BVI Incubator And Approved Funds

British Virgin Islands ("BVI") Incubator Funds and Approved Funds provide innovative and low-cost vehicles for emerging managers and start-up funds to build a track record and launch funds under less stringent regulatory conditions.

Introduced in 2015 pursuant to the Securities and Investment Business (Incubator and Approved Funds) Regulations, Incubator Funds and Approved Funds provide the opportunity for emerging managers to gain enough traction in the market, while keeping overheads to a minimum, so that sufficient capital can be attracted to become viable over the long term. Both vehicles are restricted to having no more than 20 investors and while Incubator Funds have a cap for their net assets at US$20 million, with a minimum subscription of US$20,000, Approved Funds have no minimum investment and can hold a maximum of US$100 million in assets.