1. Overview
1.1 What are the main trends/significant developments in
the lending markets in your jurisdiction?
The Cayman Islands continues to be a jurisdiction of choice for
the establishment of investment funds, portfolio investment
companies and corporate vehicles, each of which utilise secured
lending arrangements in a variety of forms. The robust and
creditor-friendly legislation in the Cayman Islands provides
counterparties with significant comfort in secured lending
transactions, which continues to make the Cayman Islands the choice
of jurisdiction for many financial institutions.
Given the volatility in the global financial markets over the
last few years and rising interest rates through 2023, more
managers have turned to private credit lenders to finance new deals
and refinance existing debt. As a result, there has been a
significant increase in the establishment and use of private credit
funds and non-financial institution lending, particularly in
