New Regulated Investment Funds Introduced

The British Virgin Islands ("BVI") is one of the leading offshore investment funds jurisdictions, attracting investment managers and investors worldwide. BVI investment fund structures are well known in the industry and very flexible allowing investment managers to tailor their offering to the needs of investors.

Background

Only open-ended investment funds are regulated in the BVI, i.e. investment funds which provide their investors with the option to redeem their shares or interests in the investment fund. In contrast, there are no specific regulations for closed-ended investment funds under BVI law. Therefore, private equity funds are usually established as unregulated funds.