Dennis S. Woloshyn (Ryan)
ADGM Funds
An offshore competitor to the DIFC Fund Regime is the Abu Dhabi Global Market. Dennis S. Woloshyn (Ryan) was the Regional Director of Corporate Solutions, MENA, for the Apex Group, operating out of the ADGM. He can assist those wishing to structure a closed or open-ended fund in the ADGM. He can also assist clients in structuring their venture capital undertaking or fund in the ADGM.
Similar to the DIFC, the ADGM permits the establishment of Public Funds, Exempt Funds and Qualified Investor Funds. The framework offers fund managers flexibility in choosing fund venicles (open or closed ended investment companies, limited investment partnerships, investment trusts or protected cell companies and incorporated companies.
The ADGM will permit fund managers to structure ringfencing or asset holding special purpose vehicles (SPVs), private limited companies that can be designated as a Restrict Scope Company, all with limited public disclosure requirements. Fund managers using a Limited Partnership fund structure have the option to use a specific General Partner SPV for structuring purposes.
ADGM Funds may also act as a master fund, a feeder to a foreign fund or as a feeder to another ADGM fund. ADGM further permits umbrella structures, where a single umbrella fund may have more than one distinct sub-fund, each with its own investment objective and policy.
Dennis can also assist with the advice on the marketing of securities out of the ADGM and globally.
Fund managers in the ADGM can also establish SPVs to assist in holding fund assets and ring-fence liability.
Dennis can assist you in structuring your investment funds and holding entities and introduce you to legal counsel that can assist with the preparation of your offering documents and registration requirements.
