AIF with Several Investment Compartments

Umbrella Fund

Sub-Fund A

Eg: Commercial

Sub-Fund B

Eg: Hotels

Sub-Fund C

Eg: income Generating Assets

Sub-Fund D

Sub-Fund E

Sub-Fund F

  • A fund can be established as an AIF with several investment compartments (sub-funds), each constituting a separate pool of assets and liabilities (even though the AIF constitutes a single legal entity).
  • Each investment compartment has its own investment objectives and policies. Can cater for different asset types (eg. Commercial, hotels, income generating…)
  • Each compartment has its own separate NAV calculation and issues and redeems units corresponding to its assets.
  • Each compartment may be dissolved or liquidated separately without affecting the operations of the other compartments.