The article discusses the different private fund options available in Singapore, a popular fund management hub. It explains the key legal issues and considerations for fund managers and investors when setting up a private fund. Singapore offers various fund structures, including the Variable Capital Company (VCC) and limited partnerships, to cater to different fund strategies. The use of private investment funds in Singapore has grown due to the country's pro-business environment and tax incentives. The VCC structure, introduced in 2020, allows for segregated assets and liabilities within a corporate structure. Fund managers looking to tap into Asian capital or invest in Asia should be aware of the available options and their benefits.