Luxembourg:
Luxembourg - Cayman Parallel Fund Structures Brochure
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The Luxembourg-Cayman parallel fund structure is increasingly a
preferred product for sophisticated managers seeking to access
European, US and Asian capital.
Parallel funds co-invest and divest alongside the main fund,
usually on a pro-rata basis per their commitments, so a manager has
two funds side by side which invest and divest at the same time in
a common portfolio of assets. The terms on which the parallel fund
operates are similar to the terms of the main fund, which means
that the parallel fund has a common investment policy and common
asset targets to the main fund. The differences between them are
mainly due to regulatory or operational reasons.
You can view the full brochure here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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