Date Published: 23 July 2020
CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of Annexe Fund VCC (“Fund”), an open-ended variable capital company incorporated in Singapore. The Fund is an umbrella fund and has successfully launched its first sub-fund, Systematic Alpha, with a multi-asset class investment focus. The Fund is managed by Point Hope Pte. Ltd. (“Manager”), a capital markets services licence fund manager in the accredited and institutional investor category.
Mr Amit R. Dhume, Partner at CNP said:
“The VCC is an extremely positive development for the investment funds landscape in Singapore. The successful launch of Annexe Fund VCC is a testament that the VCC is gaining traction among the domestic fund managers. We expect to see more investment funds using the VCC in time to come. We are excited to be a part of this journey that will solidify Singapore’s position as an attractive destination for the investment management industry globally.”
The CNP lawyers advising the Fund and the Manager are Amit Ramkrishn Dhume – Partner, Abel Ho – Associate, and Goh Wan Shuen – Associate, from the firm’s Funds and Financial Services team.
We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including hedge funds, private equity funds, venture capital funds, mutual funds, commodity funds and exchange traded funds.