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ARTICLE · 25 OCTOBER 2012

The New Special Limited Partnership

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

The SLP is a partnership entered into by one or more general partners (GPs) with unlimited and joint and several liability for all the SLP’s obligations, with one or more limited partners (LPs) contributing only a speci!c amount pursuant to the provisions of the limited partnership agreement (LPA). It does not constitute a legal person separate from that of its partners.

LuxembourgFinance and Banking
Katia Panichi
Katia Panichi

The SLP is a partnership entered into by one or more general partners (GPs) with unlimited and joint and several liability for all the SLP's obligations, with one or more limited partners (LPs) contributing only a speci!c amount pursuant to the provisions of the limited partnership agreement (LPA). It does not constitute a legal person separate from that of its partners.

The SLP may be used by regulated and non-regulated entities whether qualifying as alternative investment funds under the AIFMD or not. Thus, regulated investment vehicles such as the Specialised Investment Fund (SIF) and the Investment Company in Risk Capital (SICAR) may adopt the legal form of the SLP with the inherent structural and tax advantages which this new type of investment vehicle will entail. Similarly, non-regulated !nancial participation companies (SOPARFIs) may also adopt this legal form.

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