Cayman Islands Private Funds: Beyond Registration

Managing Partner, Kendra Foster and Associate, Tian Peralto Levers analyse the success of last year's fundamental changes to the regulation of investment funds in the Cayman Islands and identify important regulatory requirements for fund operators. *

* Article first featured in The American Lawyer

In 2020, the Cayman Islands Government enacted legislation to regulate certain closed-ended investment funds that fall within the definition of a private fund under Cayman Islands law (Private Funds).

Now that the initial registration exercise has been completed by the existing Cayman Islands private fund vehicles, we want to reflect on the successful launch of this new regulatory regime and highlight some important developments/requirements.