Investment Funds & Asset Management

The investment funds industry plays a particularly important role in Luxembourg since the 1980s, and Luxembourg has grown to become the second largest investment fund domicile in the world. This is reflected in the key role that our Investment Funds team plays in our firm, and which can count on a significant experience and an in-depth understanding of the industry and market players involved. 

Our team of lawyers reflects the international approach that makes Luxembourg so attractive, and besides speaking several languages is also active in Luxembourg organisations such as the ALFI or LPEA. 

Investment Fund Structuring

We assist fund initiators with advice on which product is the most appropriate for their needs, from a regulatory, tax and corporate law perspective. The Luxembourg toolbox for structuring funds has grown over the years, and our team has acquired considerable experience in advising on the most suitable products. This includes both alternative investment fund products such as RAIF, SIF, SICAR or unregulated partnerships (SCS / SCSp), and also retail products such as UCITS, part II funds or ELTIF. 

Our team can assist you with your product in any asset class, be it liquid strategies that are commonly found in UCITS products, or more complex alternative asset classes such as private equity, venture capital, real estate, hedge or private debt. 

Assistance with the entire fund life cycle and CSSF approval processes

The assistance we can provide covers the entire life cycle of an investment fund, from the structuring phase to the drafting of fund documentation, drafting or review of various agreements involved in the establishment of a fund, and finally the incorporation or also liquidation of the product. 

We also have a long-standing experience with conducting approval processes with the Luxembourg regulator CSSF. We can accompany you both in the preparation thereof (including physical meetings) and the discussions with the regulator during the approval phase, and you can benefit from our constructive relationship with the CSSF that we have established over the years. 

Advice for AIFMs and management companies

Our Investment Funds team can also cover any regulatory projects or issues in connection with the establishment or the management of AIFMs or management companies. This includes for example the entire set-up process, license extension applications or support with day-to-day issues concerning the compliance with new regulations, internal restructurings of the management, review or update of internal policies or agreements, or corporate or tax issues. 

Investor Due Diligence

Should you be an institutional investor considering to invest into a Luxembourg investment fund, we can also assist you with the due diligence on the relevant product. Our experienced Investment Funds team can provide you with an analysis regarding regulatory, corporate and tax issues and flag any unusual or disadvantageous provisions. We can advise you on the current market practice and its ramifications, assist you with any negotiation and draft side letters, as necessary.

Key contacts: Alex SCHMITT

Practice Areas