Skip to main content

Fund wind down services

Wind down management and illiquid asset sales

A common challenge faced by fiduciaries in the alternative investment industry is winding down investment vehicles that have suspended operations but are prevented from closing due to illiquid asset holdings or other matters that need to be managed to a conclusion.

View or download the PDF
Submit a request

Wind down management and illiquid asset sales

A common challenge faced by fiduciaries in the alternative investment industry is winding down investment vehicles that have suspended operations but are prevented from closing due to illiquid asset holdings or other matters that need to be managed to a conclusion. Whether it relates to illiquid investments or positions impacted by litigation or insolvency proceedings, a significant number of entities currently sit in a state of limbo and continue to incur unnecessary costs without an effective strategy for winding down.

  • Investor redemptions resulting in liquidity challenges and suspension of redemptions
  • Changes in circumstances, such as a manager shutting down its operations or converting into a family office
  • Extended timeline to realize illiquid assets for adequate value after the investment vehicle has ceased trading
  • Need for operating simplification and expense burn reductions
  • Lack of resources to actively manage a wind down strategy
  • Desire for reductions in regulatory compliance costs during the wind down phase

In these circumstances Deloitte can tailor a solution that will address the needs of stakeholders while maximizing the value returned to investors.

Recommendations

Restructuring services in the Cayman Islands

Our restructuring and insolvency professionals undertake liquidations (both voluntary and court supervised), provide restructuring advice and specialize in the realization of complex and /or illiquid assets.
Services

Voluntary Liquidation services in the Cayman Islands

The appointment of a qualified insolvency practitioner as an independent third party to be the Voluntary Liquidator provides assurance that the wind down of an entity will be dealt with objectively, transparently and in accordance with legislative requirements.
Services

Official and Provisional Liquidation Services

Inevitably there are times when an entity’s financial problems are so severe or there are stakeholder disputes that cannot be resolved resulting that court supervised liquidation is the only option.
Services

Restructuring Officer Services

Our restructuring professionals are qualified to serve as Restructuring Officers and can guide you through every step of the process to ensure that the restructuring has the best possible chance of success and that the process goes quickly, smoothly and is cost effective.
Services

Controllerships and Receiverships services

Our team of experienced professionals possess in-depth knowledge and expertise and are committed to delivering a swift, smooth, and cost-effective experience for our clients.
Services

Considerations for lenders whose customers have distressed refinancing requirements

Although lenders have risen to the occasion, the reality stands that lenders will need to critically assess each request on a case-by-case basis and the customers must therefore present a well-thought out and viable set of scenarios.
Services

Key contacts

Mike Green

Partner, Cayman Islands - Financial Advisory: Restructuring Services
+1 345 743 6279

Grant Hiley

Partner, Cayman Islands - Financial Advisory
+1 345 743 6265

Marcin Czarnocki

Director, Cayman Islands - Financial Advisory: Restructuring services
+1 345 743 6233