Registered Private Fund under the Private Funds Act (Cayman Islands)
The Registered Private Fund under the Private Funds Act is issued by Cayman Islands Monetary Authority (CIMA) under Mutual Funds Act (2025 Revision). The official register lists 18132 current holders. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Registered Private Fund under the Private Funds Act1 |
|---|---|
| Issued by | Cayman Islands Monetary Authority |
| Jurisdiction | Cayman Islands |
| Licence family | Fund manager |
| Legal basis | Mutual Funds Act (2025 Revision)2 Private Funds Act (2025 Revision)2 |
| Passporting | Domestic only |
| Public register | official register1 |
| Current holders | 181321 |
What it lets you do
- Managing alternative investment funds. Performing portfolio management and risk management for funds that are not UCITS, such as hedge, private equity and real estate funds.
Where it is valid
Buying a company that already holds it
Prior approval required. Under s.28(1) of the VASP Act, CIMA's prior approval is required before any issue or voluntary transfer of shares/interests reaching 10% or more of a VASP; the acquirer must file a Personal Questionnaire and fitness documentation. Acting without approval is an offence, and CIMA may also take action against the licence. Other CIMA-regulated entities (banks, trust companies, mutual fund administrators, securities licensees) face a stricter 0% threshold: any transfer needs prior approval.3
Ready-made companies holding this licence: see verified positions.
Sources
- cima.ky: investment statistics · retrieved 2026-09-24
- cima.ky: acts and regulations · retrieved 2026-09-24
- maples.com: cima change of control process a guide for cayman islands re · secondary · retrieved 2026-09-24
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