In light of DFSA's recent Consultation Paper No. 158, published on March 19, 2024, the DFSA has amended its credit fund framework to broaden access for DFSA-authorized fund managers. This update took effect on August 1, 2024.

Notably, Fund Managers are now authorized to manage credit funds established outside the DIFC, i.e., External Credit Funds, provided that specific disclosure requirements are met and these funds meet the criteria for Qualified Investor Funds, as defined under the Collective Investment Law DIFC Law No. 2 of 2010.

Specifically, this entails:
1. Units are offered exclusively to individuals through Private Placement.
2. Units are available only to persons classified as Professional Clients.
3. A minimum initial subscription of USD 500,000 is required for any person to become a Unitholder in the Fund.