Luxembourg Investment Vehicles
RAIF only with authorised AIFM
Entity Type
■Legal and regulatory requirements ■ Shareholding
■Reporting requirements ■ Approval and supervision
■ Taxation
Supervised Investment Vehicles
SCS (AIF)
SCSP (AIF)
SICAV/SICAF (SA, SCA, Sàrl, SCOSA, SCS, SCSP)
It has its own legal personality distinct from its partners
FCP
Structures may be open or closed-ended.
Segregated sub-funds
Yes.
Cross sub-funds investment
Yes, with restrictions.
Master - Feeder
Yes.
Central administration
Central administration established in Luxembourg.
No.
No.
Yes.
It has no legal personality distinct from its partners (however still benefits
from main attributes generally attached to legal personality) e.g. the
holding of assets and the creditors.
No.
No.
Yes.
Central administration established in Luxembourg.
Central administration established in Luxembourg.
Required service providers in Luxembourg
Depositary - eligible entity under AIFM law.
Réviseur d'entreprises agréé.
Depositary - eligible entity under AIFM law.
Réviseur d'entreprises agréé.
Depositary - eligible entity under AIFM law.
Réviseur d'entreprises agréé.
Luxembourg Investment Vehicles
KPMG
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