Relying on our years of offshore expertise and experience, we have executed a number of offshore private fund vehicles for clients which seek to manage start-up costs and increase long-term firm viability. The decision where to form a private fund, form of structure and how to execute strategy may save a client tens of thousands of dollars during execution across filing fees, legal fees and ongoing jurisdictional requirements versus the conventional use by US law firms of certain offshore jurisdictions and heavy reliance on offshore law firm execution of same.
How to Offset Offshore Fund Offering Cost
By Gary Mair
alternative options to launch a more viable offshore fund to investors
Relying on our years of offshore expertise and experience, we have executed a number of offshore private fund vehicles for clients which seek to manage start-up costs and increase long-term firm viability. The decision where to form a private fund, form of structure and how to execute strategy may save a client tens of thousands of dollars during execution across filing fees, legal fees and ongoing jurisdictional requirements versus the conventional use by US law firms of certain offshore jurisdictions and heavy reliance on offshore law firm execution of same.
For example, the Cayman Islands although one of the seminal jurisdictions for institutional investors can create result in unnecessary cost and ongoing regulatory burden for start-ups or emerging managers. Through our experience and relationships, we seek to materially mitigate start-up costs to create a more viable launch by selecting the best fit across jurisdiction, service providers and filing type to match target investors, short- and long-term business goals.
Gary Mair is a partner at Alternative Fund PLLC, a boutique law firm to private funds and their private fund advisers. Gary has over 25 years of substantial private and public alternative asset management, business, securities law, operations, securities regulations, product fund offering (private placement to IPO), asset manager C-suite business and legal expertise. Deep knowledge of the asset management organization business model as a former managing attorney at a cutting-edge New York City law firm (focus on internet start-ups to IPO practice), General Counsel, Chief Legal Counsel and C-level executive across a well- known international investment bank (BNP Paribas), global alternative asset management firm (Nikko Asset Management), and co-founder of a successful emerging hedge fund-private equity trading firm.