Co-investment and leverage for restricted schemes permit SPV and segregated portfolio structures subject to disclosure and parity safeguards. Restricted schemes may co-invest in permissible investments through an SPV under the applicable framework or through segregated portfolios issuing ... Summary
International Financial Services Centres Authority (Fund Management) Regulations, 2025
Co-investment and leverage for restricted schemes permit SPV and segregated portfolio structures subject to disclosure and parity safeguards.
Restricted schemes may co-invest in permissible investments through an SPV under the applicable framework or through segregated portfolios issuing separate classes of units. Investments by segregated portfolios cannot be on terms more favourable than those offered to the common portfolio. Creation of a segregated portfolio must be disclosed in the placement memorandum. An SPV used for co-investment may undertake leverage if the leverage is disclosed in the placement memorandum.
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