Luxembourg has added a new fund structure, the Reserved Alternative Investment Fund (RAIF), to the existing broad range of investment vehicles available to Investment Managers.
The AIFMD introduced a shift in the regulatory focus away from the Fund to the Manager. The RAIF sits well in this regulatory environment as only those Alternative Investment Fund Managers (AIFMs) authorised under the AIFMD will be permitted to manage a RAIF.
This brochure provides a brief overview of the new fund structure:
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