Stockholm (HedgeNordic) – ISEC Services, a Swedish firm offering third-party management company services, can provide the increasingly popular Luxembourg fund structure, the Reserved Alternative Investment Fund (RAIF). Swedish and Nordic fund managers can establish their RAIF-structured funds as sub-funds under ISEC’s SICAV-RAIF umbrella fund, with ISEC Services acting as the authorized alternative investment fund manager (AIFM).
“We are very proud and happy to be able to offer a RAIF structure and see great value for Nordic players in gaining access to this structure via a Swedish management company,” says Helena Unander-Scharin, CEO of ISEC Services AB. Earlier this year, ISEC launched FinServe Nordic AB’s invoice factoring vehicle Nordic Factoring Fund as the first fund under the Luxembourg structure. “We have had close cooperation with FinServe during the launch of Nordic Factoring Fund Lux and look forward to following the fund’s development,” adds Unander-Scharin.
“We are very proud and happy to be able to offer a RAIF structure and see great value for Nordic players in gaining access to this structure via a Swedish management company.”
Since its launch in 2016, the Luxembourg-based fund structure RAIF has rapidly become one of the most sought-after fund structures. This popularity can be attributed to several key advantages, particularly the flexibility regarding the investment mandate and the short “time-to-market” as the fund does not need approval from the Commission de Surveillance du Secteur Financier (CSSF), the financial supervisory authority in Luxembourg.
Through the RAIF umbrella, ISEC SICAV-RAIF offers an efficient and flexible solution for Nordic portfolio managers seeking to establish their own Luxembourg-domiciled RAIF funds. ISEC assumes the role of AIFM, streamlining the process of creating and managing the sub-fund within the RAIF framework. This flexible structure allows investors and managers to benefit from Luxembourg’s favorable financial environment while complying with all necessary regulations and requirements. Furthermore, a qualified board of the SICAV is already in place to facilitate the fund launch process. The RAIF is exclusively offered to well-informed investors who can commit a minimum of at least €125,000.