Segregated Portfolio Companies

Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares), including those to be established as funds, may be registered as a segregated portfolio company (an SPC). Registration as an SPC can be made either at the point of incorporating the company or subsequently. The concept of an SPC is that the relevant company, which remains a single legal entity, may create separate segregated portfolios (each, a Portfolio) such that the assets and liabilities of each such Portfolio are statutorily ring-fenced from the assets and liabilities of each other Portfolio and the general assets and liabilities of the company. Income and other property of an SPC not attributable to any Portfolio constitute the general assets of the company.