Introduction
Setting up an Exempted Limited Partnership (ELP) with an Administered Fund in the Cayman Islands provides fund managers with a flexible investment structure combined with regulatory credibility. The Cayman Islands is widely recognised as a leading jurisdiction for international investment funds due to its stable legal system, tax-neutral framework, and well-developed regulatory environment.
An Administered Fund is an open-ended mutual fund regulated under the Cayman Islands Mutual Funds Act and supervised by the Cayman Islands Monetary Authority (CIMA). In this structure, a licensed Cayman fund administrator must be appointed to oversee certain operational responsibilities and ensure that regulatory requirements are properly met.
When the fund is structured through an Exempted Limited Partnership, investors participate as limited partners while the general partner manages the fund’s strategy and operations. This combination is commonly used for hedge funds and other pooled investment vehicles that involve multiple international investors.
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