![]() ![]() The Private Fund (the “ Private Fund”) is geared towards start-up managers and family and friends’ funds. In the BVI there are five types of regulated open-ended investment funds: Due to the illiquid nature of its investments, most private equity funds are structured as unregulated closed-ended funds. There are no specific regulations for closed-ended investment funds under BVI law. In contrast, the redemption of interests in a closed-ended fund requires the approval by the closed-ended fund. Open-ended funds are investment funds which provide their investors with the option to redeem their shares or interests in the investment fund, at their request. No requirement to appoint local directors, local functionaries, or local auditors.īy way of background, only open-ended investment funds are regulated in the BVI, closed-ended funds are not.No regulatory restrictions on investment policies, strategies or objectives, and. ![]() Competitive professional and government fees.A dedicated and experienced commercial court.Some of the key advantages of BVI investment funds include the following: A modern, recognized and robust legal system derived from English common law, including a very flexible corporate statute (the BVI Business Companies Act 2004). BVI investment fund structures are globally known for their flexibility allowing investment managers and investment fund sponsors to tailor their offering to the needs of their investors. The British Virgin Islands (“BVI”) is one of the most popular and established jurisdictions for the formation and operation of offshore investment funds and managers. ![]()
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