Distressed Funds
After performing an exhaustive due diligence process to understand the reason for the distress, the independent directors supported by HighWater may accept these board appointments to assist the managers in navigating through the last stages of the funds’ life cycles, while protecting investors’ interests and maximising any returns.
The independent directors supported by HighWater have been involved in a number of prominent work-out situations where they were not on the board at the time of the distress, but were later appointed at the request of significant investors or other stakeholders in the fund.
Risk management
Compliance
Money laundering reporting officer (MLRO)
Corporate secretarial services
Oversight of premises
Cayman-based staff and all components of a substantive presence
What we do
Independent Directors
Institutional investors should require independent directors who have relevant industry expertise and who will fulfill their fiduciary duties in the best interests of the fund and its investors. In an industry of growing complexity and increased regulation, investors and managers seek directors who will make a genuine contribution and not shy away from difficult decisions.
Distressed Funds
Distressed funds can find themselves without the appropriate independent board of directors to guide them through a restructuring process, an orderly realisation of assets, or a voluntary liquidation. This is where the directors supported by HighWater excel.
Investment Managers
As a stepping stone to setting up a permanent office, we assist investment fund managers to establish a physical presence in the Cayman Islands, working closely with onshore legal counsel, tax and regulatory advisors.
Ancillary Services
HighWater supports the independent directors by offering a range of ancillary services to the alternative investment funds industry.