Luxembourg already possesses a range of structures, both regulated and unregulated, that are used for the establishment of alternative investment funds. However, the Reserved Alternative Investment Fund represents an important addition to the toolbox as a vehicle that offers the speed and flexibility of not requiring initial regulatory approval nor ongoing supervision but is nevertheless AIFMD-compliant.
The below table shows at a glance the most important features of the RAIF by comparison with existing alternative fund structures in Luxembourg, including SIFs, SICARs and unregulated special limited partnerships, as well as ordinary Luxembourg companies. It covers aspects such as eligible investors and assets, AIFMD status, regulatory oversight, service provider requirements, sub-funds and taxation.
(Click here to download the comparison table)
Olivier Sciales
Chevalier & Sciales
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Email: oliviersciales@cs-avocats.lu
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
