{"id":3044,"date":"2020-10-08T06:28:43","date_gmt":"2020-10-08T06:28:43","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/types-of-funds\/"},"modified":"2020-10-08T06:28:43","modified_gmt":"2020-10-08T06:28:43","slug":"types-of-funds","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/ru\/types-of-funds\/","title":{"rendered":"Types of Funds"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

AIF<\/span> <\/strong><\/span><\/p>\n

Alternative Investment Fund<\/strong><\/span><\/p>\n<\/td>\n

\n

RAIF<\/span><\/strong><\/span><\/p>\n

Registered Alternative Investment Funds<\/strong><\/span><\/p>\n<\/td>\n

\n

AIFLNP<\/strong><\/span><\/p>\n

Alternative Investment Fund for Limited Number of Persons<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Regulated<\/strong> \u2013 Authorised by Cysec<\/span><\/p>\n<\/td>\n

\n

Regulated through external manager<\/strong> who falls under AIFMD<\/span><\/p>\n<\/td>\n

\n

Lightly regulated<\/strong> – Authorised by Cysec<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

No. of investors:<\/strong> Unlimited<\/span><\/p>\n<\/td>\n

\n

No. of investors:<\/strong> Unlimited<\/span><\/p>\n<\/td>\n

\n

No. of investors:<\/strong> Up to 50<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Type of Investors:<\/strong> Retail, Well informed, professional<\/span><\/p>\n<\/td>\n

\n

Type of Investors:<\/strong> Well informed, professional<\/span><\/p>\n<\/td>\n

\n

Type of Investors:<\/strong> Well informed, professional<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Legal Forms of AIF:<\/span> <\/strong><\/span><\/p>\n

Common fund<\/span><\/p>\n

Investment company<\/span><\/p>\n

Limited Partnership<\/span><\/p>\n<\/td>\n

\n

<\/span>Legal Forms of RAIF:<\/span> <\/strong><\/span><\/p>\n

Common fund<\/span><\/p>\n

Investment company<\/span><\/p>\n

Limited Partnership<\/span><\/p>\n<\/td>\n

\n

Legal Forms of AIFLNP:<\/span><\/strong><\/span><\/p>\n

Investment company<\/span><\/p>\n

Limited Partnership<\/span><\/p>\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

Initial Capital requirement: <\/strong><\/span><\/p>\n

\u20ac125,000 for internally managed AIFs<\/span><\/p>\n

\u20ac300,000 for internally managed AIFs (AIFMs)<\/span><\/p>\n

No requirement for externally managed AIFs<\/span><\/p>\n<\/td>\n

\n

Initial Capital requirement<\/strong>:<\/span><\/p>\n

No requirement<\/span><\/p>\n

<\/span><\/p>\n

 <\/p>\n

<\/span><\/p>\n

 <\/p>\n<\/td>\n

\n

Initial Capital requirement: <\/strong><\/span><\/p>\n

\u20ac50,000 for internally managed<\/span><\/p>\n

No requirement for externally managed AIFLNPs<\/span><\/p>\n

<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Maximum Assets under Management<\/strong><\/span><\/p>\n

Up to \u20ac100,000,000 including leverage or<\/span><\/p>\n

Up to \u20ac500,000,000 without leverage and no redemption rights for 5 years, if does not fall under the AIFMD<\/span><\/p>\n

No restriction if falls under AIFMD<\/span><\/p>\n<\/td>\n

\n

Maximum Assets under Management<\/strong><\/span><\/p>\n

Up to \u20ac100,000,000 including leverage or<\/span><\/p>\n

Up to \u20ac500,000,000 without leverage and no redemption rights for 5 years, if does not fall under the AIFM<\/span><\/p>\n

No restriction if managed by AIFM<\/span><\/p>\n<\/td>\n

\n

Maximum Assets under Management<\/strong><\/span><\/p>\n

Up to \u20ac100,000,000 including leverage or<\/span><\/p>\n

Up to \u20ac500,000,000 without leverage and no redemption rights for 5 years<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

<\/span><\/p>\n

 <\/p>\n<\/td>\n<\/tr>\n

\n

Minimum Assets under Management<\/strong><\/span><\/p>\n

\u20ac500,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec). The initial capital requirement cannot be taken into account<\/span><\/p>\n<\/td>\n

\n

Minimum Assets under Management<\/strong><\/span><\/p>\n

\u20ac500,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec).<\/span><\/p>\n

<\/span><\/p>\n<\/td>\n

\n

Minimum Assets under Management<\/strong><\/span><\/p>\n

\u20ac250,000 per compartment within 12 months from authorisation (may extended to 24 months upon approval from Cysec). The initial capital requirement cannot be taken into account<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Depositary:<\/strong><\/span><\/p>\n

Mandatory to appoint if the AIF falls under AIFMD<\/span><\/p>\n<\/td>\n

\n

Depositary:<\/strong><\/span><\/p>\n

Mandatory to appoint a local depositary<\/span><\/p>\n<\/td>\n

\n

Depositary:<\/strong><\/span><\/p>\n

Mandatory to appoint if the AIF falls under AIFMD<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Time Required<\/strong>: 1 month application preparation + 6 months for the authorisation from Cysec<\/span><\/p>\n<\/td>\n

\n

Time Required<\/strong>: 1 month application preparation + 1 month for the registration from Cysec<\/span><\/p>\n<\/td>\n

\n

Time Required<\/strong>: 1 month application preparation + 6 months for the authorisation from Cysec<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Units of AIF can be listed<\/span><\/p>\n<\/td>\n

\n

Units of AIF can be listed<\/span><\/p>\n<\/td>\n

\n

Units of AIF can be listed<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Management:<\/strong><\/span><\/p>\n

Can be internally managed<\/span><\/p>\n

Can be externally managed by:<\/span><\/p>\n

     –  AIFM or<\/span><\/p>\n

     –  UCITS Manager or<\/span><\/p>\n

     –  Mini Manager or<\/span><\/p>\n

     –  Investment Firm<\/span><\/p>\n

 <\/p>\n<\/td>\n

\n

Management:<\/strong><\/span><\/p>\n

Can only be externally managed by:<\/span><\/p>\n

     –  <\/span>AIFM or<\/span><\/p>\n

     –  <\/span>UCITS Manager or<\/span><\/p>\n

     –  <\/span>Mini Manager or<\/span><\/p>\n

     –  <\/span>Investment firm if the established as a Limited partnership and invests at least 70% of its assets to illiquid assets and it is closed ended<\/span><\/p>\n<\/td>\n

\n

Management: <\/strong><\/span><\/p>\n

Can be internally managed<\/span><\/p>\n

Can be externally managed by:<\/span><\/p>\n

     –  <\/span>Investment firm<\/span><\/p>\n

     –  <\/span>UCITS Manager,<\/span><\/p>\n

     –  <\/span>Mini Manager or<\/span><\/p>\n

     –  <\/span>Third country company providing Investment management services, or sole purpose company<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Investment restrictions exist based on: <\/strong><\/span><\/p>\n

the type of investors<\/span><\/p>\n

AIF\u2019s investment policy<\/span><\/p>\n<\/td>\n

\n

Investment restrictions exist based on: <\/strong><\/span><\/p>\n

the type of investors<\/span><\/p>\n

AIF\u2019s investment policy<\/span><\/p>\n<\/td>\n

\n

Investment restrictions exist based on: <\/strong><\/span><\/p>\n

No restrictions<\/span><\/p>\n

 <\/p>\n

<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

AIF Alternative Investment Fund RAIF Registered Alternative Investment Funds AIFLNP Alternative Investment Fund for Limited Number of Persons Regulated \u2013 Authorised by Cysec Regulated through external manager who falls under AIFMD Lightly regulated – Authorised by Cysec No. of investors: Unlimited No. of investors: Unlimited No. of investors: Up to 50 Type of Investors: Retail, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[57],"tags":[],"class_list":["post-3044","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/comments?post=3044"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media?parent=3044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/categories?post=3044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/tags?post=3044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}