Caerus IM launches institutional fund platform.
London/Luxembourg, 5th October 2018 – Caerus announces the establishment of its institutional umbrella funds’ platform known as; Caerus Capital Partners S.A. SICAV-RAIF, a Luxembourg domiciled open-ended, evergreen Reserved Alternative Investment Fund (RAIF) to be externally managed by our firm’s UK regulated AIFM management entity; Caerus Investment Management (UK) Ltd, as recently approved by the UK Financial Conduct Authority (FCA) in accordance with Europe’s AIFMD regulations.
The Fund is also in the process of registration with the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg with such registration expected by end of the month.
As an umbrella fund platform, this will enable our firm to launch multiple sub-funds or compartments, each with separate legal identity and each with specific investment criteria, geographic focus, return targets and share classes, tailored to our global institutional investor audience.
Pre-marketing of the Fund’s first compartment has commenced and is open for subscription by eligible investors, with limited distribution of its Private Placement Memorandum (PPM) permitted across several select EU countries as well as Switzerland.
The Fund has appointed an elite panel of service providers including UBS Europe SE (Luxembourg branch) as Depositary, Paying and Domiciliation Agent.
CMS Cameron McKenna Nabarro Olswang LLP (London and Luxembourg) who advised the AIFM on the funds establishment shall continue to act as appointed legal counsel in relation to all regulatory and investor relations matters as it relates to UK and Lux law.
PwC has been appointed as tax advisors and auditors in Luxembourg and across the various jurisdictions in which the fund will acquire assets.
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