A VCC facilitates domiciliation of investment funds in Singapore across traditional and alternative fund vehicles for both open- and closed-ended types. In addition, corporations that are set up as funds in other jurisdictions can also be inwardly re-domiciled as VCCs.
As well as pooling and investment vehicles, VCCs can be used for private equity funds, real estate funds, hedge funds, venture capital and multi-family offices.
Since launch, more than 110 Singapore VCCs have already been set up, with numerous others already underway. However, as Brandon Tee, Head of Corporate Law Practice at WMH Law, pointed out in our recent Ocorian webinar, 'Singapore's new VCC structure â€“ pros, cons and practical considerations', the VCC isnâ€t a new structure conceptually speaking. “There are variants of similar structures in other jurisdictions such as the Cayman Islands, BVI and Hong Kong,” he explains. “Singapore is late to the party, but we have it now.