Incubator Funds and Approved (Friends and Family) Funds

With a strong desire to attract start up hedge funds and their managers, the BVI Financial Services Commission (FSC) introduced regulations to significantly ease the process to establish incubator funds (designed for managers wanting to establish a track record on a cost effective basis) and approved funds (designed for a small number of investors such as friends and family). For funds which qualify, these fund categories substantially reduce the time and costs of establishing a hedge fund. When coupled with the approved manager regime introduced in 2012, the BVI is an extremely attractive jurisdiction for start-up funds and their managers.

Robert J.D. Briant

Partner, Head of BVI Corporate Practice

British Virgin Islands

Anton Goldstein

Partner

British Virgin Islands

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