Defined Term
Segregated Portfolio Company (SPC)
Cayman or BVI corporate structure permitting legally segregated portfolios within a single legal entity, used for multi-strategy funds, multi-tranche token issuance and ring-fenced NFT-collection economics.
The Segregated Portfolio Company (SPC) is a single legal entity that maintains multiple legally-segregated portfolios. Assets and liabilities of each portfolio are statutorily ring-fenced from those of every other portfolio and from those of the SPC at large. Available in the Cayman Islands (under the Companies Act) and in the BVI (Segregated Portfolio Companies Act).
Common uses
- Multi-strategy hedge funds — each strategy as a portfolio.
- Multi-tranche token issuance — each tranche / investor class as a portfolio.
- NFT collections — each collection's economics ring-fenced.
- Insurance-linked securities and catastrophe-bond structures.