BUSINESS'S FOCUS
Singapore Variable Capital Company (VCC)
Miracle Partners VCC
The introduction of the Singapore Variable Capital Companies (VCC) legislation in Singapore is a potential game-changer for the fund management industry, both within the city-state and across the Asia-Pacific region
What is a VCC?
The Singapore government introduced the VCC in 2018 to meet the evolving needs of the global investment community. The VCC is a unique investment fund structure.
What can it be used for?
It is a flexible and tax-efficient vehicle that allows fund managers to set up and manage investment funds of various types, including private equity, real estate, hedge funds, and more.
What are the benefits?
- Improved operational and tax efficiency
- It could avail itself of the US “check-the-box” election
- Financial statements are not required to be made public
- For a variety of investment strategies – viz., traditional, hedge funds, private equity and real estate funds
- To list funds as information listing and also for trading purposes
- As a pooling and investing vehicle, thereby dispensing with multi-tiered fund structures
- An option for wealth management industry as well
Miracle Partners VCC incorporation is in progress, to be the main Sponsors of SPACs below：
Project A Inc. Cayman Co.
- Listed at Nasdaq
- Tust:US$ 78m
- General, Asia
Sponsor II’s Cayman Co.
Listed at Nasdaq
Trust:US$ 78m
General, Global excluding Greater China
Sponsor III’s Cayman Co.
- Listed at Nasdaq
- Trust:US$ 100m
- Resources, Global and Southeast Asia
Sponsor IV’s Cayman Co.
- Listed at Nasdaq
- Trust:US$ 78m
- General, Asia
