Fund Formation & Structuring

We routinely assist international fund managers, law firms and other service providers with structuring the operational and legal framework for launching an investment fund and regulatory registration in Cayman. Our expertise and relationships enable us to provide a full suite of services to make the fund set-up process and launch as seamless as possible. Our fund establishment and structuring services include advising fund managers looking to launch alternative investment funds across a range of strategies and structures, such as:

  • Hedge Funds - Stand-Alone / Master-Feeder / Mini-Master / SPC

  • Hedge Fund Platform Solutions - We operate a regulated fund platform

  • Long-Only Investment Funds

  • Venture Capital

  • Private Equity

  • Real Estate

  • Digital Asset Crypto Investment Funds - we are at the forefront of crypto fund industry developments, working with all service providers in this space (custodians, administrators, banks, providing directors, compliance). 

  • Funds of Funds

  • Other bespoke alternative investment funds

  • Investment Management Company Registration


No matter the type or size of fund, we can advise on all matters and provide a complete solution for managers seeking to set up an investment fund. Services include the following:

  1. Initial Discussion on the proposed fund terms so we can advise on the optimal structure. We provide our fund formation questionnaire which, once completed, enables us to advise on the most appropriate structure, the regulatory requirements and indicative costs for formation and on-going expenses. 

  2. Service Provider Selection - whether the proposed fund is a hedge fund, venture capital, private equity, real estate or crypto fund, we can provide our thoughts on the most suitable service providers from our experience. This will depend on many factors such as the strategy, size of the fund and location of the manager and investors. We can provide introductions, obtain pricing and engage for services upon agreement. Service providers that will need to be considered are as follows:

  • ​                       Fund Administrator

  • ​                       Auditor​

  •                        Bank Account

  •                        Custody / Prime Broker

  •                        Independent Directors

  •                        AML Compliance Officers

  •                        Corporate Service Provider & Registered Office

  •                        Legal Counsel

  •                        Investment Manager

  •                        FATCA/CRS Reporting

  1. Formation of the Fund Entity - once agreed on the structure, we will then incorporate the fund entity (or entities), which can be done by us in as little as 24 hours. 

  2. Legal Documents - all legal documents will be prepared in anticipation of the launch of your fund. This will vary depending on the legal structure of the fund but will generally include an offering document (or private placement memorandum), investment management agreement, subscription agreement, board resolutions approving the launch, engagement agreements with service providers, incorporation documents.

  3. On-boarding and Account Opening - the on-boarding and account opening will occur at the same time that legal documents are being prepared so that on the launch date, the accounts are opened with the bank to receive subscriptions and also if there is a prime broker or custodian. With crypto funds there will be due diligence required and accounts opened with exchanges also. 

  4. Regulatory Registration - open-ended funds and closed-end funds are now required to register with the Cayman Islands Monetary Authority (CIMA), either under the Mutual Funds Act or the Private Funds Act, as the case may be. We will attend to all filings, as required for your fund.

  5. Launch - typically this will be in the region of 4-6 weeks. 


Next Steps
Contact us to discuss and we will be delighted to send you our fund formation questionnaire or arrange a call to discuss your proposed new fund. 

For further information on Cayman funds, please also see our frequently asked questions page: 

Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,

Aside from forming the legal structures for your fund and regulatory filings, we also work closely with key industry partners in Cayman and internationally to ensure that you have the best service providers in place for launching your fund. This includes introductions to legal counsel (onshore and offshore), fund administrators, auditors, prime brokers, banking & custody, third-party marketing firms, research and fund distribution.

Our experienced professionals have worked to assist international fund managers with all aspects of launching an investment fund and also provide ongoing support from our offices in the Cayman Islands. Please feel free to contact us for an initial consultation: info@bellrockgroup.com

For further information please see our Guides:

Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,
  • Structuring and Forming a Hedge Fund

  • Forming a Private Equity Fund

  • Crypto Fund Formation & Service Providers

  • Directors Duties – Alternative Investment Funds

  • Independent Fund Directors & Independence

  • Increased Demand by PE Funds for Independent Directors

  • Requirement for AML Compliance Services to all Cayman Funds

  • Forming a Cayman Manco as your Investment Manager

*we work with various US counsel who can assist on US legal advice for the US Feeder and tax advice as required.