Registered Alternative Investment Funds or otherwise called RAIFs are AIFs which operate as a RAIF when all of the following conditions apply:
The RAIF is an externally managed AIF.
The RAIF is addressed to professional and/or well informed investors.
The fund rules or instruments or incorporation of the AIF, as the case may be, shall specify that it is subject to the provisions of Law 124(I)/2018.
RAIFs may also operate as umbrella funds with more than one investment compartments.
A RAIF may be established in one of the following legal forms:
- Common fund
- Investment company
- Limited partnership