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ARTICLE · 21 JUNE 2022

Luxembourg RAIF – Update June 2022

Chevalier & Sciales
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On 23 July 2016, Luxembourg adopted legislation creating a new type of fund vehicle, the reserved alternative investment fund (fonds d'investissement alternatif reservé, RAIF/FIAR for short)...

LuxembourgFinance and Banking
Olivier Sciales
Olivier Sciales
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Introduction

On 23 July 2016, Luxembourg adopted legislation creating a new type of fund vehicle, the reserved alternative investment fund (fonds d'investissement alternatif reservé, RAIF/FIAR for short), designed for well-informed investors and offering much greater speed to market than the existing specialised investment fund.

According to the Luxembourg trade register there are approximately 1,600 RAIFs, and among them, around 385 new RAIFs were created during the year 2021.

Key features

  • No direct regulation of fund by CSSF
  • Must have AIFMD-authorised manager
  • Minimum investment of €125,000 for non- professional investors and non-institutional investors
  • May take any legal form and follow any strategy

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