Private equity funds made easier in the Cayman Islands

Private equity funds are set to benefit from updates to the Cayman Islands exempted limited partnership law (the ELP Law). The Cayman Islands has once again shown itself to be an innovative and responsive jurisdiction in terms of providing user-friendly and practical legislation. This will come as a welcome relief to an industry post global financial crisis otherwise suffering from a severe case of ‘regulatory fatigue’. 

The Cayman Islands has for some time been the jurisdiction of choice for fund managers looking to establish their private equity funds off shore. The combination of a tax-neutral environment for fundraising, practical laws and sophisticated service providers have led to Cayman’s popularity as a domicile for private equity funds. In addition, exempted limited partnerships (ELPs) in Cayman complement onshore fund structures and particularly those in the US due to the symmetry of the ELP Law with the corresponding Delaware statutory regime.

Legislators in Cayman are keen to ensure that the structuring opportunities available in Cayman are, at all times, considered both world class and user friendly. They have, in concert with the private sector, been seeking industry feedback to this effect…

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