Setting Up a Variable Capital Company Sub-Fund in 2026: What’s Changed and Why Asset Managers Are Taking Notice
Singapore's Variable Capital Company (VCC) framework has matured significantly since its 2020 launch. As at Q1 2026, more than 1,100 VCCs are registered with ACRA, managed by approximately 600 MAS-licensed fund management companies. Yet one area where even experienced fund managers make costly mistakes is at the sub-fund level — the layer within a VCC [...]