33 articles on BVI and Cayman Islands fund structures, jurisdiction comparisons, investment manager licensing, ongoing compliance and the use of AI in fund administration — written and maintained by Berkley Funds.
What is actually changing in how funds are administered — and why it matters to promoters, managers and investors. AI moves the work from doing to checking…
AI Series · Part 2Scale brings depth, but also inertia. Why a smaller, senior-led administrator can adopt new tools more thoughtfully than a larger one…
AI Series · Part 3Task by task — onboarding, reconciliation, reporting and investor queries — where the work genuinely gets faster, and what does not change at all…
AI Series · Part 4Under POPIA and the BVI Data Protection Act, 2021, where investor data goes must rule a tool in or out before its efficiency is even considered…
AI Series · Part 5If the tools keep improving, does the human review step become unnecessary? For anything that reaches an investor or regulator, the answer is no…
AI Series · Part 6As tools take on transcription, the valuable skills shift to judgement, verifying tool output, and deeper fund and jurisdictional knowledge…
AI Series · Part 7A practical due-diligence checklist for promoters, managers and investors: where the data goes, who reviews the output, and what happens when it goes wrong…
AI Series · Part 8One investor onboarding, told two ways — five years ago and today — to make the series concrete. What changed, and what stayed exactly the same…
The BVI regulates six categories of investment fund under the Securities and Investment Business Act, 2010 — five open-ended, one …
BVI Fund TypesThe lightest-touch of the BVI's open-ended fund categories, the Private Fund lets a promoter reach up to 50 investors, or any numb…
BVI Fund TypesThe default vehicle for institutional strategies marketed to a broad base of sophisticated investors, the Professional Fund trades…
BVI Fund TypesThe only BVI fund category built for retail distribution, the Public Fund requires prior FSC approval and a compliant prospectus —…
BVI Fund TypesPurpose-built for first-time and emerging managers, the Incubator Fund can be approved within two business days, needs no audit an…
BVI Fund TypesThe Approved Fund carries the Incubator Fund's fast, light-touch approval process into an indefinite-term vehicle with a materiall…
BVI Fund TypesThe BVI's dedicated closed-ended fund vehicle, the Private Investment Fund replaces the appointed-manager model of the open-ended …
Cayman offers five distinct regulatory routes to market a fund — Registered, Licensed, Administered and Master Funds under the Mut…
Cayman Fund TypesThe workhorse of the Cayman fund industry, the Registered Fund lets promoters reach sophisticated investors quickly by self-certif…
Cayman Fund TypesReserved for well-capitalised, reputationally strong promoters targeting retail or public distribution, the Licensed Fund trades a…
Cayman Fund TypesThe Administered Fund lets promoters go below the US$100,000 investment threshold without seeking a full CIMA licence, by transfer…
Cayman Fund TypesSitting at the centre of master-feeder structures, the Cayman Master Fund is drawn into CIMA's regulatory net once a regulated fee…
Cayman Fund TypesSince 2020, every Cayman closed-ended fund — private equity, venture capital, real estate and similar drawdown vehicles — must reg…
Both are leading offshore fund domiciles built on English common law and tax neutrality, but they diverge sharply on cost, investo…
Comparisons & StructuringThe Caribbean and Channel Islands both offer tax-neutral, common-law fund regimes, but Jersey and Guernsey's proximity to the UK/E…
Comparisons & StructuringMauritius competes on a fundamentally different axis to BVI and Cayman — not global institutional scale, but its treaty network an…
Comparisons & StructuringThe single most important structuring decision a fund promoter makes is whether investors can redeem at will — and it shapes every…
Comparisons & StructuringMaster-feeder and parallel fund structures let a single manager run one investment strategy while accommodating investors with dif…
Fund promoters structuring in the British Virgin Islands or the Cayman Islands can typically manage assets without a full investme…
Investment ManagersThe BVI and Cayman light-touch manager regimes solve the same commercial problem — letting a fund manager operate without a full l…
Investment ManagersThe BVI's Approved Manager regime remains the Caribbean's most cost-efficient on-ramp for a start-up or mid-sized fund manager — p…
Investment ManagersCayman's Securities Investment Business Act draws a sharp line between managers who can simply register with CIMA and those who ne…
Launching a BVI fund is only the beginning — every SIBA category carries its own calendar of annual filings, fees and deadlines, a…
Governance & OperationsCIMA's registration or licensing of a Cayman fund is only the starting point — a detailed annual calendar of audited accounts, Fun…
Governance & OperationsA fund administrator does far more than calculate NAV — across both BVI and Cayman regimes, the administrator is frequently the pa…