Structures Built for Audit
Luxembourg SLP, Cayman, Singapore. No starting from scratch.
Structuring Excellence by Hummingbird Capital Partners
Funds and Securitisation
Compliant structures that scale and survive audit. Single-strategy funds, multi-vehicle platforms, CLN programmes - each one built to the standard that institutional LPs and their auditors actually require. Not over-engineered. Not under-documented.
Audit-Ready Frameworks
Controls, documentation, reporting - all baked in before your first LP commits. When the auditor arrives, the file is already there.
Scalable Architecture
Launch one fund. Add a second strategy six months later. Scale to a full platform without ripping out the plumbing. The architecture is modular by design, not by accident.
Key Benefits
Sub-fund live in 6 business days - not 8 weeks. Subject to: defined (digital) investment strategies, professional statutory documentation and tax status
Service provider terms already negotiated. Plug in, don't renegotiate
Where an on-chain register is used, NAV evidence without a manual spreadsheet step (via Fume)
Hybrid fiat/stablecoin infrastructure for tokenised share classes
AI-ready fund operations: stablecoin subscriptions, on-chain NAV, and programmable compliance via Fume integration
Marketing communication · For professional and institutional clients
Notes, certificates and actively managed certificates
For issuer clients, HCP arranges notes, certificates and actively managed certificates through a Luxembourg securitisation undertaking under the Law of 22 March 2004 on securitisation, as amended. The undertaking is not supervised by the CSSF or by FINMA. Its instruments are placed privately with professional and well-informed investors only: there is no offer to the public, no prospectus approved under Regulation (EU) 2017/1129 and no key information document. Active management is available only for debt and credit portfolios, by a manager appointed for the compartment and authorised where its home law requires.
Our role: we structure the compartment for the issuing client and coordinate its service providers. We do not place the instruments with investors and do not manage the portfolios.
Timing depends on the assets, the counterparties and the applicable requirements; no completion date is promised.
Disclosure: HCP acts as arranger for the securitisation undertaking and receives fees linked to its issuances.
Case Studies
Real-World Results
Private CreditSwitzerland / EEA
Scaling Private Credit Without a Fund
Family Offices & Boutique Asset Managers
The Challenge
The client had deal flow but no scalable wrapper. Direct loans don't trade, investors wanted something they could custody, and setting up a full fund for each deal made no economic sense. They needed a structure that could repeat without the overhead.
Our Solution
We built a Luxembourg securitisation vehicle issuing CLNs - each deal gets its own compartment, so risk stays segregated. The output is a debt instrument that professional investors can custody, trade, and report on like any other fixed income position. No fund setup required.
Results Delivered
- Reduced marginal cost per transaction with multi-compartment structure
- Structured for professional investors in Switzerland and the EEA
- Enabled custody-ready, transferable notes for professional investors
CLN
Structure Type
CH/EEA
Jurisdictions
Per mandate
Setup Time
Multi-Compartment
Scalability
Real EstateEurope
Tokenized Real Estate Fund Launch
Swiss real-estate developer
The Challenge
A Swiss developer had a pipeline of properties and a target of EUR 50M. They also wanted secondary liquidity - something real estate funds almost never offer.
Our Solution
We structured a Luxembourg AIF with a tokenised sub fund. Security tokens are EVM-compatible. Subscriptions are automated, secondary trading happens on a regulated venue, and custody sits with institutional-calibre digital asset custodians.
Results Delivered
- Successfully raised €52M from 380+ investors
- Enabled T+2 secondary trading for token holders
- Achieved 40% cost reduction vs traditional structure
€52M
Capital Raised
380+
Investors
40%
Cost Reduction
Hedge FundsGlobal
Multi-Strategy Hedge Fund Platform
Multi-strategy manager
The Challenge
Three strategies - equity long/short, credit, and macro - under one roof. The manager needed each strategy ring-fenced with its own risk limits and P&L attribution, but didn't want to run three separate fund operations.
Our Solution
Master-feeder with strategy sleeves. Each sleeve has its own risk limits and attribution. Real-time P&L feeds into a single dashboard. Prime brokerage relationships consolidated. The compliance framework passed ODD from two of the most demanding allocators in the market.
Results Delivered
- Launched platform with $120M day-one AUM
- Onboarded 3 institutional LPs within 6 months
- Achieved operational due diligence approval from 2 allocators
- Reduced operational headcount requirement by 60%
$120M
Launch AUM
3
Institutional LPs
2
ODD Approvals
+60%
Op Efficiency
Common Questions
Frequently Asked Questions
A CLN is a debt instrument whose return is linked to an underlying asset or credit portfolio. HCP structures CLNs for issuing clients as custody-ready notes for professional investors, with service providers appointed per issuance. Whether a structure fits depends on the underlying, the investors and their regulators.
Yes. Through the Fume integration, HCP can add tokenised share classes (ERC-6909 standard) to existing fund structures. This enables fractional ownership, real-time NAV, and on-chain compliance without disrupting the existing operational framework. Traditional fiat subscriptions remain fully supported alongside tokenised rails.
A fund pools investor capital under a collective investment scheme with shared governance. A securitisation structure (like a CLN) packages specific assets or strategies into a debt instrument. HCP advises on which wrapper best fits the strategy, investor base, and regulatory requirements - often combining both within a single platform.
Every structure is built with audit-readiness as a design constraint, not an afterthought. This means complete documentation trails, deterministic compliance workflows, segregated custody, and reporting built for external audit.
Yes. Through the Fume integration, funds structured by HCP can accept stablecoin subscriptions - typically USDC - via AML-gated, whitelisted wallets. The process covers: investor onboarding, KYC/AML checks, and wallet whitelisting happen before any capital moves. Traditional fiat subscriptions remain fully supported.
HCP does not provide asset management or investment advice, does not place financial instruments with investors and does not hold client assets in custody.
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