First ‘Raif’ platform created in Luxembourg

The first platform under Luxembourg’s streamlined alternative investment funds regime is to be launched.

Crestbridge Luxembourg, a management company service provider, is to act as manager to the platform while Charles Russell Speechlys will provide legal services.

Additionally, administration and depositary services will be from TMF and ING.

The platform is said to be the first to launch under the Reserved Alternative Investment Fund (Raif) rules.

Crestbridge expects to attract interest from private equity, real estate and hedge funds, among other alternative investors, and says the platform offers non-EU and EU managers a simple way to access European investor capital.

Under the new Raif regime, the regulatory focus lies with the alternative investment fund manager rather than each individual fund requiring regulatory approval. This means that non-EU managers can quickly set up and bring to market funds under the supervision of the pre-authorised manager.

©2016 funds europe

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