Types of Fund & Dixcart Services Available
Different types of fund are appropriate in different circumstances – choose between: Venture Capital Funds.
Types of Fund
Different jurisdictions have their specific fund legislation and choice of fund structures. The optimum option will depend on the investors and the promoter’s specific circumstances.
The variety of fund structures available across jurisdictions reflects the growing demand for tailored investment solutions, a key focus of Dixcart’s wider fund services.
Exempt Funds, available in the Isle of Man continue to be a popular choice.
Exempt Funds
All Isle of Man funds, including Exempt Funds, must conform to the meanings defined within the Collective Investment Scheme Act 2008 (CISA 2008), and regulated under the Financial Services Act 2008.
Under Schedule 3 of CISA, an Exempt Fund must meet the following criteria:
- The Exempt Fund to have no more than 49 participants; and
- You should not publicly promote the fund; and
- The scheme must be (a) a Unit Trust governed by laws of the Isle of Man, (b) an Open Ended Investment Company (OEIC) formed or incorporated under the Isle of Man Companies Acts 1931-2004 or Companies Act 2006, or (c) a Limited Partnership that complies with Part II of the Partnership Act 1909, or (d) such other description of a scheme as is prescribed.
See Also
Funds can present a broader range of investment opportunities and help meet the increasing obligations for regulation, transparency and accountability.
Fund services provided by Dixcart, primarily fund administration, supplement our long track record of successfully looking after HNWIs and family offices.
