Corporate directors dominate in Cayman

According to the SEC’s ADV filings there are 17,120 funds, from approximately 1,000 promoters, domiciled in Cayman. Only a minority of these promoters use individual as opposed to corporate directors for their fund boards.

This data is sourced from Castle Hall’s DiligenceExpress tool, which enables investors to analyse information extracted from the SEC’s Form ADV.

The clear majority of those using corporate entities on their boards are private equity and real estate funds. However, some Cayman private equity funds do have boards with named individuals on them, including independent directors.

For more on this story see the December issue of The NED.