Ann-Louise McCaffrey, account manager ISEC & Mette Østerbye Vejen, CEO CABA Capital
When CABA Capital set out to expand internationally, they needed a fund structure and an AIFM partner that could support growth without adding complexity. Together with ISEC, CABA launched CABA Flex2 using the Luxembourg RAIF structure, enabling fast setup, European distribution under AIFMD, and long-term scalability.
The partnership is built on regulatory expertise, operational efficiency and a shared Scandinavian mindset.
The challenge
CABA Capital is a Danish hedge fund manager focused on fixed-income strategies within the Scandinavian bond markets. Their ambition was clear:
to scale internationally while staying true to a disciplined, transparent investment philosophy.
This required:
- access to a broader international investor base
- a flexible and well-recognized fund structure
- an AIFM partner that understands both regulation and culture
The solution: RAIF with ISEC as AIFM
The RAIF structure provided the right balance between speed, flexibility and credibility.
ISEC manages the regulatory and administrative responsibilities, allowing CABA to focus fully on portfolio management and investors.
With ISEC as AIFM, CABA benefits from:
- efficient fund setup in Luxembourg
- the ability to market across Europe under AIFMD
- fewer investment constraints compared to UCITS
- hands-on regulatory and operational support
Why the partnership works
What sets the collaboration apart is not only technical expertise, but the way of working.
The partnership is defined by:
- smooth and transparent onboarding
- proactive communication and problem-solving
- close collaboration through a dedicated contact at ISEC
- shared values around trust, simplicity and long-term thinking
“ISECs RAIF platform is tailored for boutique managers like us, and their responsiveness and flexibility have been exceptional“
Mette Østerbye Vejen
CEO, Partner @ Fondsmæglerselskabet CABA Capital A/S
Looking ahead
With CABA Flex2 successfully launched and performing since inception, the partnership continues to grow.
Next steps include:
- additional fund structures and share classes
- expanded international distribution
- continued product development within fixed income
Want to explore a RAIF setup?
If you are an asset manager considering a Luxembourg RAIF structure and looking for a reliable AIFM partner, let’s talk.
Contact
Alexander Liljengren
ISEC
