Quilvest is the first to benefit from the new Luxembourg Reserved Alternative Investment Fund (RAIF)

On the same day the new Luxembourg law on reserved alternative investment funds (RAIF) came into force (28/07/2016), Elvinger Hoss Prussen assisted Quilvest Private Equity (the Private Equity arm of the Quilvest Group) in setting up QS RE Investment Programs SCA SICAV-RAIF (“QS RE IP”) and QS PE Fund SCA SICAV-RAIF (“QS PE Fund”) as reserved alternative investment funds (“RAIFs”) pursuant to this new regime.

The two RAIFs will be managed by Quilvest Asset Management S.A. (“QAM”) acting as authorised alternative investment fund manager and RBC Investor & Treasury Services will act as Depositary.

According to Bernard Charpentier from Quilvest, the company has decided to set its new vehicles as RAIFs as it “ideally combines flexibility, short time-to-market, protection of investors by the AIFMD framework and the possibility for marketing with the EU passport”.

Read full press release by EHP.