- 1 What is Raif?
- 2 What is an alternative investment fund AIF?
- 3 Is a Raif a SICAV?
- 4 Are Raif regulated?
- 5 Who can invest in AIF?
- 6 What should I invest in Cyprus?
- 7 How does an AIF work?
- 8 Can a Sicav be an AIF?
- 9 What is a Sicav SIF?
- 10 What is the difference between Sicav and UCITS?
- 11 How do I set up a Raif?
- 12 What is AIF Luxembourg?
- 13 What is a Luxembourg fund?
What is Raif?
The Reserved Alternative Investment Fund (RAIF) is an investment fund that can invest in all types of assets. It qualifies as alternative investment fund (AIF) and is not itself subject to CSSF product approval. RAIFs must appoint an authorised external Alternative Investment Fund Manager (AIFM).
What is an alternative investment fund AIF?
An alternative investment fund (AIF) is a collective investment scheme managed by an Alternative Investment Fund Manager (AIFM). The Alternative Investment Fund Managers Directive (Directive 2011/61/EU or “AIFMD”) is the legal basis for AIFs.
Is a Raif a SICAV?
A RAIF may also be structured as a SICAV (société d’investissement à capital variable or investment company with variable capital – SICAV RAIF) organised under any of the available corporate forms: private limited liability company (société à responsabilité limitée – S. Here again, the RAIF Law mirrors the SIF Law.
Are Raif regulated?
The RAIF is regulated under the AIFMD2 and benefits from the corresponding EU passport but is not supervised by the Commission de Surveillance du Secteur Financier (“CSSF”), making it an attractive vehicle from a time-to-market perspective.
Who can invest in AIF?
Eligibility Criteria. Investors can be Indian, NRI or foreign nationals. Minimum corpus should be Rs20cr for each scheme and Rs10cr for Angel Funds. Minimum investment by each investor should be Rs1cr or Rs25 lakh (in case of employees/director/fund manager of AIF).
What should I invest in Cyprus?
- ENERGY. Oil and gas The discovery of hydrocarbons in Cyprus’ Exclusive Economic Zone (EEZ) has created new and exciting prospects for Cyprus to become an energy hub in the Eastern Mediterranean.
- INVESTMENT FUNDS.
- INNOVATION AND STARTUPS.
- TOURISM AND HOSPITALITY.
- REAL ESTATE.
How does an AIF work?
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.
Can a Sicav be an AIF?
What else should I know? SIFs and SICARs are AIFs and either need to appoint an alternative investment fund manager (AIFM) or can be self-managed internally. If the set-up costs for a fully licensed AIFM are too high, the SIF or SICAR can appoint an existing fully licensed third-party AIFM.
What is a Sicav SIF?
A SICAV SIF is an onshore Luxembourg investment fund. A SIF takes a collective investment approach to investor funds and applies the principle of risk diversification. The structure can play host to a wide variety of asset types, including both traditional and alternative investment products.
What is the difference between Sicav and UCITS?
SICAV vs. They are traded on public market exchanges and operate with a fixed number of shares. UCITS structured SICAVs are actively cross-border marketed in Europe. They are one of Europe’s most actively traded investment products. The funds trade on exchanges in their designated currency.
How do I set up a Raif?
Collect the documents
- Draft. Offering memorandum of the Fund.
- Get the prospectus reviewed by depositary and AIFM.
- Open a transitory account with the depositary bank and pay initial capital (EUR 12,500)
- Prepare the start of the Fund operations with the depositary, the AIFM and the central administration.
What is AIF Luxembourg?
AIFs refer to all investment funds that are not covered by the EU Directive on UCITS and instead fall under the Alternative Investment Fund Manager Directive (AIFMD). This includes hedge funds, funds of hedge funds, venture capital, private equity funds and real estate funds.
What is a Luxembourg fund?
Luxembourg funds – Undertaking of Collective Investment in Transferrable Securities (UCITS) and Alternative Investment Funds (AIFs) – benefit from a “Product” passport enabling them to be distributed to investors in the EU and Economic European Area (EEA), following a notification procedure.