Looking back on the first year of the Reserved Alternative Investment Fund (RAIF)
(WorldNews Netherlands)

The Reserved Alternative Investment Fund (`RAIF`), was introduced by Luxembourg law on 23 July 2016 (the `RAIF Law`). The RAIF combines the characteristics and structuring flexibilities of Luxembourg regulated Specialised Investment Funds (SIFs) and investment companies in risk capital (SICARs), however, the RAIF is not subject to Commission de Surveillance du Secteur Financier(CSSF) approval before it is launched, nor is it subject to CSSF supervision once launched. This feature allows for a significantly reduced time-to-market for new fund launches. The RAIF regime is reserved for AIFs which appoint a duly authorised AIFM (in Luxembourg or in any other EU Member State) as their external...