Loyens & Loeff advises Amvest and Waterland RE

US fund managers seeking to raise capital in the EU are well aware of the fact that EU investors generally prefer to invest in a Luxembourg limited partnership (SCSp). In order to register an SCSp for marketing in the EU, the SCSp must exist.

US private fund managers (USFM) that aim to tap into the European pool of professional investors will experience that these investors have a preference to commit to a Luxembourg based (parallel) alternative investment funds (AIF).

The European Securities and Markets Association (ESMA) has published draft regulatory technical standards (RTS) and final guidelines on liquidity management tools for UCITS and AIFs.