General overview of the Luxembourg AIF structures - Legal and tax environment

As the major location for investment funds in Europe, Luxembourg offers a broad choice of possible vehicles that meet most of the promoters' constraints, in terms of investment strategy, marketing and level of regulation or supervision. Understanding the characteristics of each of them allows participants to choose the most appropriate one for their particular project.

Tax considerations are also key and asset managers shall ensure that the fund structure is optimal from a tax perspective.

At the end of this training, participants will be able to:

• know the Luxembourg toolbox for AIFs;
• understand the characteristics, advantages and constraints of each vehicle category;
• understand the role of the different service providers to an AIF;
• understand the tax drivers that must be considered when discussing fund structuring.

• Main Luxembourg and EU regulatory framework
• Luxembourg available vehicles (part II Funds, SIF, SICAR, RAIF and partnership)
• Umbrella and share classes structures
• Main service providers (AIFM, investment manager/advisor, distributor, depositary bank, central administration)
• Tax drivers to analyse when setting up a fund

Certificate of attendance

This training is coordinated by Mathieu Scodellaro, Partner in the Regulation, Risk and Compliance practice at PwC Luxembourg.

He focuses primarily on alternative investment funds and their service providers, covering a broad range of strategies, from private equity to real estate through more exotic strategies. He has assisted a number of clients, whether established asset managers (including top-tier real estate managers) or first-time fund managers, in the initial structuring, day-to-day maintenance of the fund documentation and special events impacting their funds.