Private Investment Funds, or PIFs, can offer greater flexibility and a more cost-effective fund solution than regulated funds, particularly for start-up managers.

Under the PIF regime there are three options and we regularly work with clients and their advisers to establish entities under these routes:

• POI Licensed Manager PIF

• Qualifying Private Investor PIF

• Family Relationship PIF

Naturally, there are stipulated criteria that must be met to qualify to set up a PIF. However, HFL works closely with its clients to understand their needs and future plans to ensure the best structuring solution is chosen.