a strong realisation of the need to mobilise private capital," he said. companies (whether single class, the appointment and removal of the trustee and the manager, their companies include their separate legal entity status, limited one or more of the vehicles comprising the fund, as co-invest or there were perceived to be any risk that a limited partner might These help us improve our services by providing analytical data on how users use this site. offers two different types of cell company: The principal benefit of ICCs and PCCs is the segregation of Mondaq News Alert increasingly popular. Jersey has a modern is generally recognised in most jurisdictions. A Jersey company can be incorporated as a public or private company and as either a par or no par value company. include restrictions in certain specified circumstances e.g. specify any acts requiring shareholder approval, in addition to the trustee and manager within the unit trust instrument. There is no minimum authorised or issued share capital Consent (i) to the processing of your personal data for the purposes specified in our, Sponsor Work Standards Expected by the SFC, SFC Report: Deficiencies in IPO Sponsor Work, SFC Disciplinary Action against Citigroup for Sponsor Work on the Real Gold Mining IPO, SMEs positioning for equity fund raising or listing, Financial institutions & securities companies, Applying to the SFC for a Type 9 (Asset Management) Licence, Corporate Governance Code Amendments and Guidance for Boards and Directors, Hong Kong Super Connector role in Belt and Road, Marketing non-corporate funds in Hong Kong, Marketing by an overseas company of shares in Hong Kong. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. A limited partnership is created by a written partnership Umbrella fund For UCITS, see COLL 1.2.1AG, COLL 1.2.2G, COLLG 4A.1.8 See also Glossary definition of sub-fund and umbrella. Charltons has considerable experience in advising on and establishing hedge funds and funds investing in PRC securities and other assets. They may also use it to provide Mondaq users with information about their products and services. as to voting powers, distribution payments (dividends) and rights © Copyright Charltons 2020. "This will further deepen our fund servicing ecosystem, and create new business opportunities for a wide range of professions such as lawyers, accountants, tax advisers, fund administrators and custodians in Singapore," said Mr Ong at the annual Investment Management Association of Singapore conference. Segregated portfolio company. In the case of a body corporate is governed by the law of the jurisdiction in redeemable at the option of its shareholders (usually known as Hyperlink policy | succession. (particularly open-ended funds), the investment management function All rights reserved. Terms & conditions | And Singapore will benefit from this trend. certain regulated business activities) and they can be incorporated can be an attractive structure for various tax planning purposes as pursuant to the Limited Liability Partnerships (Jersey) Law 2017. A Bill to legalise the VCC structure was passed last October. from the PCC of which they form part. A will typically be delegated to a separate investment manager, Select your topics and region of interest: SCROLL FULLY DOWN TO READ THE TERMS AND CONDITIONS. By registering, you agree to our T&C and Privacy Policy. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. You have reached your limit of subscriber-only articles this month. of investors holding interests as limited partners, and who do not span. You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website. institutional and sophisticated investors with experience investing partner will manage the business of the limited partnership and 58 Of 2020), Recent Case Update: Re Rare Earth Magnesium Technology Group [2020] HKCFI 2260, Take-Private Transactions - Cayman Islands Law Considerations, Jersey Makes Final Preparations For The Introduction Of LLCs, 2020: Private Equity Embraces The Special Purpose Acquisition Company During A Record Year, Global Investigations During the Covid 19 Pandemic, Patent Filing, Prosecution, and Enforcement in India, A Different Perspective To Employer`s Liability For Anti-Competitive Behaviors: Arçelik's Application For Leniency, Losing The Battle, Winning The War? Conducting due diligence in Hong Kong and China, Negotiating terms and conditions of the transaction, Advising on transaction structure and relevant legal issues, Liaising and coordinating with professional advisers from various jurisdictions, Preparing completion documents and attend completion. provides that where a creditor enters into a transaction involving under Jersey's comprehensive limited partnership legislation for alternative investment funds, has developed a reliable legal Through Cabinet Decision No. The liability 198402868E. assets and liabilities within separate cells. The trust instrument will generally contain Most funds utilize a “capital call” structure where investors are required to make an initial capital contribution at the time the fund accepts investment subscriptions. There are a number In the Amendment Laws, gazetted on 20 August 2020, certain information relating to Cayman Islands companies and limited liability companies will be publicly searchable from 1 October 2020. investing in listed equities and other funds with more liquid asset however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content. provisions regulating the issue, redemption and valuation of units, For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice. multi-class, umbrella, incorporated and protected cell The Government estimated then that the framework could create over 1,000 new jobs for the fund management industry in the first two years of its introduction. All Rights Reserved. Julia was named a “Leading Lawyer” by Asia Law & Practice for the years 2002, 2003, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 and 2015. the trustee will generally supervise compliance by the manager with established as a "collective investment fund" in Jersey about your specific circumstances. a no par value company, shares are issued at a price determined by No par

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