Isle of Man Exempt Fund Investors

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To recap on what we covered in An Isle of Man Exempt Fund – What, How and Why?, an Isle of Man Exempt Fund provides some restrictions concerning the investors:

There must be no more than 49 investors per Isle of Man Exempt Fund;
The Isle of Man Exempt Fund cannot be promoted to the public.
The Isle of Man Exempt Fund is not designed to be a retail investment for high volumes jamaica mobile database of investors, rather it is geared as a private arrangement, describes as one on a ‘family and friends’ basis, for experienced investors. I have purposefully worded the first bullet here to underline the fact that, for example, under a PCC the Promoter can have an unlimited number of Cells and therefore Exempt Funds, so long as each Cell meets the requirements of a bona fide Isle of Man Exempt Fund.

With this in mind, careful consideration needs to be given as to the ‘who’ and ‘how’ of the Isle of Man Exempt Fund – Who will be your target investors and how will you engage them?

Additionally, although not prescribed by statute, the Promoter should consider other relevant features of their target investor’s profile, such as the anticipated average level of investment, if there are minimum investment requirements, which jurisdictions will the investors be based etc.

For example, the Promoter may already work or associate with a group of appropriate individuals or companies, or may be a member of a network, or know appropriate Promoterele. There may be a minimum investment amount of hundreds of thousands set, with a target total investment pot of X million and an estimated rate of return at X%.