JB Tanqueray DFC
12 September, 2023
Offshore is dead
The US, UK & EU are getting tough on offshore domiciled VC and PE funds.
And international LPs are no longer investing in feeders and masters domiciled in these destinations.
The EU placed the Cayman Islands on its banned jurisdictions list in 2020, with many LPs preemptively pulling funds from other havens that pose risk.
Luxembourg is the rational response for GPs, but setting up a subsidiary to raise from domestic GPs could cost up to $1M
With the EU heading in a protectionist direction post-Brexit, the Alternative Investment Fund passport (AIFMD) is required to even promote a fund to EU LPs.
Finlight kills these two birds with one stone. We structure a Feeder that slots right into your master in any location. Embedded into the feeder is EU marketing authorisation, letting you raise from any EU member state.
We handle all the NAVs, Capital Calls, Admin and distribution so you can focus on the front office.
To top that off, we will give you access to our community of LPs worth collectively $15B.
We’re helping mid sized VCs and PE GPs play like the big boys, streamlining their cost structure in hard times.
If you’re a GP looking to institutionalise your fund, drop me a message.