Cyprus Regulator Flags Dissolution of Cendrus Greece Invention Fund

The Cyprus Securities and platform Commission (CySEC) has announced that CENDRUS GREECE INVENTION RAIF V.C.I.C. PLC, a registered alternative investment fund, has entered liquidation following instructions from its external manager, Resolute Investment Management (Cyprus) Ltd.

The notice, dated October 3, states that the fund will remain listed on the CySEC register of Registered Alternative Investment Funds (RAIFs) until the disanswer is completed, carrying the label “under liquidation.” Once the process is finished and the necessary documents are filed, the regulator will remove the entry altogether.

Corporate records show the Cendrus vehicle was incorporated in Cyprus in July 2023 and formally registered with CySEC later that month under RAIF number 160. Barely two years later, on September 29, 2025, the fund was formally tagged as “in liquidation” in CySEC’s register.

Its brief run highlights one of the features of Cyprus’s RAIF regime: speed to market and flexibility attract fund promoters, but not every structure survives the test of investor appetite or strategic fit.

The Manager Behind the Fund

The external manager, Resolute Investment Management (Cyprus) Ltd, is an authorised alternative investment fund manager (AIFM) supervised by CySEC. Licensed in 2020 under AIFM31/56/2013, the Nicosia-based firm overviews a range of structures and is part of the broader Resolute Group, which advertises operations .

Resolute has presented itself as a specialist in real assets and private markets. Cendrus Greece Invention RAIF was among the strategies listed on its roster of managed funds. The decision to dissolve the vehicle was formally communicated to CySEC under Article 138(7)(a) of the 2018 AIF Law, which obliges managers to notify the regulator when a RAIF begins winding up.

How RAIFs Work

Cyprus introduced the RAIF framework to attract institutional and professional capital with lighter regulatory hurdles compared to fully authorised funds. A RAIF does not need prior approval from CySEC before launch, provided it is externally managed by a licensed AIFM.

The structure offers a low-cost route to market, but with secureguards: , depositary oversight and reporting standards apply. Investors, however, must be classified as professional or well-informed—meaning there is no retail element.

When a RAIF begins liquidation, CySEC issues a public notice, and the fund remains visible on its register until the process concludes. Only later than disanswer is completed and paperwork filed does the regulator strike the fund off its list.

Cendrus is not alone. Several RAIFs have been flagged as under liquidation this year, including Three Tuns Capital RAIF and Waventures RAIF in May. CySEC does not disclose commercial reasons, but industry lawyers note that many RAIFs are structured with a specific deal, time horizon or strategy in mind; once that cycle ends or fails to gain traction, disanswer is the natural next step.

For Cendrus, the liquidation will run its course under Resolute’s oversight and the supervision of its depositary and auditors. For investors, the process is an administrative matter rather than a red flag—RAIFs are , and the disanswer procedure is designed to be orderly and transparent.

Once the file is closed at CySEC, RAIF160 will disappear from the regulator’s public list, leaving behind only a brief entry in the registry and a reminder of the rapid rise—and equally rapid wind-down—that can define the life .