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Investment funds in British Virgin Islands

Conyers

Praised as ‘commercial, responsive and uniformly high-quality‘, the team at Conyers advises large hedge fund companies and private equity houses on a wide range of matters. Robert Briant heads up the department, which handles an array of matters pertaining to fund formations, regulation and compliance issues, and restructuring, liquidation and fund wind-up mandates. Hailed as a ‘stellar lawyer’, Anton Goldstein is heavily involved in the establishment of an assortment of high-value BVI funds. Also adept in this space is Audrey Robertson, who was promoted to partner in April 2021.

Practice head(s):

Robert Briant

Testimonials

‘The team is commercial, responsive and uniformly high-quality. They are among my favourite offshore teams.’

‘Anton Goldstein is a stellar lawyer who is commercial, creative, and responsive.’

‘For the Corporate Matters related to our Investment Management entities, I highly recommend the attorneys at Conyers that we work with who are 1) Rachael Pape and 2) Anton Goldstein. Both individuals are extremely responsive and individuals I can count on to get things done in an expedited accurate manner.’

Key clients

King Street Capital

ACE & Company

Baron Capital

Thybo Advisory Limited

Orchard Funds

Ikebena Funds

Pabrai Investment Fund

Kawa Capital Management

KIP Fund Inc.

Seletto Value Global Fund Ltd.

Adler Kawa

Penn Capital Management

Harneys

Harneys advises on a significant proportion of the region’s high-end investment fund matters, demonstrating strength in the full fund life-cycle, from large-scale fund formations to complex restructurings. It is spearheaded by Philip Graham, who serves as chairman of the executive council of the BVI Investment Funds Association and frequently assists the local government in shaping legislative developments, most recently in relation to the approved manager regime. The department was also heavily involved in the implementation of the economic substance regime and the recent updates to private funds legislation. In this area, private client and regulatory practice head, counsel Ayana Hull, has extensive experience advising BVI-regulated entities on licensing issues, continuing obligations and regulatory and enforcement actions, with particular expertise in regulations affecting ICOs and fintech entities.

Practice head(s):

Philip Graham

Key clients

Our Crowd

Work highlights

  • Advised on ORIX Corporation’s first collaboration with Israeli venture capitalist start-up Our Crowd.

Maples Group

At Maples Group, the funds and investment practice primarily assists investment funds and fund managers with fund formations, fund reorganisations and liquidations, and ongoing licensing and regulatory requirements, with particular strength in the private equity and hedge fund spaces. On the regulatory front, the group has seen an uptick in instructions concerning the new closed-ended private investment fund regime, along with advice regarding the implications of the new economic substance regime for investment funds and fund managers. Retained by some of the world’s largest managers, Richard May oversees the department, which also features of counsel Guy Williamson  and Chris Newton , whose practice focuses on downstream investment work in the funds space, as well as fund financing matters.

Practice head(s):

Richard May

Other key lawyers:

Chris Newton; Guy Williamson 

Key clients

Bioshin

Work highlights

  • Advised Bioshin, a subsidiary of long-standing client Biohaven, on its Series A funding round, with the investor group consisting of various funds led by OrbiMed.

Ogier

Praised as ‘approachable, flexible and responsive’, Ogier’s funds practice frequently advises investment managers on the full spectrum of hedge fund, private equity, real estate, venture capital and crypto asset classes. It receives a consistent flow of work related to fund vehicle formations, the establishment of co-investment vehicles and financial services regulation. The team is overseen by Simon Schilder , who is a former chairman of the BVI Investment Funds Association who splits his time between the firm’s BVI and Jersey offices. In this area, Michael Killourhy also takes the lead in many digital asset-related investment funds matters and fund insolvencies and reorganisations.

Other key lawyers:

Marie-Claire Fudge

Testimonials

‘We found the team approachable, flexible and responsive. Delivering innovative solutions within budget.’

‘Exceptional understanding of an innovative industry.’

Staff members are extremely knowledgeable and provide clear and concise guidance pertaining to regulatory matters.

The team is very professional, knowledgeable and fields engaging individuals whose attention to detail ensures the successful completion of our objectives.’

Key clients

EQIBank Limited

Digital Asset Capital Management

AEW Capital Management

Graham Capital Management

Work highlights

  • Advised Digital Asset Capital Management on the conversion of DAF Liquid Venture Fund Inc from an approved fund to a professional fund.
  • Advised AEW Capital Management on the establishment of AEW VIA IV Coinvest C, L.P. as a co-investment vehicle to facilitate an investment by a US state retirement plan into one of AEW’s real estate fund, AEW Value Investors Asia IV, LP.
  • Advising EQIBank Limited on a BVI Approved Manager application for proposed advisory services in relation to products and services on a digital DeFi platform.

Walkers BVI

Led locally by Matthew Cowman, Walkers BVI regularly acts for hedge fund groups, private equity houses, asset managers and institutional investors. Among the key areas of strength are matters relating to fund formations and capitalisations, financings, buyouts, regulations and downstream transactions. It has also seen a rise in mandates relating to the establishment of closed-ended private investment funds and incubator and approved funds, propelled by crypto managers in particular. In a recent development, Paul Waldron re-joined the BVI office as a senior counsel from Harneys in April 2021.

Practice head(s):

Matthew Cowman

Other key lawyers:

Paul Waldron