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ARTICLE · 28 SEPTEMBER 2023

Cayman Islands Private Funds

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The Cayman Islands is among the world's most attractive locations for the establishment of private equity funds. The Private Funds Act (2021 Revision) and associated regulations...

Cayman IslandsFinance and Banking
Conyers
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1. INTRODUCTION: PRIVATE FUNDS IN CAYMAN

The Cayman Islands is among the world's most attractive locations for the establishment of private equity funds. The Private Funds Act (2021 Revision) and associated regulations (the “Act”) provides for the registration of certain closed-ended funds (“private funds”) with the Cayman Islands Monetary Authority (“CIMA”).

2. DEFINITION

A private fund is defined as a “company, unit trust or partnership that offers or issues or has issued investment interests, the purpose or effect of which is the pooling of investor funds with the aim of enabling investors to receive profits or gains from such entity's acquisition, holding, management or disposal of investments, where:

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