VP Fund Solutions

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8 | VP Fund Solutions | Global solutions for your local needs A diversified field of expertise In the competence universe of VP Fund Solutions, the possible permutations of investment styles and types are virtually unlimited, thanks to our global focus. VP Fund Solutions can therefore be your partner for multiple investment fund solutions. Onshore Liechtenstein Investment undertaking for qualified investors No specific restrictions as to eligible assets; minimum risk diversification requirements; higher minimum subscription amount (CHF 250,000 – may be waived under certain conditions) Investment undertaking with increased risk No specific restrictions as to eligible assets; minimum risk diversification requirements Liechtenstein, Luxembourg UCITS 4 (regulated, European passport) • Listed transferable securities and money market instruments • Recently issued transferable securities and money market instruments • Units of other UCITS or UCIs • Deposits with credit institutions • Money market instruments not listed on a regulated market • Derivative financial instruments • Master-feeder fund structures • Financial indices UCI in Luxembourg – investment undertaking • Transferable securities (listed or unlisted) for other assets in Liechtenstein (regulated, • Alternative investments (hedge funds, funds of hedge funds) non-passportable fund) • Venture capital, private equity • Derivatives • Real estate (in Liechtenstein: specific legal form – investment undertaking for real estate) • Closed-ended fund Luxembourg SIF No specific restrictions as to eligible assets; minimum risk diversification requirements; restricted to institutional, professional and well-informed investors (inter alia, minimum subscription EUR 125,000) SICAR Investments restricted to risk capital; no risk diversification required; restricted to institutional, professional and well-informed investors (inter alia, minimum subscription EUR 125,000)
Offshore British Virgin Islands Private fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements filed with FSC; appointment of independent service providers (manager, custodian, administrator) and a BVI-resident authorised representative; maximum number of investors (50); service providers do not have to be located in fund jurisdiction Professional fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements filed with FSC; appointment of independent service providers (manager, custodian, administrator) and a BVI-resident authorised representative; minimum investment requirement USD 100,000 and professional status (net worth in excess of USD 1 million or whose business involves acquisition of fund); service providers do not have to be located in fund jurisdiction Public fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements filed with FSC; appointment of independent service providers (manager, custodian, administrator) and a BVI-resident authorised representative; licensing required by FSC; service providers do not have to be located in fund jurisdiction Anguilla Private fund No requirement for auditor; annual return filed with FSC; no restriction as to eligible assets; maximum number of investors (99); service providers do not have to be located in fund jurisdiction Professional fund No requirement for auditor; annual return filed with FSC; no restriction as to eligible assets; minimum investment requirement USD 100,000 and professional status (net worth in excess of USD 1 million or whose business involves acquisition of fund); service providers do not have to be located in fund jurisdiction Public fund Licensing required by FSC; administrator and custodian functionally independent; service providers do not have to be located in fund jurisdiction; requirement to appoint auditor; service providers do not have to be located in fund jurisdiction Cayman Islands Registered mutual fund Cayman auditor; annual return and audited financial statements filed with Cayman Islands Monetary Authority (CIMA); minimum investment USD 100,000 or listed on a recognised stock exchange; no restrictions as to eligible assets Licensed mutual fund Offered to the public outside the Cayman Islands; administration and custody performed outside the Cayman Islands; licensing required by CIMA; Cayman auditor; no restrictions as to eligible assets British Virgin Islands, Anguilla, Cayman Islands Closed-ended fund No supervision by the FSC/CIMA; no automatic right of redemption, redemptions are at the directors’ discretion 9 | VP Fund Solutions | Global solutions for your local needs
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