Insights for emerging fund managers
Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.

The fund administrator problem: why only 20% of managers would recommend theirs
An EY survey found that only one in five asset managers would recommend their fund administrator. Here is what goes wrong, what the red flags look like, and how to avoid the same mistakes.
ADGM fund classification: Exempt vs. Qualified Investor Funds and what the minimums mean for your raise
Choosing between an Exempt Fund and a Qualified Investor Fund in ADGM is not a technicality. The minimum subscription threshold — $50,000 or $500,000 — shapes your investor base, your fundraise, and your admin costs.
Closed-ended vs open-ended funds in the Cayman Islands: which structure fits your strategy
The Cayman Islands has two distinct regulatory regimes for funds. Picking the wrong one will cost you months and money. Here is how to decide.
Why the exempted limited partnership dominates Cayman fund formation
Around 90% of Cayman alternative investment funds use the ELP structure. Here is what makes it the default for emerging managers and what you need to know before forming one.
AIF category selection in India: the decision that shapes everything else
Category I, II, or III — the AIF category you pick determines your tax treatment, investment restrictions, investor base, and regulatory burden. Get it wrong and you cannot easily switch.
RAIF vs. regulated fund structures: choosing the right speed to market in Luxembourg
Luxembourg gives you three ways to structure an alternative fund. Only one of them lets you skip CSSF approval entirely — and that changes everything for a first-time manager.
The Variable Capital Company: Singapore's purpose-built fund vehicle
The VCC is now the default structure for new fund launches in Singapore. Here is what it does, what it costs, and why it beats the alternatives for most emerging managers.
UK limited partnerships: why they dominate fund structuring and how to set one up
The English or Scottish LP is the default structure for UK private capital funds. It has been for over a century. Here is what emerging managers need to know before forming one.
Delaware LP formation: why it is the default for US venture funds
Over 70% of US venture funds form in Delaware. Here is what that actually means for your fund structure, tax treatment, and ongoing obligations.