![]() The incubator fund is ideal for new managers and start-ups. a cap of US$20 million on the value of investments of the fund.a minimum initial investment of US$20,000 by each investor and.The incubator fund has the following key features: The incubator fund is expected to appeal to emerging managers looking for a low cost entry into the fund market, but with room to grow when its investors and AUM increases. They offer a cost effective alternative for emerging managers and small closely connected investor groups.They have limited functionary requirements.They can be launched very quickly and commence trading within two (2) business days of lodging an application for approval with the BVI Financial Services Commission (the “ Commission”).The incubator fund and the approved fund each share the following three key features and benefits: ![]() The incubator fund is primarily geared towards emerging managers who want to establish and demonstrate a track record prior to going after more and larger investors, whilst the approved fund is primarily geared towards smaller groups of closely connected investors and is expected to work well for family offices. ![]() ![]() Specifically, the legislation which governs these new products is the Securities and Investment Business (Incubator and Approved Funds) Regulations 2015 (the “ Regulations”). These new products were launched pursuant to regulations made under the Securities and Investment Business Act, 2010 (as amended). The British Virgin Islands (“ BVI”) has recently launched two new and exciting investment fund products namely, the “incubator fund” and the “approved fund”. ![]()
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