Closed Ended Fund (CEF)
Closed-ended fund structures for sophisticated investors in private equity, real estate, infrastructure, and other illiquid asset classes.
A Closed Ended Fund (CEF) is a fund structure with a fixed capital base that does not allow investors to redeem their interests on demand. Instead, the fund has a defined investment period and lifecycle, making it ideally suited to private equity, real estate, infrastructure, and venture capital strategies.
Fund Structure
CEFs in Mauritius are typically structured as limited partnerships or open-ended companies with restricted redemption rights. The LP structure is popular for private equity and venture capital.
Investment Period
A CEF typically has a defined investment period (commonly 3-5 years) followed by a harvesting period. Total fund life is commonly 7-10 years.
Investor Eligibility
CEFs are restricted to sophisticated or professional investors. Minimum subscription thresholds apply.
Distribution Waterfall
CEFs typically employ a distribution waterfall mechanism — returning capital first, followed by a preferred return, and then carried interest to the fund manager.
Tax Efficiency
A Mauritius-based CEF structured via a GBC benefits from no capital gains tax on asset disposals and access to the DTA network.
Administration
PrimeLuxe provides comprehensive CEF administration including capital account maintenance, capital call and distribution processing, and investor KYC/AML onboarding.
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Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.