The Bermuda Monetary Authority published a notice confirming that the Supreme Court of Bermuda has ordered the winding up of Rapture Global Investment Fund Ltd after the Authority petitioned under section 36(2) of the Investment Funds Act 2006 and Part XIII of the Companies Act 1981. By order dated 4 September 2025, the company was wound up and the Official Receiver was appointed as provisional liquidator. Rapture Global Investment Fund Ltd was incorporated in Bermuda on 7 June 2017 and authorised by the Authority as an Institutional Fund on 15 August 2017. The Authority cited breaches of the Investment Funds Act 2006 and the Investment Fund Rules 2019, including failure to conduct business in a prudent manner, failure to prepare audited financial statements, failure to file annual statements on compliance or non-compliance, failure to maintain a Bermuda representative with access to the fund’s books and records, and failure to file quarterly net asset valuations. The Authority considered the breaches significant given their duration and breadth and the company’s failure to remediate, and concluded that the company and its operators were unable to achieve or sustain compliance with the Investment Funds Act.

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