Luxembourg Investment Vehicle Overview
My target clients are institutional investors,
so I'll go for an AIF: How does it work?
A UCI ("Part II fund") is not
a good option in this case
(rigorous approval process
and not viable when there
are no retail targets). You
would be better off going for
a SIF (specialised investment
fund) or a SICAR (investment
company in risk capital).
SIF
• ALL asset classes are eligible, with or
without leverage
• Minimal investment restrictions
apply (in principle, no more than
30% of the fund's assets in ONE
single investment and about 4 or 5
investments in total)
• A SIF can be an FCP or a SICAV/
SICAF
SICAR
Only risk capital is permitted, plus
certain real estate with development
factor (e.g. transforming London dock
warehouses into exclusive lofts and
then selling them on while realising
gains)
Only one (or more) investments are
possible, no investment restrictions
AIFView entire presentation