An Egypt-based PE/VC fund manager wanted to take advantage of the strong economic growth and business-friendly environment of Singapore and the Benelux region. The manager sought the assistance of Bolder Group, which is present in the Netherlands, Luxembourg and Singapore, to set up funds in these jurisdictions.
The client identified their main challenges:
- As a foreign fund manager, the client needed to gain familiarity with the local market conditions and regulations related to fund domiciliation in these countries.
- The client also needed a full-time fund administrator to assist them in maintaining the funds once launched.
- The client needed expert guidance navigating the local business environment to effectively identify and minimise risks and ensure the sustainability of the funds.
Setting up NL, LU and SG funds with Bolder Group
Bolder Group provided the client with a suite of funds solutions to assist them with the set-up and domiciliation in the Netherlands, Luxembourg and Singapore. Here is an overview of the process:
During the onboarding process, Bolder Group worked closely with the client to determine the goals and objectives and develop a personalised strategy to set up the funds based on the requirements of the clients, as well as the local regulations, potential risks and investment opportunities in the Benelux region and Singapore. .
Bolder Group helped the client prepare the necessary documents and liaised with regulatory bodies to obtain licences and other requirements. Bolder also worked with other local service providers, including tax advisors.
We ensured the funds are compliant with the local laws. Bolder assisted the client in navigating the regulatory landscape in the Netherlands, Luxembourg and Singapore. In terms of legal matters, Bolder worked with its in-house team of lawyers from BGA Law.
Part of Bolder’s solutions is investor services, where our investor relations experts manage investor inquiries and communications through our in-house technology.
Our ongoing support to our client includes fund accounting and reporting, covering financial statements and investor reports. This service makes sure our clients and their clients receive timely and accurate information about the funds.
It can be quite challenging for a foreign asset manager to set up a fund in a new market. But with an experienced fund administrator that provides end-to-end solutions, such as Bolder Group, managers can focus more on their core expertise and less on middle- and back-office responsibilities.
We continue to assist our client in fund set-up and fund administration in foreign markets.
Launch your funds with us. Let’s talk about your goals and requirements.