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Corporate Insolvency & Bankruptcy

Premium Point Funds

Effective 4 January 2022, Teneo, the global CEO advisory firm, acquired KPMG’s Cayman and British Virgin Islands restructuring business. As a result of the acquisition, the Joint Official Liquidators ("JOLs") and their team are now part of Teneo and will continue to administer the liquidation of the Premium Point Funds.

The JOLs have retained all records associated with the liquidation of the Premium Point Funds and as such there is no requirement for creditors to resubmit information or claims sent to the JOLs prior to 4 January 2022.

Queries relating to the liquidation should be directed to the JOLs via email to The JOLs have access to all previous emails sent to or from the JOLs and their team.

During the course of May and June 2017, Kris Beighton and Jeffrey Stower were appointed Joint Voluntary Liquidators (“JVLs”) of Premium Point ERISA Master Mortgage Credit Fund, Ltd and Premium Point ERISA Offshore Mortgage Credit Fund, Ltd (together “ERISA Entities”), Premium Point Master Mortgage Credit Fund, Ltd and Premium Point Offshore Mortgage Credit Fund, Ltd (together “MCF Entities”), Premium Point Master New Issue Opportunity Fund, Ltd, Premium Point Offshore New Issue Opportunity Fund, Ltd, Premium Point Mini-Master New Issue Opportunity Fund, Ltd, and PPI Acq, Ltd (together “NIOF Entities”) (altogether “the Companies”).

On 14 December 2017, a hearing with respect to the JVLs’ application for supervision was held in the Grand Court of the Cayman Islands (“Grand Court”). Subsequently an order was made on 21 December 2017 to continue the liquidation of the Companies under the supervision of the Grand Court and Kris Beighton ("Mr. Beighton") and Jeffrey Stower were appointed JOLs of the Companies.

On 31 March 2021, Mr. Beighton retired as a partner at his employer at the time and proposed that Jason Robinson ("Mr. Robinson") be appointed as the successor JOL for the Companies. The JOLs made an application to the Grand Court on 16 April 2021 and on 23 April 2021 the Grand Court made an order to replace Mr. Beighton with the Mr. Robinson as JOL.

The purpose of this website is to provide updates and notifications to the stakeholders of the Companies.

You will note that all downloadable documents are password protected. Passwords for these documents will be provided to all parties whom the JOLs believe are entitled to have access. Please contact the JOLs at the email address above to arrange access.

Regulatory Information

Regulatory Information

Teneo refers to Teneo Holdings LLC and its subsidiaries and affiliates worldwide. Securities products and services are offered in the United States by Teneo Securities LLC, member of FINRA and SIPC.

Details of the entity providing services, legal and regulatory information in respect of the Teneo entity are also included in our engagement letters.

Teneo Financial Advisory (DIFC) Limited is authorised and regulated by the Dubai Financial Services Authority for the provision of Advising on Financial Products or Credit and Arranging Credit or Deals in Investment services

Please see Terms of Use for full legal notices and further information.

Specific information relating to our regulated entities which provide services to clients is detailed below:

Registered NameLegal FormRegistration Location and ReferenceRegistered OfficeData ProtectionRegulator(s)Professional Indemnity Insurance
Teneo Financial Advisory LimitedLimited CompanyEngland & Wales, 131929585th Floor, 6 More London Place, London, SE1 2DAUK - ZA920639The Institute of Chartered Accountants in England and Wales (“ICAEW”) C008873136. All insolvency practitioners are licenced by the ICAEW. ICAEW Designated Professional Body licence for a range of investment business activities.Details of the professional indemnity insurer can be provided on request.
Teneo Securities LLCLimited Liability CompanyUSA - Delaware280 Park Avenue, 4th Floor, New York, NY 10017N/AFinancial Industry Regulatory Authority (FINRA) #151256. Securities and Exchange Commission (SEC).Details of the professional indemnity insurer can be provided on request.

Teneo Securities LLC’s Business Continuity Planning

Teneo Securities LLC has developed a Business Continuity Plan (“BCP”) on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our BCP.

The Firm has developed and installed a BCP in the case of any business disruption that causes the Firm to have limited or no communications with its employees or customers. Our plan anticipates two types of business disruptions, internal disruptions which affect only our Firm’s ability to do business (such as a fire in our building) and external disruptions that prevent the operation of securities markets or other firms (such as natural disasters or acts of war).

The Firm intends to stay in business during both internal and external disruptions due to the fact that the Firm employees can conduct Firm related business from alternate off-site physical locations and the Firm maintains an alternate location for the maintenance of its books and records. We anticipate that the Firm will recover from internal business disruptions within 24-48 hours. An outage due to an external business disruption may be longer and is beyond the control of the Firm. However, the Firm will endeavor to resume business as soon as it is possible for the Firm to establish business operations from alternate off-site physical locations.

The Firm’s BCP specifically addresses the following areas related to Firm operations:

  • Data back-up and recovery (hard copy and electronic);
  • All mission critical systems;
  • Procedures to test and determine the Firm’s ability to do business (i.e., financial and operational assessments);
  • Alternate communications between customers and the Firm;
  • Alternate communications between the Firm and its employees;
  • Alternate physical location of employees;
  • Critical business constituent, bank, and counter-party impact;
  • Regulatory reporting; and
  • Communications with regulators.

If you have questions about our business continuity planning, you can contact us (212) 886-1600.