ARTICLE
25 October 2019

Luxembourg - Cayman Parallel Fund Structures Brochure

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Ogier

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
The Luxembourg-Cayman parallel fund structure is increasingly a preferred product for sophisticated managers seeking to access European, US and Asian capital.
Luxembourg Finance and Banking
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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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