Bermuda: Fund Management/ REITs

Bermuda's private equity funds face mounting pressure as net asset values concentrate in fewer, larger portfolios while traditional exit routes remain constrained. With merger and acquisition markets uncertain and distribution droughts complicating fundraising, sponsors must navigate continuation vehicles and NAV financing as alternative liquidity solutions, each carrying distinct structural complexities and contractual implications under Bermuda's flexible partnership framework.

Bermuda's investment funds regime provides sponsors with a sophisticated regulatory framework that balances flexibility with investor protection. From registered private funds to authorised retail vehicles, the jurisdiction accommodates diverse strategies through multiple structural options including SACs, ISACs, and traditional partnerships. Understanding the classification system, ongoing compliance requirements, and the interplay between fund regulation and investment business licensing is essential for

The ISAC Act Bermuda has established itself as a leading jurisdiction for the structuring, issuance, and ongoing operation of tokenised funds.

Our investment funds team outline the latest developments within the investment funds market in Bermuda, addressing the recent statistics from Q2 2024 published by the Bermuda Monetary Authority (the "BMA").

Bermuda funds can request up to three-month extensions for June 30 filings due to unforeseen issues. The Amended Investment Funds Act imposes specific late fees for missed filing deadlines, capped at $1,000...

All authorised and registered Bermuda investments funds having a financial year end at December 31 should be finalising their annual filings with the Bermuda Monetary Authority, which are due by June 30.

All partnerships formed and/or registered in Bermuda on or after 1 July 2021 carrying on or expecting to carry on a relevant activity are immediately subject to the economic substance requirements.

The Bermuda Economic Substance Amendment Act 2021 received Royal Assent on 30 June 2021. This Act amends Bermuda's Economic Substance Act...

As regulators introduce more robust environmental, social and governance (ESG) frameworks for the fund management sector, Executive Director...