SAN JUAN, PR / ACCESS Newswire / December 12, 2025 / LemVega Capital LLC, a San Juan-based alternative investment manager, has closed a landmark strategic partnership with a prominent Abu Dhabi-based Emirati principal to establish the LemVega Capital Sovereign Fund, L.P., the first institutional-grade feeder/master fund investment platform explicitly designed to unite the long-term economic destinies of Puerto Rico and the United Arab Emirates.
The fund is structured as a permanent co-controlled vehicle with five dedicated areas (Media, Infrastructure, Industrial, Real Estate, and Tourism), each aligned with the stated national development priorities of both jurisdictions. Governance includes joint authority, discretionary co-management, and unanimous decision-making, a framework typically reserved for sovereign and multi-generational family capital.
"This is not a conventional fund and it is not a one-off co-investment," said Caroline Farah Lembck, Founder and Managing Partner of LemVega Capital. "It is the deliberate creation of a new global investment corridor that permanently links the structural advantages of Puerto Rico and the UAE. Together, these two jurisdictions offer something no other bilateral pairing can match: U.S.-aligned regulatory credibility and permanent tax efficiency sovereign proximity and unmatched connectivity to both Western and emerging-market capital networks."
A Rare Structural Convergence
Few places in the world combine the attributes that Puerto Rico and the UAE now bring to the table:
Puerto Rico (via Act 60) delivers 0% capital gains tax, a 4% corporate rate, full U.S. federal compliance, and English-common-law courts, making it the most attractive onshore U.S. jurisdiction for global private capital.
The UAE, through ADGM and DIFC, provides common-law financial centers with sovereign backing, zero tax on most investment flows, and privileged access to Middle Eastern, African, and South Asian growth markets.
When fused, the combination creates a single investment platform that is simultaneously U.S.-credible, tax-optimized, sovereign-adjacent, and globally connected, an architecture previously unavailable to institutional and ultra-high-net-worth allocators.
Five Areas Reflecting Shared National Ambitions
Media, Infrastructure, Industrial, Real Estate, Tourism
Early Institutional Interest
Since soft-circulation of the subscription documents, the platform has received indications of interest from:
Several endowments, multiple European single- and multi-family offices with $5 billion+ AUM, sovereign-adjacent vehicles in the Gulf and wider GCC, insurance companies and government pension plans
One early limited partner, speaking on background, described the structure as "the most elegant cross-jurisdictional solution we have seen in two decades of global investing."
A Permanent Economic Bridge
Beyond capital deployment, the LemVega Capital Sovereign Fund establishes a durable institutional relationship between San Juan and Abu Dhabi, one that both sides intend to expand over decades through follow-on vehicles, co-investment offerings, and policy coordination.
In an era of deglobalization and geopolitical fragmentation, the partnership demonstrates that carefully selected jurisdictions can still create new axes of cooperation that are deeper, more permanent, and mutually reinforcing.
About LemVega Capital LLC
Headquartered in San Juan, Puerto Rico, LemVega Capital is a leading alternative investment manager focused on tax-efficient private markets strategies for institutional and ultra-high-net-worth investors worldwide. The firm specializes in cross-border structuring, quantitative deal selection, and permanent-capital vehicles.
Qualified institutional inquiries:
info@lemvegacapital.com
+1 787-688-9718
LemVega Capital operates offices in the U.S., Puerto Rico and the UAE.
SOURCE: LemVega Capital
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