As previously discussed the specialised investment fund (the “SIF”) is reserved to well-informed investors. Well-informed investors are:
institutional investors;
professional investors; or
any other investors who meets the following conditions:
she/he has confirmed in writing that he adheres to the status of a well-informed investor; and
she/he invests a minimum of EUR 125,000 in the SIF; or
she/he has been assessed by:
a credit institution;
an investment firm;
a management company;
certifying her/his
expertise,
experience; and
knowledge,
in adequately appraising an investment in the SIF.
The last category is frequently used by high-net-worth individuals (HNWI).
These conditions are not applicable to directors or other persons who intervene in the management of the SIF.
References: Article 2(1) & (2) of the amended law on SIF of 13 February 2007; Specialised Investment Fund (SIF), September 25, 2020, Bertrand Mariaux.
Contributor: Cédric Buisine, Avocat
*Podcast #279:
*YouTube Video 268|:
Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)