Glossary · Equity & fund structure
Master-feeder
A structure where multiple feeders — onshore and offshore — pool into one master fund that actually invests.
Why it matters
One investment book, many tax-efficient wrappers for different LP types.
Related
- Cayman feeder
An offshore vehicle that channels LPs into a master fund, typically for tax and onboarding reasons.
- RAIF (Reserved Alternative Investment Fund)
A Luxembourg vehicle, AIFM-managed, fast to launch and EU-passportable. Skips the CSSF product approval.
- SPV (Special Purpose Vehicle)
A single-purpose entity that holds one asset or deal, ring-fenced from other liabilities.
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