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April 22,2017

Galadari Advises on DIFC Domiciled Multi-Asset Class Qualified Investor Fund  

 

Dubai, UAE, 17 April 2017– Galadari Advocates & Legal Consultants (DIFC) Limited recently advised on the set up of a Multi-Asset Class Qualified Investor Fund of US$200 Million (the “Fund”). The Fund is one of the first such funds to have been set up since the Qualified Investor Funds Regime has emerged in the Dubai International Financial Centre (“DIFC”).

Galadari’s team advised on the establishment of the Fund, in addition to obtaining the necessary clearance from the Dubai Financial Services Authority (“DFSA”). As a domestic fund in the DIFC, subscriptions would be made by professional investors both within the DIFC and internationally. The Fund will invest in infrastructure, real estate and alternative investments.

The Qualified Investor Funds Regime was introduced by the DFSA as a consequence of an ever increasing fund sponsor interest in establishment of funds within the DIFC requiring minimal regulation. Such framework, now in place, allows for a swift approval process and nominal fees for establishment and ongoing operations for fund vehicles.

 

About Galadari

Galadari is one of the UAE’s oldest, largest and most established law firms, having grown and evolved over the past three decades in parallel with the growth and advancement of the nation.  The firm is consistently recognized by numerous independent directories and publications for our lawyers’ expertise and innovation. Some of the firm’s recent awards include Corporate Team of the Year, Transportation, Energy and Infrastructure Team of the Year, and Most Active Law Firm – Pro Bono Clinic DIFC.  For more information, please visit www.galadarilaw.com