A New Gateway for Fund Managers to the UAE
Dubai & London, 22 January 2025: We are excited to announce the launch of Capricorn ICC Ltd., offering asset managers streamlined access to the UAE market via our Capricorn ICC Ltd DIFC Fund platform.
How It Works
Taking a similar structure to umbrella funds, the platform consists of a core DIFC entity, the Incorporated Cell Company (ICC), and multiple Incorporated Cells (ICs) – each a legally separate fund, ensuring clear segregation of assets and liabilities.
Key features
- Regulated Management – Capricorn Fund Managers (DIFC) Limited (CFMD) acts as the regulated fund manager for the ICs, handling fund setup, governance, regulatory filings, and fund passporting in the UAE.
- Cost Efficiency – The platform offers flexibility in structuring ICs while reducing costs through scale and marketing efforts.
- Regulatory Umbrella – CFMD can provide regulatory services, including onboarding sponsors and facilitating secondment arrangements to manage ICs.
- Market Access – Funds may be passported from DIFC to onshore UAE and/ or ADGM, subject to regulatory approval, with marketing strategies tailored case by case.
- Agreed structure – Supported by fund administrators, custodians, auditors and legal advisors
- Multiple Strategies – The platform accommodates various investment strategies, enabling asset managers to customise their approach within each IC.
Opportunities
The flexibility of this framework, regulatory support, and cost advantages make this a straightforward solution for asset managers looking to establish a strong presence in the UAE.
Do get in touch to discuss the platform and opportunities in the region.
Contact:
Craig Roberts, SEO Dubai
Jonty Campion, Executive Director