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BERMUDA | RSS PODCAST

Company founded to help launch Bermuda domiciled funds

by Rebecca ZuillSHL Capital Ltd (SHL) today announced the launch of Greenseed Alternative Managers Platform Ltd. (Greenseed or the Platform), a Bermuda segregated accounts company designed to provide investment managers with a simple, quick and cost effective solution to launching a Bermuda domiciled fund utilising the services of world-class investment and fund industry service providers within a strong regulatory framework.The Bermuda-based service providers affiliated with Greenseed include SHL Capital Ltd., Appleby (Bermuda) Limited, ISIS Fund Services Ltd. and KPMG.In a press release SHL stated: “Key advantages of utilising the platform include ready-made legal document templates to accelerate speed to market and a structure where every fund that is launched has its bespoke offering memorandum.“The structure removes duplication of effort and unnecessary documentation permitting a high degree of customisation and flexibility and ultimately empowering the investment manager.“All funds set up under Greenseed benefit from legally segregated accounts, tailored attributes and customisation as to service providers.”Fund Manager of the recently launched Greenseed Gold Bullion Fund stated: “Greenseed permitted us to launch quickly and cleanly, with our own full OM and do so at a price-point which reduced our out-of-pocket expenses and keeps fee drag to an absolute minimum.”Stuart Lacey, CEO of SHL Capital summarised the Platform as follows: “Fund Managers who are launching funds today require a comprehensive, bespoke product delivered efficiently at highly competitive prices with top-tier service providers.“Greenseed ticks all these boxes and provides an exceptional governance overlay, empowering investment managers to focus their energy on managing their assets and growing their portfolios with minimal fee drag”.“In general, other platforms require a platform-designated investment manager and the subsequent appointment of the fund manager as an investment advisor.“In contrast, managers on Greenseed are specified directly in their own Offering Memorandum as the fund’s Investment Manager. The result is a compelling Platform where investment managers can launch a bespoke fund at significantly lower upfront and ongoing costs, within an expedited time-frame and with world-class service providers.Useful website: www.shlcapital.com.