Who can set up an Exempted Fund?
Exempted funds may be utilised by private equity funds, HNWI funds, family office funds, emerging managers, friends and family funds, managers seeking to establish a track record and/or for any purpose that falls within the legal guidelines.
How can it help with Track Record Verification?
Raising capital is fundamental to the success of a fund. Start up funds may find it difficult to attract capital without a historical track record of performance. If the fund opts out of a standard audit then it should have an alternative way of independently verifying the performance – Apex partners with auditors who provide track record verification services, these services can be engage at any time after the fund launches.
What are the advantages?