REGULATION & LICENSING· Case Capital

A private fund.
A defined legal perimeter.

Partnership law, private-placement rules, independent signatures and tax planning—translated into one operating framework.

Private-placement framework
§15A
≤35

non-qualified offers / 12 months

≤50

non-qualified investors at one time

At a glance

Regulation & Licenced

LP

separate legal structure

2× / 3×

controlled signatures

Closed

private investor register

CPA

independent accounting

THE LEGAL LOGIC

Three rules hold the structure together.

Each rule answers a different risk: who owns the interest, who may receive an offer and who can move the assets.

01 · OWNERSHIP

Limited partnership

Case Capital acts as GP. Investors enter as LPs and hold their interests directly.

Liability is generally limited to contributed capital

02 · PLACEMENT

Private, not public

The structure stays outside a public prospectus while offers and investor counts remain within the applicable framework.

No public shareholder register

03 · CONTROL

Independent signatures

A trustee co-signs controlled account activity while an external CPA maintains the record.

No unilateral movement of assets

TWO FUND FORMATS

Same perimeter. Different ownership model.

One owner

Individual fund

Partners 1 LP
Control Client + trustee
Accounting Dedicated to one owner
Best suited to Capital from $5M
Explore format
Multiple LPs

Segregated fund

Partners Separate LP interests
Control Trustee + CPA
Accounting Reconciled by sub-account
Best suited to Capital from $500K
Explore format

PROMISE → MECHANISM → EVIDENCE

Control is split across four roles.

No single participant owns, executes and verifies the same instruction.

01

Owner / LP

Approves the mandate and controlled movements

02

Case Capital / GP

Coordinates structure and execution

03

Trustee

Co-signs and holds the closed register

04

External CPA

Reconciles, reports and preserves evidence

WHAT CONTINUES AFTER LAUNCH

Private status still requires discipline.

01

Tax planning

Pass-through treatment and any non-resident exemption require individual analysis. A binding ruling may be sought before launch.

02

KYC / AML

Identity, source of wealth and sanctions screening move through manager, trustee and bank review.

03

Confidential records

The investor register is maintained privately and disclosed only when legally required.

04

Selective supervision

The ISA may request information or audit compliance with the private-placement framework.

IF THE ISA ASKS

A short evidence route.

01 Information request
02 Trustee + CPA records
03 Limits verified
04 Private status maintained

Questions & fees

What must be clear before disclosure.

No. A compliant private structure does not publish its investor register. Records remain with the manager and trustee, subject to lawful requests.

Not necessarily. The answer depends on the activity, investor classification, communications and whether the structure remains within the private-placement framework.

The original framework described qualified investors as excluded from the stated private-placement count. Classification must be verified before any offer.

Account authority follows the signed mandate. Controlled movements require the agreed client, trustee and, where selected, additional approval.

This page is a concise overview, not legal or tax advice. Limits, classifications, licensing scope and tax treatment must be confirmed for the specific structure before any offer or transaction.

PRIVATE CONSULTATION → NEXT STEP

Discuss the structure with a Case Capital partner.