Reserved alternative investment funds (“RAIF”) must qualify as alternative investment funds (“AIF”) under the Law of 12 July 2013 on alternative investment fund managers (the “AIFM Law”).

Under applicable provisions every RAIF must be managed by an alternative investment fund manager (“AIFM”).

A RAIF may then benefit from the European passport. The RAIF’s AIFM may market the RAIF’s securities or partnership interests to professional investors within the EU through a regulator-to-regulator notification regime.

References: Articles 1(1)a, 4(1) and 50 of the amended law of 23 July 2016 on RAIFs; Directive 2011/61/EU of 8 June 2011 on AIFM; AIFM and RAIF - i, August 25, 2020, Bertrand Mariaux.

*Podcast #259:

*YouTube Video 248|:

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)