Winding Up - Rapture Global Investment Fund Ltd. (2025-11-26)

Summary

This is a public enforcement notice from the Bermuda Monetary Authority announcing that the Supreme Court of Bermuda ordered the winding up of Rapture Global Investment Fund Ltd., an institutional fund authorised under the Investment Funds Act 2006 (IFA). The Court appointed the Official Receiver as provisional liquidator following a BMA petition citing multiple regulatory breaches.

• Prudent conduct: Failure to conduct business in a prudent manner, breaching section 4A(2) of the IFA and paragraph 1 of the Minimum Criteria for Licensing.
• Audited financials: Failure to prepare audited financial statements as required by section 14(1)(a) of the IFA.
• Annual filings: Failure to file annual statements particularising compliance or non-compliance under section 26(1)(b) of the IFA.
• Bermuda representative: Failure to maintain a representative in Bermuda with access to the fund's books and records under section 11(2)(b) of the IFA.
• Quarterly NAV filings: Failure to file quarterly net asset valuations as required by section 7(3) of the Investment Fund Rules 2019.

The notice is informational and applies only to this specific fund; it does not create new ongoing obligations for other regulated entities. Parties with questions about the wound-up company are directed to contact the Official Receiver.

Applies to

institutional funds, mutual funds, investment funds licensed under the Investment Funds Act 2006