LUXEMBOURG RESERVED ALTERNATIVE INVESTMENT FUND
The Reserved Alternative Investment Fund (RAIF) is an investment fund that can invest in all types of assets. It qualifies as alternative investment fund (AIF) and is not itself subject to CSSF product approval. RAIFs must appoint an authorised external Alternative Investment Fund Manager (AIFM).
nvestment in a RAIF is limited to “well-informed” investors that are able to adequately assess the risks associated with an investment in such a vehicle. These are defined as institutional investors, professional investors and investors who have confirmed in writing that they adhere to the “well-informed” investor status, and who either invest a minimum of EUR 125,000 in the RAIF or have been assessed by a credit institution, investment firm or management company which certifies the investor’s expertise, experience and knowledge in adequately appraising an investment in the RAIF.
RAIFs are subject to the Luxembourg Law of 23 July 2016 (the RAIF Law). Moreover, the Luxembourg law of 12 July 2013 on Alternative Investment Fund Managers (AIFM Law) applies.
The goal of the Fund, on behalf of investors, is to invest in commercial and/or residential projects that gave a high ROI for investors. The strategy is mainly to : investing in projects (lands, houses), developping the whole projects and proceed to the sales afterwards.