What is the RAIF and what is the purpose behind the adoption of the RAIF?
Hance Law Fund Lawyer explains the benefits of the RAIF comparated to other investment fund vehicle in Luxembourg
The Specialised Investment Fund vehicle, the so-called “SIF” has been a tremendous success in the investment funds universe in Luxembourg, the European capital of investments. Nevertheless, it takes a lot of time to set up a SIF due to the fact that it is subject to an authorization procedure before the CSSF, the Luxembourg supervising authority of the financial sector.
Here comes the RAIF.
RAIF’s main benefit derives from a time-to-market perspective as it can be constituted much faster in comparison with other investment vehicles such as the SIF.