The Cayman Islands is an expensive and slow domicile, so it is not recommended to set up funds in the Caymans. A less expensive, less regulated, but also slow domicile is BVI, and Decile Partners can work to set a fund up there. Assume that it will take four to six months to set up, and assume that you need a $10 MM or greater fund size to cover the various setup fees and annual fund administration expenses.