The Fund has appointed a Singaporean investment manager and fund administrator, licensed with the Monetary Authority of Singapore and has bank accounts set up in with one of the leading financial institutions in Singapore.

A flexible structure exists with the Singapore investment manager which allows the acquirer to manage each Fund at its discretion, with bank accounts are set up under a joint signatory structure with the Fund owners and IM.

The Fund Administrator also has a unique digital eKYC platform to allow the Fund to accept subscriptions in cryptocurrencies (e.g. USDT, Bitcoin etc) if required, in addition to most fiat currencies. In acting for the Fund, the Administrator’s  responsibilities include:

• Ensuring compliance by the fund with the Cayman Islands, Anti Money laundering and Anti- Terrorism Rules and regulations.
• Accounting: maintaining the corporate records and books of account.
• Administration: general duties, including communications with shareholders.
• Share Register and Transfer Agency work, including the processing of subscriptions and redemptions.
• Calculating the subscription price and redemption price of the shares.
• Arranging for the preparation of the financial statements and NAV to be audited by independent auditors and providing support thereto.
• Automatic Exchange of Information (AEOI) services for FATCA and CRS requirements.

The Fund also retains the following leading service providers in the Cayman Islands to ensure compliance with Cayman Mutual Funds law:

• Legal counsel who are responsible for liaising between the Fund and CIMA as its appointed agent and preparing any changes in the Fund’s offering documents, as well as maintaining CIMA registration and licensing requirements.
• Fund auditor: responsible for preparing accounts for the Fund in accordance with International Financial Reporting Standards (IFRS) and fulfilling auditing obligations pursuant to Cayman Mutual Funds Law.
• Anti-Money Laundering Officers: responsible to provide AML services of Anti-Money Laundering Compliance Officer (AMLCO), Money Laundering Reporting Officer (MLRO), and Deputy Money Laundering Reporting Officer (DMLRO) to the Fund, as required pursuant to Cayman Mutual Funds Law.

This is a turnkey, fully operational Cayman fund structure with all core service providers in place and regulatory requirements met. With established banking, administration, compliance, and investment management relationships already in place, the Fund offers a ready-made platform for launching investment strategies without the delays. The Fund has been designed to enable a seamless transition to new ownership, allowing an acquirer to begin accepting investor subscriptions immediately upon completion.

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