The directive amending the Alternative Investment Fund Managers
Directive ("AIFMD 2.0") must be
transposed into the national law of European Union
("EU") member states by 16 April 2026.
It will introduce for the first time a harmonised pan-European
regime for loan-origination funds, with managers of such funds
being able to avail of an EU-wide management and marketing
passport.
Some of the new rules in AIFMD 2.0 will apply to all AIFs
engaged in loan origination activity, while other requirements will
only apply to AIFs that come within the definition of a
"loan-originating AIF"
("LOFs").
An LOF is defined as an AIF:
- having an investment strategy that is mainly to originate
loans; or
