ARTICLE · 08 MARCH 2024

Understanding AIFMD II: Loan Origination

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In a new series of briefings from our Investment Funds team in Luxembourg, we'll be summarising the upcoming changes to the Alternative Investment Fund Managers Directive (AIFMD).

European UnionStrategy

Anne-Gaelle Delabye

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In a new series of briefings from our Investment Funds team in Luxembourg, we'll be summarising the upcoming changes to the Alternative Investment Fund Managers Directive (AIFMD).¹

The long-awaited amendments to directive, (the AIFMD II²) were adopted by the European Council on 26 February 2024 and will enter into force 20 days after its publication in the EU Official Journal. Member States will have 24 months to transpose it into their national laws.

In this first article, we'll be focusing on loan origination, its definition under AIFMD II, and what to expect when the changes come into force.

AIFMD II and loan origination

Recognising the market reality and the importance of deploying private capital to the economy as a part of the EU's plan to further strengthen the Capital Markets Union, a focus of the EU Commission is the granting of loans by alternative investment funds (AIFs).

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