BVI Incubator Funds: A Tailor-Made Solution For Start-Up Managers

The introduction of the new BVI incubator fund product in June of this year has caught the attention of start-up fund managers.

The incubator fund builds on the existing attractions of the BVI fund regulatory regime. As a jurisdiction BVI is already recognised for its competitive fund establishment and operating costs, speedy regulatory approval and a light-touch regulatory approach. However the incubator fund has been specifically developed with the needs of start-up managers in mind and, as managers are discovering, it has a number of key features which combine to make it more attractive than alternative fund start-up vehicles.

These key features include:

1. no requirement to issue an offering document or to appoint an administrator, custodian, manager or auditor, which considerably simplifies the fund establishment process and reduces ongoing running costs;