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ARTICLE · 09 MAY 2025

The RAIF Regime - Update May 2025

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

The reserved alternative investment fund ("RAIF(s)") was first introduced by the Law of 23 July 2016 ("RAIF Law")1 and has since enjoyed great success. The RAIF is a Luxembourg undertaking for collective investment...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

Introduction

The reserved alternative investment fund ("RAIF(s)") was first introduced by the Law of 23 July 2016 ("RAIF Law")1 and has since enjoyed great success. The RAIF is a Luxembourg undertaking for collective investment ("UCI(s)") qualifying as alternative investment fund ("AIF(s)") managed by an authorised alternative investment fund manager ("AIFM(s)") within the meaning of the AIFMD2, but is not supervised by the Commission de Surveillance du Secteur Financier ("CSSF"), making it an attractive vehicle from a time-to-market perspective. The scope of eligible investors includes not only institutional investors and professional investors but also other types of well-informed investors, such as sophisticated private investors meeting certain conditions.

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