Incorporated in 2007 by Dirk Theunis Coetzer and Johannes Petrus Roux, Fermion Capital Sarl manages the Fermion equity fund and any other Luxembourg securitization fund required by the firm's shareholders. Fermion Capital Sarl is registered as a Special Limited Partnership (SLP) in Luxembourg.
An SLP represents a flexible partnership between several parties in a business without a legal personality. The two parties (general partner and investor) are liable for any debts accrued or obligations of the company. The general partner is responsible for the company structure. In contrast, the limited partner sets the partners' contributions calculations to the company in cash or in kind. However, everyone makes decisions regarding majority rules, new partners' admission, dividend payment terms, and the liquidation process.
However, unlike the traditional one share one vote rule in other business partnerships, SLP voting terms tend to be more flexible and depend on the agreement between partners. The Luxembourg Trade Register regulates and registers SLPs. If the SLP is meant to control another entity, for example, a venture capital company, then the SLP is exempt from corporate income tax and business and wealth tax.
An SLP represents a flexible partnership between several parties in a business without a legal personality. The two parties (general partner and investor) are liable for any debts accrued or obligations of the company. The general partner is responsible for the company structure. In contrast, the limited partner sets the partners' contributions calculations to the company in cash or in kind. However, everyone makes decisions regarding majority rules, new partners' admission, dividend payment terms, and the liquidation process.
However, unlike the traditional one share one vote rule in other business partnerships, SLP voting terms tend to be more flexible and depend on the agreement between partners. The Luxembourg Trade Register regulates and registers SLPs. If the SLP is meant to control another entity, for example, a venture capital company, then the SLP is exempt from corporate income tax and business and wealth tax.