RAIF's permitted investors: legal, regulatory and tax considerations
Luxembourg Reserved Alternative Investment Funds Law - theory and case study method series
Luxembourg RAIF Law: theory and case study method series: The Luxembourg legislator launched in 2016 a hybrid unregulated fund which could onboard specific types of investors. As such a RAIF, similarly to SIFs and SICARs, is a product tailored for professional investors under MiFID but also a specific type of retail investors, i.e. investors falling into the “other well-informed investor” category.
The purpose of this training is to help participants to understand if and how a RAIF could be tailored depending on the type of investors targeted by the manager. With the first session of this series directed to investments to be pursued by the RAIF (i.e. the level under the RAIF) and this session focussing on the investors to be targeted and accepted by the RAIF (i.e. the level above the RAIF), participants should now be prepared to better structure, or at least assess how a RAIF could be the preferred fund form for their investors and investments. Participants will have the chance to work through several case studies in order to assert the understanding of the topic discussed.
Ezechiel Havrenne is currently lecturer - Investment Funds at the University of Luxembourg. Previously, he was a partner at NautaDutilh and lead the Luxembourg investment funds structuring and regulatory practice of the firm. He built a large portfolio of clients and friends and dedicated tremendous time and energy to help them achieve their goals. He counted among his clients large international private equity firms, global real estate firms, banks, financial groups, institutional investors, and mutual fund promoters.