Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares) may be registered as a segregated portfolio company (an SPC) under the Cayman Islands Companies Act (Companies Act).
The concept of an SPC is that the company, which remains a single legal entity, may create separate segregated portfolios (each, a Portfolio) with the assets and liabilities of each Portfolio being statutorily ring-fenced from the assets and liabilities of each other Portfolio and the general assets and liabilities of the company. Income and other property of an SPC that is not attributable to any Portfolio constitute the general assets of the company.
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