Damalion has launched a new online guide about the RAIF (reserved alternative investment fund). The Luxembourg RAIF belongs to the family of unregulated investment funds.
The RAIF is subject to the Luxembourg Law of 23 July 2016 (the RAIF Law) and the AIFM law (Alternative Investment Fund Managers) of 23 July 2016.
By principle, a RAIF can invest in a wide range of assets. As an AIF (alternative investment fund) , this investment vehicle is not subject to the prior approval by the CSSF (Commission de Surveillance du Secteur Financier).
An external AIFM (Alternative Investment Fund Manager) must be appointed to manage the RAIF. When the RAIF is domiciled into the European Union, it can distribute its products, its shares, units or partnership interests through European passport.
The RAIF is open to investors qualified as “well informed”. A well-informed investors can articulate and assess the risks which may occur when one invests into this type of investment fund. A well-informed investor may be an institutional investor, a professional investor or an investor who confirms in written that she or he adheres to the investor status of “well-informed” investor and decides to invest a minimum of Eur 125,000 in the Luxembourg Reserved Alternative Investment Fund or he has been qualified by a credit institution, investment firm of a Manco (Management company) as a “well-informed investor” and such a professional certifies the investor’s knowledge, experience and expertise to appraise adequately an investment to be done in the Luxembourg Reserved Alternative Investment Fund (RAIF).
The RAIF online guide can be visited here. Contact your Damalion expert now to assist you with the setup of your Luxembourg RAIF.
