Fund management companies registered some 22 new reserved alternative investment funds (Raifs) in April 2023, according to publicly-released data updated on 15 May.
This development brings the total for this year so far to 128. Considering only the first four months of the year, the total number was down 20 per cent from last year during the same period.
Luxembourg now has some 2,288 registered Raifs. In 2022, The Luxembourg Business Registers recorded 482 new Raifs, at an average of over 40 new Raif registrations every month.
In recent years, Luxembourg Raifs have become highly popular as alternative investment vehicles that target professional investors such as pension funds and insurance companies. A Raif can be created relatively swiftly and does not involve direct interaction with financial supervisors. Its management companies are nevertheless subject to supervision by Luxembourg’s CSSF.
The Luxembourg business register regularly publishes new data on Raif funds.
Source: LBR. May data is up to 15 May.
The following new funds were registered during April:
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