The Financial Times published an interesting article on private equity funds targeting the wealthy, reflecting a trend we have observed for some time now of  "friends and family" programmes at existing private equity firms and of new or smaller managers emerging to broaden access to the illiquid asset class.

While the trend toward increased private equity allocations shows little signs of cooling, it is necessary for investors to have sufficient liquidity to participate in this type of investment. Consequently, we continue to see the full range of fund structures being established in Cayman by a wide range of sponsors, from established institutions to emerging managers and family offices.

Effectively advising emerging managers and family offices requires experience and niche knowledge of their particular needs to structure a legally robust product from the outset with the full life-cycle of the fund in mind.

Contact me or your usual contact at Walkers to discuss further.