Discipline is one of the key traits of any successful fund
manager – sticking to the core investment strategy and
avoiding style drift. And in some respects, the same is true of
offshore jurisdictions.
Over the years, rather than try to compete for mega-funds with
the Cayman Islands, the BVI industry has instead focussed its
efforts in carving out a reputation as the natural home for
mid-sized and emerging managers across both the hedge fund and
PE/VC fund space.
Relative market positioning is difficult to quantify in the
unregulated PE/VC space, as offshore regulators do not maintain
statistical data for unregulated funds, but as Eric Flaye, head of
Conyers' BVI funds practice in London, observes:
"Anecdotally, we have seen a lot of activity and interest in
private equity fund formation and related transactional matters in
the BVI during the past 18 months or so, and industry practitioners
in the BVI seem quite bullish about BVI's prospects and growth
trajectory
