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Fund Administration
Services

AFA operates on a fully integrated accounting/reporting platform to deliver

robust and transparent reporting to fund managers and investors

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Advanced Fund Administration

Welcome to AFA
Advanced
Fund
Administration
(AFA)
is
a
privately
owned
hedge fund and private equity fund administration firm established in the Cayman
Islands in January 2008 by Peter M.O. Young. In September 2009 AFA expanded its global
footprint into the United States by opening its Summit, New Jersey office trading as
Advanced Fund Administration LLC, and in November 2014 established an office in BVI,
trading as Advanced Fund Administration (BVI) Ltd. AFA is also rolling out a Luxembourg
based solution to meet the fund administration needs of our European based clients electing
to domicile in Luxembourg.
In 2013 AFA expanded its service offering to include offshore legal services via AFA Legal
Resources (Cayman) Ltd, as well as launching AFA Advisory Services to address the needs
of early stage fund managers.
AFA is a SSAE 16 Type II SOC I compliant, boutique fund administration firm providing
comprehensive and cost effective fund administration solutions to all types of fund structures
and investment strategies. The core of AFAs service combines robust technology and
experienced staff, offering clients personalized service and continuous access to AFAs
Executive Management. AFA values each client relationship and prides itself on partnering
with its clients throughout the fund lifecycle and beyond.

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Legal Services
AFA Legal Resources (Cayman) Ltd. (AFA Legal) serves a diverse, international client
base providing general advisory services, advice on structuring vehicles (including
companies, SPVs, SPCs, partnerships and trusts), liquidating entities, providing legal
opinions, and offering post launch legal advisory services.
AFA Legal offers services in Cayman, BVI and Bahamas and has capacity to service
additional offshore and onshore jurisdictions through its extensive legal network and partners
worldwide. The scope and profile of its clients include large institutional investors and banks,
high net worth persons, family offices, fund managers, as well as start-up advisory
companies.
AFA Legal services include the following four main practice areas:
a) Corporate commercial
b) Private client and trusts
c) Liquidation services
d) Investment funds

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Corporate Commercial
AFA Legal Services and its global partners in law have a wealth of experience in a wide
range of international corporate and commercial arrangements including:

Cayman Enterprise City (CEC) collaboration registering free zone companies

Intellectual property (IP) transactions
Distressed real estate
Performing and non-performing loans
Mergers & Acquisitions
Joint Ventures
Mediation Agreements
Commercial Contracts
Commodities and International Trade
Cross-border Investments
Capital Raising

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Private Client & trusts

AFA Legal Services provides integrated advisory, succession and estate planning advice
to high-net-worth individuals, families and their trustees across many jurisdictions.
Specializations include:
Structuring property, yacht and aircraft acquisitions, onshore and offshore, and
assistance with obtaining finance/mortgages from blue chip institutions.
Trusts (including the set-up of Cayman STAR or purpose trusts) and general advice
on trusts law.
Tax-efficient structures for philanthropy and the acquisition of assets of all types and
classes.
Issuing legal opinions for domestic and cross border transactions.

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Liquidation Services
AFA Legal has vast experience in liquidating all types of Cayman Islands vehicles. We can
assist with the striking off of an entity from the active Register of Companies, or act as
liquidator on a voluntary liquidation and winding up of a Cayman company or Fund. Fees will
be determined on a case by case basis. The average lead time to strike a Cayman entity will
be around 3 to 5 business days. A voluntary liquidation is more proactive and may take
several months to be dissolved once final creditors and final meeting of members have been
held, and final accounts of the defunct entity have been presented and approved at such
meetings.

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Investment Funds
AFA Legal offers free consultative advice and once an engagement letter is executed by the
client, we advise fund managers and promoters on the offshore structure, operation and
domicile of their investment funds. We also collaborate with onshore fund managers and
legal counsel on domestic onshore feeders insofar as these structures relate to offshore
master fund vehicles.
We pride ourselves in offering a turn-key service ranging from the planning and conception
stage right through the mechanics to drafting technical documentation, advising on local
regulatory issues and filings, up to the launch and post launch filings and documentation
required to open bank accounts , to activate and engage relevant service providers and to
commence trading.
If you are an investor (whether high net worth person or institutional), we can advise you on
structuring your investments into an offshore fund. If you are a promoter or manager of
offshore funds, we can advise you on the optimum fund vehicle and the best choice of
domicile of your fund.
If an ISIN number or stock exchange listing is required for the offshore fund, we can arrange
for this to be done as well.

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Corporate Secretarial
AFA is an industry leading advocate in ensuring that offshore funds observe good corporate
governance in addition to its offering of its experienced executives as Directors of its client
funds, AFA Legal Services adds to a fund's robust corporate governance culture through its
corporate secretarial services offering. Our Corporate Services team works in conjunction
with the Funds' Directors, whether provided by AFA Legal Services or not, and will manage
all aspects of an offshore fund's statutory and regulatory obligations, including:

Assistance in the preparation of fund launch minutes & resolutions

Preparation and safe-keeping of Board resolutions throughout the fund's operation
Drafting of Board packs and agendas for Directors & Shareholder meetings
Attendance at Directors meetings and preparation of minutes
Coordination of the payment of Funds' statutory and regulatory fees

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Director Services
Good corporate governance standards are necessary and desirable for Investment Advisors,
fund sponsors and all service providers to investment funds, to ensure that investors'
interests are considered and protected throughout the life cycle of the fund.
AFA Legal Services offers experienced professionals, who are conversant with the
alternative investment funds industry, to act as Directors of offshore domiciled funds, in the
Cayman Islands, Bermuda and BVI.
Our Directors serve on the boards of some of the most complex and diverse fund structures
in the industry, where they bring their experience to bear in exercising their fiduciary duties to
the funds and the shareholders as a whole. Through support from AFA's Corporate Services
team, AFA Directors will add an extra dimension to your offshore funds' governance
standards.
Our state of the art conference facilities will be made available to the Board for the conduct
of regular Board meetings at our offices in the Cayman Islands.

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Wilton McDonald ii - bio

The Head of AFA Legal Services is Mr. Wilton McDonald II with primary responsibility for
providing legal services to Cayman domiciled funds as well as several other offshore
jurisdictions, specifically the following core and first tier jurisdictions: BVI, Bahamas and
Anguilla, and second tier jurisdictions including Bermuda, Belize, Panama, Nevis,
Switzerland, Ireland, Luxembourg and Malta.
Wilton has over 17 years experience in the areas of corporate law and public accountancy
having worked in New York, Bermuda, BVI, Cayman and the Bahamas. He also has an
extensive background in setting up all types of companies and investment fund
structures. Wilton has worked closely with start-ups as well as blue chip investment fund
managers, administrators and onshore counsel, based primarily in the United States, United
Kingdom, Luxembourg, Switzerland, Brazil, Hong Kong/ China, UAE- Dubai, Abu Dhabi,
Kuwait, Russia, and Japan.
Mr. McDonald was admitted to the bar in 2004 as an Attorney in the Cayman Islands and
Jamaica, and as a Barrister of the Eastern Caribbean Supreme Court (British Virgin Islands
Circuit); and also in 2002/ 2003 as an Attorney in Connecticut (ret), and New York, USA.
Prior to joining AFA Legal Resources (Cayman) Ltd, Wilton established Iberia Legal Ltd. in
2010 focusing on capital introduction in Portugal, Poland, and Brazil. Wilton has previously
held positions with Higgs & Johnson (formerly Truman Bodden & Company) as Head of the
Investment Funds Dept; Ogier and Lennox Paton as an investment funds associate; and as
an associate with Appleby Spurling & Kempe.

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Wilton McDonald ii - bio

Wilton completed a Bachelor of Science degree from Northern Caribbean University, an MBA
from Andrews University, a Bachelor of Laws (LLB) degree from University College London,
a Master of Laws (LLM) degree from Fordham Law School, and completed the residence
requirement for the Doctor of Juridical Science (JSD) degree at Cornell Law School in Ithaca,
New York. He is also a retired Fellow of the Association of Chartered Certified Accountants
(ACCA) in the United Kingdom.
Following is the contact information for Mr. McDonald:
Wilton G. McDonald II, BSc, LLB (Hons.), MBA, LLM, JSD (C), FCCA (ret.)
Attorney-at-law and Notary Public
Head of AFA Legal Resources (Cayman) Ltd.
e. wmcdonald@advancedfundadministration.com
w. +345.943.4232 | d. +305.851.2549 | f. +345.943.4231 | c. (Poland) +48.608.274.583
Skype: wilton.mcdonald2

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Contact Today!
Cayman Islands
Email:
Phone:
Website:

info@advancedfundadministration.com
+1(345) 943 4232
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Email:
Phone:
Website:

infousa@advancedfundadministration.com
1-(908) 273 4545
www.advancedfundadministration.com

USA