VCC Umbrella Structure

Your Sub-Fund under a
Regulated VCC Umbrella

Launch under Prime's regulated VCC umbrella — faster, leaner, and fully compliant from day one. One sub-fund licence required. No standalone CIS Manager licence needed.

Understanding VCC

What is a Mauritius VCC?

A VCC is a versatile structure that allows fund managers and investors to operate multiple sub-funds (SFs) and special purpose vehicles (SPVs) under one central platform.

Each sub-fund can choose to operate independently with its own investment strategy, investors and NAV — but shares the VCC’s regulatory licence, governance framework and operational infrastructure. This dramatically reduces the cost and time to market for new fund strategies.

Ring-Fenced Assets Segregated Liabilities Shared Governance FSC Authorised Multiple Sub-Funds
Cost Effectiveness
Shared infrastructure lowers set-up and running costs.
Investor Protection
Statutory segregation of assets and liabilities.
Full Legal Separation
Sub-fund assets are legally segregated from all other sub-funds within the VCC
Flexibility
Distinct strategies, investors and NAV per sub-fund.
Economies of Scale
Common governance and service providers across the platform.
Strategy Coverage

Strategies We Support

Our incubator is strategy-agnostic. Whether you run liquid or illiquid strategies, we have the infrastructure and expertise to support your mandate.

Private Equity & Venture Capital

Closed-end structures with capital call mechanics, GP/LP frameworks and carried interest waterfalls. Ideal for Asia and Africa-focused structures.

Real Estate Funds

Property acquisition, development and income funds. NAV-based or fixed-income structures leveraging Mauritius treaty benefits for cross-border real estate investment.

Hedge Funds

Long/short, global macro, event-driven and quantitative strategies. Open-ended with flexible redemption frequencies.

Private Credit & Debt

Direct lending, mezzanine, structured credit and distressed debt funds, with ring-fenced lending structures and tailored credit monitoring.

Infrastructure & Energy

Renewable energy, transport and social infrastructure funds focused on long-term cash flows, ESG integration and impact reporting.

Money Market Funds

Funds focused on liquidity, capital preservation and short-term income. Eligible instruments include government securities, treasury bills, deposits and liquid money market instruments.

Incubation Timeline

The Incubation Journey

  1. Initial Discussion Week 1

    We review your investment strategy, target return profile, investor base, fee structure and capital raising plan. Our team identifies the optimal fund structure and jurisdictional considerations.

  2. Legal Documentation & FSC Filing Weeks 2–3

    Fund agreement, offering memorandum, constitutional documents, investment management agreement and FSC fund application — all prepared by our experienced legal and compliance team.

  3. Operational & Banking Setup Weeks 3–4

    Custodian appointment, fund bank account opening, NAV system configuration, investor portal access, AML/KYC procedures and prime brokerage connectivity — all coordinated by Prime's operations team.

  4. Fund Launch & Ongoing Services Week 4+

    Your fund is live. Prime handles all ongoing Fund Manager obligations — risk oversight, compliance monitoring, NAV oversight, investor reporting, FSC filings and annual audit coordination — so you can focus 100% on your investments.

Common Questions

VCC Umbrella FAQ

No standalone CIS Manager licence is required. As the licensed Fund Manager, Prime Fund Management holds the FSC CIS Manager licence. Each sub-fund requires its own sub-fund licence from the FSC — Prime coordinates this application on your behalf. You remain responsible for your investment decisions as the appointed Investment Manager.

There is no fixed minimum AUM requirement to launch a sub-fund. However, a credible capital raising plan and a minimum first close commitment are discussed during the initial discussion to ensure viability. We work with emerging managers from seed-stage as well as established houses moving strategies.

Yes. The Variable Capital Companies Act 2022 mandates full legal segregation of assets and liabilities between sub-funds. Creditors of one sub-fund have no recourse to the assets of another sub-fund. This statutory ring-fencing provides investors with a high degree of structural protection.

Yes. SLI sub-funds require their own fund licence from the FSC, even within the VCC umbrella structure. Prime Fund Management will guide you through the FSC sub-fund licence application process as part of the incubation journey, ensuring all requirements are met ahead of launch.

Yes. The incubator is designed to be a launchpad. As your AUM grows and you build a track record, Prime can support your transition to a standalone Global Business Company fund or assist you in obtaining your own CIS Manager licence — including acting as a reference for the FSC application.

Apply Now

Ready to Launch Your Sub-Fund?

Speak with our incubation team to discuss your strategy, timeline and structuring options. No commitment required for the initial discussion.

Let's Discuss