Investment funds
SIF lawyer in Luxembourg
The firm supports the creation of a SIF, the specialised investment fund reserved for well-informed investors and placed under the supervision of the CSSF: multi sub-fund structuring, drafting of the articles, the prospectus and the agreements, organisation of governance and coordination with the authorised AIFM and the depositary.
In short
A SIF is a Luxembourg specialised investment fund, reserved for well-informed investors and, unlike a RAIF, subject to CSSF supervision. The lawyer structures the SIF and its sub-funds, drafts the articles, prospectus and agreements, and coordinates the service providers, including the authorised AIFM and the depositary.
Responsible for legal content: Maître Cora Maglo, Avocate à la Cour, Liste I du Barreau de Luxembourg depuis 2009. · Applicable law: Luxembourg
SIF lawyer in Luxembourg: key points at a glance
| Item | What to know |
|---|---|
| Fees | Stated fees. Consultation from 175 € excl. VAT; creation and documentation of a SIF on a tailored quote, from 1 500 € depending on the structure and the number of sub-funds. Everything is quoted before any engagement. |
| Indicative timing | The structuring and the first documentation are delivered within a few business days; the final set-up is scheduled according to the supervision of the CSSF and coordination with the AIFM and the depositary. |
| Documents required |
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| Deliverables |
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The SIF (specialised investment fund) is a regulated Luxembourg vehicle reserved for well-informed investors: unlike the RAIF, it is subject to the supervision of the CSSF, which entails documentation and governance meeting the supervisor’s requirements. Its multi sub-fund structure allows several strategies to be isolated within a single fund.
Cerno Law Firm acts as legal counsel to the initiator: the firm structures the SIF, drafts its documentation and organises its governance, in coordination with the authorised AIFM, the depositary, the central administration and the auditor. The firm does not hold itself out as an AIFM and provides no CSSF-regulated management service.
SIF lawyer in Luxembourg: when should you call on the firm?
As an initiator, manager or family office, you are launching a regulated fund aimed at well-informed investors and must secure its structuring and documentation under CSSF supervision.
Without documentation that meets the supervisor’s expectations and sound governance, the SIF exposes the fundraising to delays and the initiator to reworks during the CSSF’s review.
What happens if you do nothing?
A prospectus that does not comply with the supervisor’s requirements, a poorly articulated sub-fund structure, poorly defined access conditions for well-informed investors, governance poorly coordinated with the AIFM and the depositary.
A poorly documented SIF delays the set-up, complicates the entry of investors and exposes both the initiator and the service providers to friction over the terms of the investment.
How does the firm step in?
Structuring of the SIF and its sub-funds, drafting of the articles, the prospectus and the agreements, definition of the access conditions for well-informed investors, organisation of governance and coordination of the service providers with a view to CSSF supervision.
Cerno is a law firm admitted to the Luxembourg Bar: the digital tools serve only to simplify the collection of information, the qualification of the matter and the tracking of steps; they never replace the lawyer’s advice, who drafts each clause. The regulated management of the SIF is the responsibility of an authorised AIFM, with whom the firm works in coordination.
Practice areas
When to call on the firm
- Launch a regulated fund reserved for well-informed investors.
- Structure a multi sub-fund SIF isolating several strategies.
- Draft documentation that complies with the CSSF’s expectations.
- Organise governance between the initiator, the AIFM and the depositary.
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Stated fees
Consultation from 175 € excl. VAT; creation and documentation of a SIF on a tailored quote, from 1 500 € depending on the structure and the number of sub-funds. Everything is quoted before any engagement.
FAQ
Frequently asked questions
Who can invest in a SIF?
The SIF is reserved for well-informed investors: institutional and professional investors and investors meeting the access conditions provided for by law. The firm defines these conditions in the fund’s documentation.
Is the SIF supervised by the CSSF?
Yes. Unlike the RAIF, the SIF is a regulated fund subject to the supervision of the CSSF. Its documentation and governance must meet the supervisor’s requirements, which the firm structures.
Does the firm manage the SIF?
No. Cerno is a law firm: it supports the legal structuring and documentation of the SIF. Regulated management is the responsibility of an authorised AIFM, with whom the firm works in coordination.
Can several sub-funds be created within a SIF?
Yes. The SIF can be structured into several sub-funds, each isolating a distinct strategy and a distinct pool of assets. The firm articulates this architecture in the articles and the prospectus.
Handled with our network of partners. On regulated matters (funds, AIFM, depositary, CSSF authorisation), Cerno Law Firm provides legal advice and coordination, working where appropriate with lawyers and partners holding the required expertise (management, depositary, CSSF compliance). You keep a single point of contact.
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Founded in 2013; Maître Cora Maglo has been admitted to the Luxembourg Bar since 2009
- 2013
- independent firm
- 2009
- at the Bar since 2009
- 4,7/5
- 81 Google reviewsRead reviews
Expertise & authority
Ongoing review and analysis of Luxembourg and European case law
Avocate à la Cour, List I of the Luxembourg Bar since 2009
Trained at the London School of Economics, formerly at Clifford Chance and Bonn Steichen & Partners
Member of international networks: EILN, AEA, Cross Border Advisory Solutions
Every matter handled and approved by a lawyer admitted to the Bar
Support in French and English
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Selected excerpts from public reviews. Consult the Google listing for all ratings and comments; a testimonial does not guarantee a legal outcome.
Had a consultation with Me Cora Maglo about my Luxembourg Blue Card application. She explained everything clearly: the process, timeline and documents I need, and helped me with my wife’s family reunification too. Honest and practical advice. I felt confident after talking to her.F. P.J’ai beaucoup apprécié le service de Maître Maglo : son sérieux, sa sympathie, son professionnalisme et sa disponibilité. Toujours répondu rapidement et clairement, avec des conseils pragmatiques, sans pousser à des procédures longues et coûteuses lorsqu’elles ne sont pas justifiées.N. W.Super assistance and great support! Highly recommend. All my questions were answered, Cora and her team kept me updated all the time. I will definitely reach out to them next time for my residency.T.They talk about us
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