Reserved Alternative Investment Fund (RAIF)

At ISEC, promoting diversity in the financial market is a core objective. Our unique possibility of offering the fund vehicle Reserved Alternative Investment Fund, we are allowing Nordic fund managers to launch Luxembourg-domiciled funds.

With a rapid time-to-market and flexibility in investment strategy, focus, and instrument types, the RAIF structure empowers professional portfolio managers to reach investors with compelling products.

Key characteristics of RAIF

The RAIF structure provides a flexible investment fund that can invest in all types of assets and is particularly attractive to well-informed investors. The following characteristics are based on information from ALFI’s guide to Luxembourg Reserved Alternative Investment Funds (RAIF)


RAIFs are subject to the Luxembourg Law of 23 July 2016 but are not directly supervised by the Commission de Surveillance du Secteur Financier (CSSF).

Investor qualification

The RAIF is designed for well-informed investors and offers investment opportunities in all kinds of assets.


RAIFs can be set up quickly without the need for approval from the local authority, offering a swift time-to-market.


They adhere to the principle of investment risk diversification and can be created as multi-compartment structures.

AIFMD Compliance

RAIFs must appoint a European manager with AIFM status, allowing them to operate under the Alternative Investment Fund Managers Directive (AIFMD).

Marketing Passport

They benefit from the AIFM’s marketing passport for distribution to professional investors within the European Economic Area.


RAIFs are subject to certain taxes, including an annual subscription tax based on the net asset value of the fund.

Do you have questions regarding our RAIF offer?

Helena Unander-Scharin

CEO ISEC Services AB

Contact us with your inquiries!

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