Luxembourg

Alter Domus launches two new services following Luxembourg AIFMD ratification

Fri, 12/07/2013 - 06:02

Alter Domus is launching two new initiates in Luxembourg following the ratification of the Alternative Investment Fund Managers Directive (AIFMD) in the Grand Duchy.

 
As previously announced, the firm is launching new depositary services and has already submitted its application to the CSSF.
 
It is also bringing international knowledge to the Luxembourg marketplace with the launch of a dedicated team of experts for Sociétés en Commandite Spéciale, the new limited partnership comparable to US/UK style limited partnerships. 
 
Those two initiatives have been prepared in the view of the Bill of Law N°6471 which was adopted by the Luxembourg Parliament on 10 July, relating to the transposition of Directive 2011/61/UE on AIFMD.
 
Laurent Vanderweyen, chief executive of Alter Domus, says: “Selecting an experienced firm operating in the real estate and private equity industry like Alter Domus as a depositary will be decisive to obtaining an efficient answer to the new challenges set by the AIFM Directive.
 
“This new limited partnership vehicle positions Luxembourg as an attractive destination for offshore regulated and unregulated funds, providing investors with flexible, confidential and tax appealing vehicles.” 


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