Industry Updates
COVID-19 Cayman Islands Update: Funds and Term ABS Loan Facility
07 Apr 2020
As with the original facility, Cayman Islands feeder funds can be set up to allow non-US and US tax exempt investors to provide capital to invest into eligible securities under the TALF program, and therefore provide investment opportunities and capital to support this critical part of the US market.
As with all Cayman Islands funds, they offer a well-understood and common vehicle for international investors with an ability to be incorporated quickly. They can be provided in various legal forms depending on investor preference (exempt companies, LLCs and Exempted Limited Partnerships) with the backdrop of a well-known and respected court and legal system and an appropriate level of regulation for institutional investors along with a good level of corporate governance for investors. Off balance sheet structured vehicles can also assist with any bankruptcy remote elements needed for risk and leverage purposes.
Further Information
If you need any further information with respect to the Maples Group's expertise and experience with TALF feeder funds and structured vehicles, please liaise with your usual Maples Group contact or one of the contacts listed below.