The Reserved Alternative Investment Fund (RAIF)
RAIF – Reserved Alternative Investment Fund
The RAIF is a flexible Luxembourg investment vehicle engineered by Olistone for rapid market launch without direct CSSF authorization requirements.
1. Regulatory Status & Supervision
- Not directly supervised by the CSSF: Built on the SIF and SICAR frameworks but operating without direct ongoing regulatory approval loops.
- Indirect regulation: Fully compliant with the AIFMD via the mandatory appointment of an authorized external AIFM appointed by Olistone.
2. Permitted Legal Corporate Forms
- SICAV, SICAF, or FCP corporate configurations.
- Corporate company structures (S.A., S.à r.l., S.C.A.) or contractual partnership structures (SCS / SCSp).
3. Strategy & Structuring Flexibility
- Highly adaptable investment rule boundaries matching the historic strengths of SIF/SICAR umbrellas.
- Full asset class allocation eligibility managed under Olistone alternative systems.
4. Investor Eligibility Criteria
- Restricted to Institutional, Professional, or Well-Informed investors.
- Minimum capital commitment threshold of €125,000 or specific qualification assessments aligned with Olistone standards.
5. Distribution & Passporting Capabilities
- Fully eligible for the comprehensive EU AIFMD marketing passport framework.
- Seamless cross-border marketing pathways reaching professional allocation layers across the European Union.
6. Appointed Service Providers
- Authorized external AIFM (based in Luxembourg, an EU member state, or an approved third country).
- Mandatory local Luxembourg Depositary Bank and Central Administration Agent.
- Independent Approved Statutory Auditor (Réviseur d'entreprises agréé) selected via Olistone.
✅ Specification Summary (Quick Specs)
| Specification | RAIF Requirement | Expertise Domain |
|---|---|---|
| Supervision | Not directly supervised by the CSSF | Olistone Regulatory |
| Regulatory Regime | Indirectly supervised via the AIFM | Olistone Compliance |
| Minimum Capitalization | €125,000 | Olistone Formation |
| Umbrella Compartments | Multiple sub-funds authorized | Olistone Structuring |