This Back to Basics note follows our key concepts briefings,
which intend to provide high-level insights regarding funds
fundamentals, funds vehicles and operational considerations,
available here.
What is a SCSp?
The Luxembourg special limited partnership
(société en commandite
spéciale–SCSp) is a fund
structure introduced in 2013 following the adoption of the law of
12 July 2013 on alternative investment fund managers
(theAIFM Law). The SCSp differs from the common
limited partnership (société en commandite
simple-SCS) notably by the fact that it does
not have legal personality.
SCSps are subject to the law of 10 august 1915 on commercial
compagnies (the1915 Law) and to the AIFM Law to
the extent that it qualifies as an alternative investment fund
(AIF). It can in addition be subject to a product
regime when used for a regulated fund vehicle (Part II UCI, SIF,
SICAR or RAIF).
