We explain the benefits and explore the possibilities of SIFs, and give you a step-by-step guide to creating your own dedicated fund of a SICAV SIF, within days and without the usual costs or red tape. The Legal Entity Identifier code of AXA CORE EUROPE FUND S.C.S., SICAV-SIF is 213800Q9SMRNCMJTOZ26. The legal form of this company is 63P9 and is subject to the jurisdiction of LU law. KMG SICAV-SIF investment platform allows both fund promoters and investors to created onshore Luxembourg investment funds, regulated and marketable across the EU. The legal form of this company is 8888 and is subject to the jurisdiction of LU law. There is no obligation to prepare a semi-annual report.The net assets of a SIF may not be less than EUR 1,250.000. This fund can either be managed by a designated fund management company or it can be a self-managed investment company, provided that the individuals running it qualify for this …
SIFs qualifying as AIFs may either appoint an external AIFM (the management company of the fund or a different entity is appointed as AIFM) or choose to be internally managed.
The Legal Entity Identifier code of ESPERIDES S.A., SICAV-SIF - HIGH RISK is 549300T73YER4HSGUC67. In the latter case, the SIF will itself be considered as the AIFM and will have to comply with all the legal obligations of the AIFM Law.SIF qualifying as AIFs and which are managed by an authorised EU AIFM benefit from a passport allowing AIFMs to market the SIF’s shares, units or partnership interests to professional investors within the EU through a regulator-to-regulator notification regime.Investment in a SIF is limited to “well-informed” investors that are able to adequately assess the risks associated with an investment in such a vehicle. A Specialised Investment Fund (SIF) is an investment fund that can invest in all types of assets. The AIFM can be established in Luxembourg, in another EU Member State or in a third country. A SICAV is a collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium, Malta, France, and the Czech Republic. The fund and compartments respectively may have an unlimited number of share-/unit classes, depending on the needs of the investors to whom the fund is distributed.The documents and information are generally compiled and submitted to the CSSF with the assistance of lawyers/auditors and/or a bank in Luxembourg.The CSSF keeps an official list of the authorised SIFs that are subject to its supervision.
Both regimes provide a passport that permits the marketing of the fund to EU-based eligible investors.SIFs that qualify as AIFs are required to appoint an AIFM, unless they benefit from the limited exemptions provided by the AIFM Law. There are few restrictions on leveraging, making it ideal for Private Equity, Hedge Funds and Property Funds. The rules are designed to accommodate all investment styles and objectives. Due to the broad definition of AIFs, most SIFs qualify as AIFs.The FCP or a SICAV/F may be set up as a single fund or as an umbrella structure with multiple compartments.
As a result, the SIF Law is now divided into two parts: (i) general provisions applicable to all SIFs, and (ii) specific provisions applicable to SIFs which qualify as Alternative Investment Funds (AIFs) and which are required to be managed by an authorised Alternative Investment Fund Manager (AIFM). It usually qualifies as alternative investment fund (AIF) and can be sold to well-informed investors. Data visualizer
SIFs that have appointed an EU AIFM can market their shares, units or partnership interests via a specific passport to well-informed investors across the EU.A UCITS management company may apply for authorisation as AIFM in order to manage both UCITS and AIFs.Smaller AIFMs that do not exceed certain thresholds in terms of assets under management have to be registered and do have to comply with some of the requirements of the AIFM Law, or can decide to opt for a formal authorisation to benefit from the passport.SIFs that qualify as European Venture Capital (EuVECA) or European Social Entrepreneurship (EuSEF) Funds have the option of being subject to the EuVECA and EuSEF regulation respectively.