Mr Mark Santangeli

Mark Santangeli

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Private Client & Offshore Services

Subscription-secured financings: perfection versus enforcement
Cayman Islands | 19 December 2019

The Cayman Islands is one of the leading jurisdictions in the world for the establishment of closed-ended investment funds. Funds are often formed as exempted limited partnerships (ELPs). While other types of Cayman vehicle can be, and are sometimes, used as fund vehicles depending on the circumstances, an ELP is by far the most common type of entity used. Consequently, this article focuses solely on subscription-secured financings with an ELP as the choice of fund vehicle.