A fund set up under Part II of the amended law of 17 December 2010 relating to undertakings for collective investment (a “UCI Part II Fund”) may qualify as an alternative investment fund (“AIF”). The AIF is managed by a licensed alternative investment fund manager (“AIFM”). The UCI Part II Fund then benefits from a passport allowing the AIFM to market the fund’s shares and partnership interests to professional investors within the European Union through a regulator-to-regulator notification regime.
References: the amended law of 17 December 2010 relating to undertakings for collective investment; How to set up a UCI Part II Fund, Luxembourg for Finance, January 2019; UCI Part II Fund and AIFM (i), October 14, 2020, Bertrand Mariaux.
*Podcast #299:
*YouTube Video 288|:
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)