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ARTICLE · 02 FEBRUARY 2023

Fund Finance Laws And Regulations 2023 – Bermuda

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The Bermuda fund industry sees investment predominantly from North America and Europe, and therefore trends in the Bermuda fund finance market track the major onshore markets.

BermudaFinance and Banking
Matthew Ebbs-Brewer
Matthew Ebbs-Brewer
Arielle DeSilva
Arielle DeSilva
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Bermuda is a major centre in the international offshore investment fund industry, with an estimated USD225bn+ of fund assets domiciled in the jurisdiction and c.800 investment funds authorised or registered in Bermuda under the Investment Funds Act 2006, as amended (IFA).

BERMUDA FUND OVERVIEW

The Bermuda fund industry sees investment predominantly from North America and Europe, and therefore trends in the Bermuda fund finance market track the major onshore markets. Although there is no overall data reporting service for the local fund finance market, anecdotal reports from many of the major facility lenders, as well as Appleby practitioners, anticipate that there will continue to be a high demand for capital call or subscription line facilities. That is not to say, of course, that other structures such as NAV facilities will not be utilised.

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