Reserved Alternative Investment Fund (RAIF)
A flexible and efficient investment structure
At ISEC, promoting diversity in the financial market is a core objective. Our unique possibility of offering the fund vehicle Reserved Alternative Investment Fund, we are allowing Nordic fund managers to launch Luxembourg-domiciled funds through our fund hotel in Stockholm.
With a rapid time-to-market and flexibility in investment strategy, focus, and instrument types, the RAIF structure empowers professional portfolio managers to reach investors with compelling products.
Key characteristics of RAIF
The RAIF structure provides a flexible investment fund that can invest in all types of assets and is particularly attractive to well-informed investors. The following characteristics are based on information from ALFI’s guide to Luxembourg Reserved Alternative Investment Funds (RAIF)
Regulation
RAIFs are subject to the Luxembourg Law of 23 July 2016 but are not directly supervised by the Commission de Surveillance du Secteur Financier (CSSF).
Investor qualification
The RAIF is designed for well-informed investors and offers investment opportunities in all kinds of assets.
Flexibility
RAIFs can be set up quickly without the need for approval from the local authority, offering a swift time-to-market.
Diversification
They adhere to the principle of investment risk diversification and can be created as multi-compartment structures.
AIFMD Compliance
RAIFs must appoint a European manager with AIFM status, allowing them to operate under the Alternative Investment Fund Managers Directive (AIFMD).
Marketing Passport
They benefit from the AIFM’s marketing passport for distribution to professional investors within the European Economic Area.
Taxation
RAIFs are subject to certain taxes, including an annual subscription tax based on the net asset value of the fund.
Do you have questions regarding RAIF?
Helena Unander-Scharin
CEO ISEC Services AB, Head of ManCo Services
Contact me
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