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FARAD Group, the Luxembourg-based B2B insurance and finance platform is delighted to announce the recent launch by its management company SELECTRA, of its own RAIF platform called “Magnetica SICAV-RAIF”.
Since the enactment of the Reserved Alternative Investment Fund Law (the RAIF Law) in July 2016, FARAD Group has developed its proprietary RAIF Platform, Magnetica SICAV-RAIF, to provide investment managers with solutions for their AIFMD requirements. Magnetica SICAV-RAIF is an “open architecture platform”, created to enable third parties to launch their own fully supported and administered Luxembourg RAIFs. Incorporated in October 2017, it is currently launching two sub-funds with EUR 70 million of aggregate assets under management.
The platform is...
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