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 you to choose the most appropriate one for your particular project.

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

At the end of this training, the 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, Principal at PwC Legal and Luc Petit, Tax Partner at PwC Luxembourg.

Mathieu is a principal and head of the investment funds practice at PwC Legal, with substantial expertise in fund structuring and assistance to their service providers.

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 or first-time fund managers, in the initial structuring, day-to-day maintenance of the fund documentation and special events impacting their funds.

Luc, Partner in the Alternative Tax team, advises alternative asset managers on tax and wider practical implications of setting up European funds and or European investment vehicles, both in the regulated and unregulated sphere. He has expertise in advising either private equity, hedge, real estate, infrastructure and credit funds.