Page 6 - European investment_preview

THE EUROPEAN INVESTMENT FUND MANAGEMENT INDUSTRY
2.4 Marketing of non-EU AIFs 193 2.5 Depositaries 193 2.6 Miscellaneous 193
3. Statistics 194 3.1 Volumes 195 3.2 Domiciles 197 3.3 Focus on real estate funds 198 3.4 Focus on private equity funds 201 3.5 Focus on hedge funds 204 3.6 Focus on funds of funds 206
4. Characteristics 208 4.1 Return characteristics 208 4.2 Analytical characteristics 209
5. Types 211 5.1 Main categories 212 5.1.1 Real estate funds 212 5.1.2 Private equity funds 214 5.1.3 Hedge funds 217 5.1.4 Structured products 219 5.1.5 Private debt funds 219 5.1.6 Infrastructure funds 223 5.1.7 Commodity funds 225 5.1.8 Funds of alternative funds 226 5.2 Sub-categories 227 5.2.1 European Venture Capital Funds (EuVECAs) 229 5.2.2 European Social Entrepreneurship Funds (EuSEFs) 230 5.2.3 European Long-term Investment Funds (ELTIFs) 232
6. Compensation 235 6.1 Hedge funds compensation 236 6.2 Real estate funds compensation 238 6.3 Private equity funds compensation 239
7. Structures in Luxembourg and Ireland 242 7.1 Legal structures in Luxembourg 242 7.1.1 Reserved Alternative Investment Funds (RAIFs) 247 7.2 Legal structures in Ireland 250
UCITS AND AIFs COMPARED: COMMONALITIES
AND DIFFERENCES 255
1. Product’s life cycle 255 1.1 UCITS life cycle 258 1.2 AIFs’ life cycle: closed-ended funds 259
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