RAIF, The Reserved Alternative Investment Funds in Luxembourg – AIMA journal

​In the rapidly shifting, legal, regulatory and fiscal environments affecting the international investment funds industry, providing a stable and reliable structuring framework while keeping up with the pace of innovation is a delicate balancing act.

In order to achieve this, Luxembourg has readily embraced the paradigm shift towards ever-more harmonised regulation in the alternative investment funds industry, precipitated by the G20 in the aftermath of the 2008 financial crisis.

Shortly before the end of 2015, a bill of law was tabled to the Luxembourg Conseil d’État with the aim to introduce into Luxembourg law a new investment fund framework combining the strengths of the SIF and SICAR regimes with the flexibility of the modernised limited partnership forms under a new acronym: the RAIF (the “reserved alternative investment fund” regime) or FIAR (fonds d’investissement alternatif réservé). The availability of the RAIF will be reserved for authorised AIFMs, which may be based in Luxembourg, any other EU Member State or, if and when the AIFM management passport is introduced, for third country AIFMs.

Read more about this new regime with our head of London office and partner in Private Equity & Real EstateCamille Bourkeand our Senior Associate in Investment ManagementJérôme Lasserre, in the article they wrote in the AIMA journal (Alternative Investment Management Association).

Full article below. 

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Camille Bourke

Head of Office, Partner