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By Antoine BONTE, Director and Rob SHORT, Managing Partner, Langham Hall Luxembourg s.à r.l.
Outside Europe, the “voyage of discovery” for non-EU managers in relation to AIFMD is almost complete and coupled with the drive to access EU institutional investors, the non-EU funds community is starting to go beyond the usual private placement regime and access funds via a Luxembourg parallel vehicle. This vehicle usually sits alongside a non-EU “master” vehicle.
The structure usually comprises several parallel funds which co-invest in the same assets, presenting managers the challenge of operating multiple cross jurisdictional vehicles whose investors will require equal treatment.
Luxembourg is the most common destination to establish...
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