Luxembourg toolbox updated

by Silvia Saccardi 17 July 2023

The Ministry of Finance in Luxembourg has passed a bill that amends investment fund legislation relating to investment companies in risk capital (SICARs), specialised investment funds (SIFs), undertakings for collective investments (UCIs), alternative investment fund managers (AIFMs) and reserved alternative investment funds (RAIFs).

The main changes are as follows:

  • The threshold for a “well-informed investor” has been lowered from €125,000 to €100,000
  • RAIFs can be marketed in Luxembourg to all well-informed investors
  • The time to provide minimum capital for SICARs, SIFs, UCIs (Part II) and RAIFs has been extended from 12 to 24 months
  • AIFMs can appoint tied agents, which have to follow the same requirements as credit institutions and investment firms.

Categories: NewsFundraising & fund structuringDomicilesFund docsRegs & ComplianceAIFMDDomicileRegulatory updateTax

22 February 2024

Next stop – carried interest

Liquidity event delays are having an effect on waterfall calculation models

23 February 2024

Intapp makes advancements in generative AI

The cloud-based software solution has released a generative AI-enabled package of features designed to help deal teams with automating the processing of unstructured data

22 February 2024

Comment: What you need to know about ELTIF 2.0

Karma Samdup and Vicki Odette, partners at Haynes & Boone, examine how ELTIF 2.0 aims to unlock private market access for retail investors

21 February 2024

LISTEN: Top of the ops: Is the grass evergreener?

A conversation with Eurazeo's Luc Maruenda on setting up evergreen fund structures

21 February 2024

S&P acquires Visible Alpha

Company aims to bolster Capital IQ offering as it explores opportunities in wealth management services

21 February 2024

Napier AI secures £45m

The investment was made by US credit asset manager Crestline Investors