Raifs

Real Estate Investment Funds, or Reifs, in Luxembourg saw total assets climb by 26 percent in the year running up to the end of the third quarter, to 131 billion euro. The number of Reifs increased by 20 percent to 621 funds.

The latest edition of the Reif survey conducted by the Association of the Luxembourg Fund Industry, or Alfi, showed that multi-sector allocations remain the most popular strategy for Reif investors, with 49 percent.

Fresh registrations for alternative investment funds in Luxembourg, considered the top European hub for private investments, this month are at their lowest monthly level in nearly six years. Regulatory changes as well as market conditions are cited as a reason for the slowdown. Some issuers have decided to wait for the new year to avoid regulatory reporting in 2022.

For Zurich-based Serpentine Ventures, a venture asset manager, Luxembourg is a key gateway to reaching international investors. The firm is leveraging the grand duchy’s regime for alternative investment funds for four of its venture capital funds that nurture Swiss startups.

Nuveen Infrastructure’s Glennmont Partners, a major clean energy infrastructure manager, on Thursday said it has raised 250 million euro through its energy transition enhanced credit II strategy, or ETEC II, based on a Luxembourg alternative fund.

The ETEC II fund is one of the new Reserved Alternative Investment Funds, or Raifs, that were officially registered in Luxembourg this month. 

Growth in funds registered as Reserved Alternative Investment Funds, known as Raifs, in Luxembourg has increased considerably in the first half of this year , according to an analysis of data from the Luxembourg Business Registry by Investment Officer Luxembourg.