This publication has been prepared for the assistance of those who are considering the formation of private equity vehicles in Bermuda. It deals in broad terms with the requirements of Bermuda law for the establishment and operation of limited partnerships. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice in Bermuda on their specific proposals before taking steps to implement them.

Before proceeding with the formation of a private equity vehicle in Bermuda, persons are advised to consult their tax, legal and other professional advisors in their respective jurisdictions.

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