We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
13 January 2021
Private equity sponsors, investors, lenders and service providers will be well aware of the Cayman Islands' prominence as a domicile for global private equity funds. For the best part of 20 years, sponsors and their global advisers have been attracted by the Cayman Islands' neutrality, efficiency, quality and flexibility – but also by its predictability.
So when, at the prompting of the European Union, the Cayman Islands announced in early 2020 that all Cayman-domiciled closed-ended funds (including private equity and real estate funds) would be required to register with the Cayman Islands Monetary Authority (CIMA) by August 2020, this seemed like a shake-up.
Now that the dust has settled, what lessons have been learned?
The three unknowns are:
For this unusual year, it feels fitting to mandate private equity funds to accept a new normal. That so many thousands have done so says something about the resilience of Cayman private equity structures – and perhaps even human nature.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.