Administration of alternative investment funds - Regulatory and tax aspects

AIFs vehicles are becoming increasingly popular in the Luxembourg marketplace.

Although this asset class was already represented in Luxembourg with several vehicles in the form of UCI or non-regulated vehicles, the recent trends have highlighted to local administrators and depositaries that alternative (ALT) investments are an asset class with totally different features and sources of risk, requiring specific skills and specific operational processes.

In this context, PwC's Academy is pleased to offer this dedicated training workshop designed to provide Luxembourg professionals with a comprehensive overview of the latest industry trends, as well as a thorough analysis of sector-specific issues and best practices.

By the end of this training, the participants will be able to:

• have a basic understanding of legal and regulatory aspects, including the different types of structures/funds available in Luxembourg and their features;
• identify the different stakeholders in the fund's administration and management, including the AIFM's role and responsibilities;
• understand the basics of tax structuring and mechanisms for ALT funds.

• Section I - Regulatory aspects
  • Review of private equity structures available in Luxembourg: SICAR, SIF, UCITS, RAIFs, SCSp/SCS, securitisation vehicles, SOPARFI
  • Responsibilities of the service providers (including AIFMD requirements)
  • Regulatory documentation in an AIF
• Section II - Tax issues
  • Why taking into account tax issues and making tax structuring?
  • Why is Luxembourg’s tax system interesting for ALT investments?
  • General overview of Luxembourg tax system
  • What is important when implementing tax-effective structures?
  • Repatriation mechanisms for ALT investments
  • Sample of sophisticated Luxembourg structure: SICAR/SIF/RAIFs

An attendance certificate will be sent to participants.

This training is coordinated by Déborah Prijot, Partner at PwC Luxembourg.

Déborah is a partner in the audit department. Since joining PwC in 2005, she has gained experience in different industries. In particular, she has developed strong skills in auditing alternative investment funds (including debt funds, infrastructure funds and fund of funds).

She is actively supporting the PwC Luxembourg alternative group. She is currently focused on private equity clients through the audit of several private equity funds and structures organised under various legal forms.