Loyens & Loeff advised Patrizia Immobilion sells residential portfolio consisting of 306 homes

If an EU alternative investment fund manager (EU AIFM) classifies a fund under management as open-ended, it triggers the need to implement a robust liquidity management framework.

The Luxembourg financial regulator has issued guidance for open-ended Luxembourg regulated fund products, excluding ELTIFs. In this blog, we focus on what matters most for US fund managers.  

US securities law allows investment managers (IMs) to raise capital in the US without SEC registration through exemptions, which is commonly referred to as private placement. Rule 506(b) and Rule 506(c) are the main exemptions.