The Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act. The VCC allows for several collective investment schemes to be gathered under the umbrella of a single corporate entity with segregated assets and liabilities. It is a flexible structure that can accommodate the creation of sub-funds with either open or close-ended strategies. The VCC will complement the existing structures available in Singapore for investment funds which are companies, unit trusts and limited partnerships.
Here is a look at eight key benefits of a VCC.