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ARTICLE · 21 DECEMBER 2018

RAIF Is Right For You: Fast, Flexible And Practical

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In a challenging and uncertain environment, where the UK's referendum vote to leave the European Union is yet another storm to face for fund managers and investors, the introduction of the Reserved Alternative Investment Fund ...

LuxembourgFinance and Banking
Jérémie Schaeffer
Jérémie Schaeffer
Suzana Guzu Mercea
Suzana Guzu Mercea

In a challenging and uncertain environment, where the UK's referendum vote to leave the European Union is yet another storm to face for fund managers and investors, the introduction of the Reserved Alternative Investment Fund (the RAIF) truly is a landmark in the development of the Luxembourg investment fund landscape. With the advent of the RAIF, Luxembourg proves it is, here again, willing to anticipate and address fund promoters' and investors' needs.

The Luxembourg Parliament voted on 14 July 2016 the law creating the RAIF (the RAIF Law). The RAIF is meant to close the gap between highly regulated investment vehicles and unregulated AIFs. Unlike the Luxembourg Undertakings for Collective Investment (UCIs), Specialised Investment Funds (SIFs) or investment companies in risk capital (SICARs), the RAIF is not subject to prior approval and direct supervision by the financial sector supervisory authority (CSSF). Indirectly supervised through its manager, it

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