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By Frank van Kuijk, Maïder Ruault, Irina Stoliarova Andy Li, Loyens Loeff in Luxembourg
As EU fund sponsors (EUFS) grow, they often recognise that establishing a fund in Luxembourg, rather than a fund in their home jurisdiction, increases their chances of attracting capital from across the EU.
Such a Luxembourg fund usually takes the form of a special limited partnership (SCSp) with a Luxembourg general partner (GP). As the SCSp qualifies as an alternative investment fund (AIF), it must appoint an EU alternative investment fund manager (AIFM). The more mature EUFS often have the option to appoint their own authorised AIFM in their home jurisdiction, which is easier and more cost efficient than hiring a...
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