Capricorn Fund Managers (Capricorn) has launched Capricorn Fund Managers (DIFC) Limited (CFMD), providing the first regulatory hosting solution for investment managers in the Dubai International Financial Centre (DIFC).
CFMD operates as an Incorporated Cell Company regulated by the Dubai Financial Services Authority (DFSA), allowing investment managers to operate under its regulatory umbrella. The platform is open to investment managers across multiple strategies, including hedge funds, long-only, real estate, private equity, and venture capital.
Previously, investment managers in the DIFC required their own DFSA license. CFMD now offers an alternative, ensuring compliance with regulatory standards while reducing operational burdens. DIFC is home to over 400 wealth and asset management firms, managing close to $700 billion.
Craig Roberts, Senior Executive Officer at CFMD, highlighted Dubai’s growing fund market and the new solution’s ability to provide a more efficient route for investment managers to carry out regulated activities under CFMD’s license.
The regulatory hosting solution provides investment managers with cost and resource efficiencies, access to regulatory expertise, and immediate credibility with investors. CFMD’s services cover investment oversight, compliance, and risk management.
“Through Capricorn’s hosting solution, we are adding a new route for managers to get licensed and operational in Dubai,” said Salmaan Jaffery, Chief Business Development Officer, DIFC. “This is an exciting time for our fund management sector, which continues to go from strength to strength, and we have a long pipeline of managers looking at Dubai.”
