Corinth Group Private Equity — The RAIF That Was Dissolved

corinth group private equity corinth private equity fund corinth capital raif corinth group investment fund

6+Fraud Reports

7Jurisdictions

12+Years Active

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0 currentRegulatory Licences

The Corinth Group established a Registered Alternative Investment Fund (RAIF) in Cyprus. This page documents the fund's creation, the revocation of its manager's licence, and its subsequent dissolution.

The Corinth Capital RAIF

Corinth Capital RAIF V.C.I.C. Ltd (HE 409232) was a Registered Alternative Investment Fund established in Cyprus under the management of Corinth Fund Management Ltd (HE 428770). The fund manager obtained an Alternative Investment Fund Manager (AIFM) licence from CySEC (AIFM48/56/2013) in approximately February 2022 [CySEC AIFM register; Cyprus Registrar of Companies].

Licence Revocation

On 3 October 2022, CySEC revoked the AIFM licence — after only approximately 7.5 months. This is an extraordinarily short period for a regulatory licence. The stated grounds for revocation were conditions not being met. CySEC's decision is published in its register of AIF managers [CySEC decision register].

Fund Dissolution

Following the licence revocation, the Corinth Capital RAIF was dissolved in January 2023. SCSS Fund Management Ltd, the external fund administrator, had Socrates Fekkas (then CEO of EXNESS, a major Cyprus forex firm) on its board — creating what the author considers a notable dual-role situation between fund administration and unrelated commercial interests [Cyprus Registrar of Companies].

Impact on Investors

No public information is available regarding returns to investors in the Corinth Capital RAIF. The fund's dissolution following its manager's licence revocation raises questions about what assets, if any, were under management and what happened to investor capital [CySEC register, Cyprus company filings].

Key Facts

Corinth Capital RAIF (HE 409232) — dissolved January 2023
CySEC AIFM licence revoked October 2022 after ~7.5 months
SCSS Fund Management administered the fund — Sokrates Fekkas on board
No public information on returns to investors
Corinth Fund Management Ltd (HE 428770) — licence holder, revoked

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