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Clifford Chance

Clifford Chance
Briefings

Briefings

Reserved Alternative Investment Funds

23 February 2016

Bill of law n°6929 (Bill 6929) relating to so-called "Reserved Alternative Investment Funds" (RAIFs)

The purpose of Bill 6929, which has been deposited with the Luxembourg Parliament on 14 December 2015, is to allow the creation and structuring of a new type of Luxembourg investment vehicle that will be restricted to alternative investment funds (AIFs) subject to the full AIFMD requirements and that are managed by an authorised external alternative investment fund manager (AIFM), which can be located either in Luxembourg, in another EU Member State, or in a third country once the AIFMD passport is available for third countries.

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