Podcasts about aifm

In this conversation, Eva-Maria Dimitriades, CEO of Conduit Connect, discusses the mission and objectives of the organisation, which focuses on impact investing in areas such as climate, health, education, and inclusion. She explains the investment process, the importance of recurring revenue, and the demographics of their investors. Eva also highlights the unique features of Conduit Connect, including community engagement and the Generation Impact Academy, aimed at educating the next generation of impact investors. She concludes with advice for aspiring investors and emphasises the importance of aligning investments with personal values.Disclaimer: This podcast is a financial promotion for the purposes of Section 21 of FSMA. It is issued by The Conduit Connect FRN: , 826000 an Appointed Representative of Enterprise Investment Partners LLP FRN:604439 , an AIFM as defined by the AIFMD, who have approved it, on [19/11/2024], and who are authorised by the FCA. This podcast is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. No recommendation is made, positive or otherwise, regarding individual investments. Any decision to invest should only be made further to review of an applicable Information Memorandum. Please be aware that we invest in unquoted companies which are non-readily realisable securities and should be considered as high-risk, long term, illiquid assets. We do not give financial or taxation advice. If you are in any doubt about whether to invest, you should seek appropriate professional advice.Resources Mentioned In This Episode:>> Eva-Maria Dimitriadis [LinkedIn]>> Conduit Connect [Webiste]>> WT237: ‘Head 2 Head w/ Louise Hill, Co-Founder & CEO of GoHenry'Next Steps On Your Wealth Building Journey:>> Join the WealthBuilders Facebook Community>> Schedule a 1:1 call with one of our team>> Become a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!

Investir dans un projet "crypto" à titre privé c'est déjà compliqué mais quand on fait ça de manière professionnelle dans un fonds d'investissement, c'est une autre paire de manches. Je vous passe la "Due Dil" et l'identification des fondateurs du projet; En revanche l'un des points qui représente clairement un risque énorme c'est le volet opérationnel de ce type d'investissements. J'attendais depuis un petit temps cet épisode avec Quentin comprendre et partager avec vous la mise en place d'un AIFM "crypto" et pourquoi c'est essentiel pour les gérants qui investissent dans le Web3. C'était la pièce manquante de pal mal de mes épisodes de 2023. Nous parlons donc de l'importance du choix des partenaires, du set-up et de la stratégie supe ambitieuse de 6M pour les prochaines années.

Extrait de l'épisode de Dimanche. Investir dans un projet "crypto" à titre privé c'est déjà compliqué mais quand on fait ça de manière professionnelle dans un fonds d'investissement, c'est une autre paire de manche. Je vous passe la "Due Dil" et l'identification des fondateurs du projet; En revanche l'un des points qui représente clairement un risque énorme c'est le volet opérationnel de ce type d'investissements. J'attendais depuis un petit temps cet épisode avec Quentin comprendre et partager avec vous la mise en place d'un AIFM "crypto" et pourquoi c'est essentiel pour les gérants qui investissent dans le Web3. C'était la pièce manquante de pal mal de mes épisodes de 2023. Nous parlons donc de l'importance du choix des partenaires, du set-up et de la stratégie supe ambitieuse de 6M pour les prochaines années.

Dear Friends and Colleagues,In this informative interview with Daniel Knoblach, we discussed how to develop, setup and implement custom indices.Traditional and custom indexes follow distinct methodologies for investment and rebalancing. However, the personalized nature of Custom Indexes sets them apart by tailoring methodologies to individual investor preferences. Despite this, many investments are still linked to a few dominant indices. Designing a custom index offers various benefits, such as alignment with values, financial goals, and risk tolerance.Daniel is the founder and CEO of Super Global, an AIFM and securitization expert with offices in Germany and Luxembourg, offering tailor-made AIF and AMC across all asset classes. Previously, as a Board Member, he was responsible for setting up structure and securitization solutions for a Family Office and the Fair Alpha Group in Luxembourg, with a total issuance volume of more than EUR 3 billion. Before that, he worked for a Liechtenstein-based asset manager focused on proprietary fund solutions for institutional investors.For more information, interviews, and comparisons of features across many index technology providers please go to www.myindex.solutions

SC PIERRE IMPACT gérée par BNP Reim France Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 235 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) BNP Paribas REIM France Société Anonyme à Directoire et Conseil de Surveillance au capital de 4 309 200 Euros dont le Siège Social se situe au 50, cours de l'Île Seguin – CS 50280 – 92100 Boulogne-Billancourt. BNP Paribas REIM France est immatriculée au Registre du Commerce et des Sociétés de Nanterre sous le No 300 794 278. BNP Paribas REIM France est une société de gestion de portefeuille agréée par l'Autorité des Marchés Financiers (Agrément GP-07000031 en date du 1er juillet 2007 et du 15 avril 2014 au titre de la directive AIFM). CEDRUS PARTNERS - SAS au capital de 789 036.67 Euros - RCS Paris 521 566 422 - SIRET 521 566 422 00031 - NAF 6619 B- 11, rue Christophe Colomb 75008 PARIS – 01 53 45 91 50 | www.cedruspartners.com. Entreprise d'investissement, agréée par l'ACPR (sous le CIB 14883), adhérent de l'association professionnelle ASF. Courtier d'assurance, mandataire d'assurance et courtier en opérations de banque et en services de paiement, enregistrée à l'ORIAS sous le n°10055559. Responsabilité civile professionnelle et garantie financière souscrites auprès d'Allianz Global Corporate & Specialty sous le n°FRF000948 // CEDRUS PARTNERS – Succursale Luxembourg – RCS Luxembourg B261026 - Entreprise d'investissement, agréée par la CSSF (sous le numéro P00000638) pour le service de conseil en investissement. 33, Boulevard Prince Henri L-1724 Luxembourg // CEDRUS PARTNERS – SAS succursale en Espagne – Entreprise d'investissement, agréée par la CNMV (sous le numéro 146) pour le service de conseil en investissement. C/SERRANO 110 – 28006 MADRID Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

Risikofunktion im AIFM Risikomanagement innerhalb des AIFM ist so aufgebaut, dass mögliche Risiken im Zuge der Tätigkeit des AIFM erkannt und verhindert werden. Sie deckt Organisationsrisiken, Betriebsrisiken, Risiken von Gegenparteien, Marktrisiken, Kreditrisiken und Liquiditätsrisiken ab. Die Funktion des Risikos ist so strukturiert, dass die Risiken bereits in einem sehr frühen Stadium des Betriebs durch die Umsetzung zahlreicher Richtlinien und Verfahren für den täglichen Betrieb des AIFM vermieden werden und wird durch die Einhaltung der Vorschriften parallelisiert. Drei Verteidigungslinien, die im Rahmen des AIFM existieren und implementiert werden, decken alle Funktionen zur Verhinderung der Entstehung einer Risikosituation in allen Phasen des Fondsmanagementprozesses ab, indem Fonds über den gesamten Prozess seiner Investition und Verteilung eingezogen werden. 1. Erste Linie ist Risikobewertung innerhalb des Onboarding-Prozesses des Kunden durch operative Teams durch KYC und Kunden Due Diligence in Übereinstimmung mit den von der Verwaltungsgesellschaft festgelegten Richtlinien und Verfahren. Diese Rolle wird durch die Kundenbeziehungsfunktion, entweder ein Kundenverwaltungszentrum des AIFM oder Distributionsagenten oder eine andere Bedieneinheit, sichergestellt. 2. Zweite Verteidigungslinie ist interne Risikofunktion selbst zusammen mit internen Compliance, die sowohl für die rechtzeitige Überprüfung und angemessene Angleichung der angemessenen Richtlinien und Verfahren verantwortlich sind, die Einrichtung von Risikoerkennungsparametern im täglichen Betrieb 3. Dritte Verteidigungslinie ist interne Audit-Funktion, die in der Regel von externen Anbieter durchgeführt wird, konzentriert sich auf die Überprüfung der bestehenden Richtlinien und Verfahren auf ihre Angleichung an regulatorische Vorschriften und die ordnungsgemäße Umsetzung im täglichen Leben des Unternehmens. Ist der Risk Manager die einzige Funktion des Unternehmens, das die Risiken kontrolliert? Nein, alle Einheiten des Unternehmens sind am Risikoprozess beteiligt, Risk Manager leitet nur den Prozess, der von jedem Geschäftsbereich ordnungsgemäß umgesetzt und angewendet werden soll. Zusätzlich zu internen Risikokontrollen bei der AIFM selber es gibt noch zusätzlichen externen unabhängigen Stellen in Rahmen der Fondsverwaltung die die Interessen der Anleger wahrnehmen und sicherstellen, dass eine ordnungsgemäße Abwicklung der Managementprozessen unter Beachtung der regulatorischen sowie internen Richtlinien erfolgt, die ein Teil des gesamten Marktinfrastruktur bzw. Ökosystem der Fondsverwaltungsprozessen sind: externe Auditstelle, externen Bewerter, Verwahrstelle etc. die von ähnlichen eigenen internen Richtlinien in Bezug auf Kontrollfunktion des Fonds gebunden sind, sowie die Aufsichtsbehörde die die Zulassungs- und Prüfung des Aktivitäten des AIFM u.a. als Aufgabe hat. So, z.B. die regelmäßige Wertberechnung des Anlagevermögens erfolgt nach internen Richtlinien im Einklang mit externen branchenspezifischen Richtlinien der Bewertungsstellen. Die Transaktionsprozessen sowie Vermögensverteilungsprozessen erfolgen mit Einklang der Kontrollen der Verwahr- bzw. Bankstellen in Bezug auf Prospektsdokumentation- bzw. Anlegerstrategie etc. Externe Auditstelle neben die reinen Zahlungsprüfung hat noch auf die materielle Seite der Geschäftsabwicklungsprozessen in Rahmen der AIFM Jahresabschlussprüfung zu achten, wo auch u.a. verbundene Transaktionen geprüft und erwähnt werden sollen usw. Die werden auch der behördlichen Aufsichtsstelle vorgelegt. www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

DISKUSI PROFETIK MASJID KAMPUS UGM "Kesehatan Berbasis Gerakan Ibadah Shalat" bersama Dr. dr. Zaenal Muttaqien Sofro, AIFM, Sport & CIRC. Med. (Dosen FKKMK UGM), 12 Desember 2018

Dans le milieu des films de montagne, Rosanna Stedile est une référence. Depuis 2002, elle incarne la clef de voûte du festival de Trento, le plus important et le plus ancien des festivals de films de montagne qui vient de souffler ses 70 bougies, excusez du peu ! Polyglotte - elle parle parfaitement le français -, Rosanna Stedile est également la référence du festival pour l'AIFM, l'Alliance internationale du Film de Montagne, dont le FIFAD (Festival international du film alpin des Diablerets) fait bien évidemment partie. Elle est membre du jury du FIFAD qui se tient aux Diablerets du 13 au 20 août 2022. Rosanna Stedile est l'invitée de Pierre Philippe Cadert.

Se dieron a conocer las cifras del número de pasajeros que han viajado por el AIFM, así como la extensión de los trabajos de mantenimiento en la terminal 2 del AICM.

Strukturierungsqualität – Made with passion Die XOLARIS Gruppe entwickelt für Ihre Kunden maßgeschneiderte Strukturierungslösungen Als ganzheitlich orientierte Service Management Company („ManCo“) ist die XOLARIS Gruppe in der Lage die gesamte Wertschöpfungskette rund um einen AIF abzubilden und für Ihre Kunden maßgeschneiderte Strukturierungs-, Verwaltungs- und Abwicklungsdienstleistungen zu erbringen. Dabei stehen stets die individuellen Bedürfnisse ihrer Kunden und die Evaluierung der optimalen Finanzierungslösung im Vordergrund, stets getreu dem Motto „Investmentquality – Made with passion. „Mit unseren Gruppeneigenen Alternativen Investmentfonds Managern („AIFM“) sind wir in der Lage, unseren Kunden eine große Vielzahl an unterschiedlichen Strukturierungsmöglichkeiten anzubieten. Dabei können wir uns innerhalb der europäischen Kernmärkte sowie in ausgewählten Offshore- Jurisdiktionen bewegen und uns zahlreichen Lösungsformen, wie beispielsweise der GmbH & Co. KG, der GP/LP oder der SICAV bedienen. Daneben orientieren wir umfassend über die Möglichkeit der geschlossenen wie auch offenen Ausgestaltung eines Alternativen Investmentfonds. Wir verfolgen damit stets die Absicht Strukturen unter aufsichts-, gesellschafts- sowie steuerrechtlichen Gesichtspunkten zu optimieren. Über unsere zentralisierte Strukturierungseinheit sehen wir uns als lösungsorientierter Geschäftspartner, dessen zentrale Aufgabe es ist, die jeweilige Strategie bzw. Finanzierungsnotwendigkeit unserer Kunden zu verstehen und diese auf das Konzept und die optimale Struktur der Finanzierungslösung zu adaptieren“, so Kai S. Renning, CIO der XOLARIS Gruppe. „Neben der reinen Konzeptions- und Strukturierungsleistung wird zudem die zentrale Koordination sämtlicher involvierter Parteien übernommen und somit gewährleistet, dass es zu einem reduzierten Schnittstellenaufwand kommt und wir ein hohes Maß an Sicherheit in der Prozessplanung und Zuverlässigkeit im Prozessablauf erreichen. Aufgrund unseres Private-Label-Ansatzes richtet sich unser Dienstleistungsspektrum damit gleichermaßen an Asset Manager, Wholesaler und Asset Owner“, ergänzt Herr Renning. Die XOLARIS Gruppe wird ihre Ausrichtung als internationaler Service AIFM für Real Assets weiter ausbauen. Mit den Standorten Deutschland, Liechtenstein, Frankreich, Hong Kong und Singapur sind wir bereits heute in der Lage unseren Kunden individuelle Strukturierungslösungen anbieten zu können. Getreu unserem Motto „Made with Passion“ nehmen wir uns die Zeit die Bedürfnisse unseren Kunden zu verstehen und diese in individuellen Strukturierungslösungen umzusetzen. Durch unseren integrierten Ansatz von der Strukturierung bis zum Liquidation können wir auch in der Administration bzw. Fondsbuchhaltung sämtliche Wünsche unserer Kunden berücksichtigen Mit unserer Marke „Sunrise Capital“ betreuen wir Vertriebspartner und Investoren. Sie dient als Schnittstelle zwischen dem AIFM und unseren Kunden und ist Ansprechpartner in allen Fragen rund um das Thema Vertrieb. www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group

Seit Jahren bietet der Markt für Mehrfamilienhäuser in Stuttgart eine der spannendsten und vielfältigsten Perspektiven für Investoren und Anleger. Der hiesige Immobilienmarkt ist geprägt von einem signifikanten Preisanstieg, politischen Weichenstellungen, der demografischen Entwicklung und zuletzt von der Coronakrise. Stuttgart stellt deutschlandweit trotz Coronakrise einen der attraktivsten Märkte für Mehrfamilienhäuser dar. Die Schwäbische Liegenschaften GmbH ist Spezialist für die Revitalisierung von Potenzialimmobilien in Stuttgart und Experte auf dem Gebiet des Stuttgarter Immobilienmarkts. Das Team der Schwäbische Liegenschaften verfügt über ein breites Know-How im Bereich der Immobilienmarktentwicklung, Sanierung und Revitalisierung von Wohngebäuden im Ländle. ___ Die XOLARIS Gruppe: Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. www.linkedin.com/company/xolarisgroup www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Pressekontakt: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

The aim of this podcast is to introduce investors and decision-makers to the core of the problem of greening. Although complex scientific concepts and regulatory issues are omitted, the final result is not compromised; nevertheless, our HHX-ESLA team is available to provide further information and insight upon request! Let's start with the definitions! What is ‘greening'? The reduction of CO2 is a relative term; is there an agreed benchmark available? The target is ambitious. How is it possible to achieve greening in shipping? About the XOLARIS Group Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes Renewable Energy, Shipping and Private Equity, Real Estate. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.” Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments. As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors. www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group Press/ Podcast Contact: Zoe Peffer | T. +49 7531 584 88-30 | marketing@xol-group.com

Was planen Sie 2022 in Sachen Nachhaltigkeit mit Blick auf Ihr Angebot (neue ESG-Produkte oder Umwidmung bestehender Investments) und das eigene Unternehmen (Anlagerichtlinien, Selbstverpflichtungen, Ausbau des ESG-Teams o.ä.)? Als führender Anbieter bei Sachwertefonds liegt der Fokus der XOLARIS Gruppe auf Private Label Fonds, welche mit ihren Investitionen die Entwicklung einer sozialen und ökologischen Gesellschaft fördern. Bei Immobilienfonds haben wir Themen wie Pflegeheime, studentisches Wohnen oder Sanierung von Wohnimmobilien konsequent weiterentwickelt. Auch bei Agrikultur, Logistik Equipment oder nachhaltiger Schifffahrt arbeitet die XOLARIS Gruppe mit einer Reihe von externen Spezialisten zusammen. Dabei legen wir Wert auf die tatsächliche Wirkung und den nachhaltigen Nutzen, sowohl für Anleger als für die Gesellschaft als Ganzes. Planen Sie bestimmte Vertriebsaktionen oder Schulungen, um den Absatz nachhaltiger Investments zu stärken? Die XOLARIS Gruppe legt großen Wert auf umfassende Produktschulungen für Vertriebspartner und Anlege. Wir bieten eine große Auswahl an Online Formaten, wie regelmäßige Webinare, diverse Fachartikel und Podcasts. Unsere Informationen sind in vielen Formaten bequem verfügbar. Die XOLARIS Gruppe: Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. www.linkedin.com/company/xolarisgroup www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Pressekontakt: Zoe Peffer | T. +49 7531 584 88-30 | z.peffer@xol-group.com

Auch im vergangenen Jahr haben institutionelle Investoren ihre Allokation mit Alternativen Investments wieder deutlich erhöht. „Ein wichtiger Grund für eine Investition war das attraktive Rendite-Risiko-Verhältnis von Alternativen Investment gerade im Niedrigzinsumfeld“, sagt Frank Dornseifer, Geschäftsführer des Bundesverbandes Alternative Investments (BAI) im Hedgework Talk mit Uwe Lill.

An initial approach to this can be obtained from the type of product assortment available. Below, we look at both the food sector (including related products) and the non-food sector. When it comes to distribution channels, a basic distinction can be drawn between stationary retail and online retail, whereby stationary retail can be broken down in turn into "shopping malls", "specialist retail centres" and inner-city retail. The retail trade ensures that the population is supplied with its basic needs. In this regard, any changes taking place in this sector are an issue of crucial importance in relation to the its socio- economic structure, as they are accompanied by corresponding alterations in lifestyle and the ways people organise their lives. In the last 20 years, for example, it has become clear that "department stores" as a concept are increasingly just the "shopping temples" of a bygone era, they are virtually obsolete. In Germany first and foremost, the demise of Karstadt comes to mind. Changes in buying and demand behaviour have largely led to the "department stores'" becoming increasingly irrelevant, and this process has been accompanied by numerous individual store closures. Online trading in clothing, computers, electronic articles and here, sales figures have been increasing for years. Top of the list in terms of online sales is clothing, at almost 9 billion euros, followed by computers and software at around 6 billion euros, and other retail at 4 billion euros. More: https://en.blog.xol-group.com/retail-in-transition XOLARIS is now in its eleventh year of existence. Having started as a classic back-office outsourcer based in Constance, we have now developed into an international structuring and fund management platform for real assets, with offices in Liechtenstein, Germany, France, Singapore and Hong Kong. In this regard, our growth is consistently breaking new ground. When we made the decision to set up KVG, an independent service, in 2014, many people agreed that there would be no market for this service. Today, the ManCo market is one of the fastest growing markets. Expansion into Asia in 2018 laid the foundations for internationalisation, which, in the capacity of first foreign market participant, reached another milestone in 2020, with relocation of the holding company to Liechtenstein and acquisition of the AIFM licence. As the next AIFM location, Paris is the logical next step of the XOLARIS Group's success story. In this context, it was and is always important to us that we remain true to our roots in the real asset business. We will continue to maintain this focus as we move towards becoming a global real asset investment group. With our new CI, we want to break new ground in this area. The first edition of Market News as well as our podcasts, constitute another step in the development of the Group. I would like to take this opportunity to thank all my colleagues, without whose great work the success of XOLARIS would not have been possible. I hope you like our new format as well. Even so, we are open to suggestions and criticism and look forward to your feedback. www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com

Renewables Energy Angelo Olympio, Portfoliomanager, ADREALIS Service Kapitalverwaltungs-GmbH, Munich ELECTRICITY HAS BECOME A VITAL PART OF THE WORLD WITHOUT IT WE WOULD STILL LIVE LIKE IN THE STONE AGE IT ENABLES INDUSTRIAL PRODUCTION, MOBILITY AND ENTERTAINMENT. OUR SOCIETY HAS BECOME ACCUSTOMED TO THE MOST IMPORTANT TECHNOLOGY THE INTERNET WOULD NOT WORK WITHOUT ELECTRICITY. TO SEE IF WE CAN PRODUCE THIS ELECTRICITY IN A SUSTAINABLE WAY, I WILL EXPLAIN IN A SHORT PARAGRAPH WHAT SUSTAINABILITY MEANS ENVIRONMENTAL SOCIAL GOVERNANCE (ESG) More:https://en.blog.xol-group.com/renewables-energy XOLARIS is now in its eleventh year of existence. Having started as a classic back-office outsourcer based in Constance, we have now developed into an international structuring and fund management platform for real assets, with offices in Liechtenstein, Germany, France, Singapore and Hong Kong. In this regard, our growth is consistently breaking new ground. When we made the decision to set up KVG, an independent service, in 2014, many people agreed that there would be no market for this service. Today, the ManCo market is one of the fastest growing markets. Expansion into Asia in 2018 laid the foundations for internationalisation, which, in the capacity of first foreign market participant, reached another milestone in 2020, with relocation of the holding company to Liechtenstein and acquisition of the AIFM licence. As the next AIFM location, Paris is the logical next step of the XOLARIS Group's success story. In this context, it was and is always important to us that we remain true to our roots in the real asset business. We will continue to maintain this focus as we move towards becoming a global real asset investment group. With our new CI, we want to break new ground in this area. The first edition of Market News as well as our podcasts, constitute another step in the development of the Group. I would like to take this opportunity to thank all my colleagues, without whose great work the success of XOLARIS would not have been possible. I hope you like our new format as well. Even so, we are open to suggestions and criticism and look forward to your feedback. www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group Press/ Podcast Contact: Zoe Peffer | T. +49 7531 584 88-30 | marketing@xol-group.com

Interview mit Stefan Klaile,Gründer der Xolaris Gruppe Vertriebsgipfel FinanzBusiness 2021 FinanzBusinessMagazin: Wer ist die XOLARIS-Gruppe? Stefan Klaile: Die XOLARIS Gruppe ist eine unabhängige Private Label – Investmentplattform mit Fokus auf Alternative Investmentfonds („AIF“) in den Assetklassen Private Equity, Immobilien, Erneuerbare Energien und Schiff fahrt sowohl für professionelle als auch für Privatinvestoren. Wir verstehen uns als Service Management Company („ManCo“) und werden von unseren Kunden als individueller Lösungsanbieter sehr geschätzt. Als Service Dienstleister agieren wir stets im Interesse unserer Kunden, der verwalteten AIF und ihrer jeweiligen Investoren unter stringenter Wahrung der bestehenden aufsichtsrechtlichen Rahmenbedingungen. Mit Hauptsitz in Liechtenstein agieren wir zudem an den Standorten München, Konstanz, Paris, Hongkong und Singapur. Zur XOLARIS Gruppe Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com XOLARIS MARKET NEWS, Newsletter, Veranstaltungen: https://linktr.ee/xolaris_group Pressekontakt: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

*Article #390 . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Depositary: Voluntary Withdrawal, Removal, Non-Compliance, Insolvency - RAIF XXII #389 *Article #389 . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

AIFM: Voluntary Withdrawal, Removal, Missing Authorisation, Insolvency - RAIF XXII - #388 . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Market Overview – Liechtenstein The Place for Setting-Up an Alternative Investment Fund ("AIF") Kai Renning, Managing Director, XOLARIS Capital AG, Liechtenstein Liechtenstein, which has been a member of the European Economic Area (EEA) since 1995, has fully implemented the European directives for UCITS and AIFM at national level; it has done so in its legislation on specific undertakings for collective investment in transferable securities (UCITSG) and on alternative investment fund managers (AIFMG). Liechtenstein funds, their providers and their managers are thus subject to exactly the same requirements at European level in the form of rights and obligations as those in EU member states and other EEA states. This includes restrictions on constitutive documentation, as well as equal participation in the European internal market via passporting. Investors, in turn, enjoy the same regulatory protection in all countries that have signed up to the European AIFM Directive. The OECD has also been giving Liechtenstein high marks in its country assessments since 2015. Liechtenstein now has the same rating as Germany, for example, and takes effective action against tax fraud and tax evasion. Liechtenstein also committed to the OECD's AEOI standard (exchange of certain information on financial accounts in tax matters) back in 2014. Liechtenstein's AEOI now covers well over 100 countries, including EU member states. Here too, Liechtenstein ensures more tax transparency for foreign investors. In addition to any legal and fiscal parameters, the Principality of Liechtenstein offers other advantages with significant added value when compared to other EEA member states; especially when it comes to the practical implementation of planned financing structures. In this context, the Liechtenstein Financial Market Authority ("FMA") deserves special mention, as it distinguishes itself through its highly specific practical knowledge and experience, both in terms of the market as well as in terms of investors and products. In general, the deadlines set for regulatory investigations are also significantly undercut; and this, which creates a high degree of certainty for planning purposes for product suppliers and regulatory authority stakeholders. The Liechtenstein Investment Fund Association ("LAFV") should also be cited. This organization was not created just to market Liechtenstein as a fund location, but rather to gather together the interests of market participants and to represent them to regulators and other equivalent protagonists. One helpful example of the usefulness of how useful synergies can be is, without doubt, the standardization constituent documentation, which has led to a significant reduction in costs and effort associated with the design of new financing projects. In addition, the LAFV also acts as a publication body for all investment fund structures in the country, thereby ensuring maximum transparency. more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01 ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

AIFMs are faced by a lot of regulatory changes in respect of risk management. Lates development was the introduction of ESG criteria as a new risk factor. which leads to significant changes in the whole set-up of an organization and in daily operations. Both real estate and private equity fund managers are concerned about the burden laid down to them as far as risk management is concerned. This was performed more or less with the help of a portfolio management system but without processes and procedures in place to fulfill regulatory requirements in full. With the requirement for AIFMs to implement a functionally and hierarchically independent risk management function and setting up a documented risk management process, RE and PE fund managers have to familiarize themselves with a new operating model. In order to be independent of the risk-management function, specific safeguards have to be established. Senior Management must be composed adequately as well as the board, remuneration committee, and conflicts of interest policy. As an example, the oversight of risk management cannot be performed by the conducting officer in charge of portfolio management. Similarly, remuneration for personnel in control functions has to be separated from that of employees in operational units. The precondition for an AIFMD-compliant risk-management function is thus the implementation of an according to organizational and governance structure. The result is a huge challenge for current and prospective fund managers because all current processes and structures must be reviewed and – where necessary- replaced by appropriate procedures. Another difficulty is to find well-trained and experienced staff in order to be able to perform all risk management tasks properly because the job specification of a risk manager has changed dramatically during past years and the labor market for these specialists isn`t that big. Another item in respect of performing risk management according to regulatory requirements is the question of which risk management software to use. This is dependent of the kind of funds an AIFM is administering and the risk management policy as well as measurement and management tools. The key obligations set out in the AIFMD and its delegated regulation (Level 2) are to identify, document, measure and monitor all risks that are relevant for each of its AIFs and the AIFM itself with adequate frequency. Risks that have to be monitored generally include market, credit, liquidity, counterparty, operational and ESG risks. AIFMs must have a clear idea of the meaning and implications of risks for each AIF they administer. Therefore a stringent risk management framework has to be established allowing to monitor different fund types and associated risks and to set up risk limits. Once breached a predefined escalation process has to be followed. As an example, market risk for a RE fund may be defined along the lines of investment market and micro-location developments, whereas for a PE fund investing in companies producing goods it may rather relate to developments within target customer groups or competitor movements. more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01 ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Market Overview – France French investment funds market is larger than UK and very promising for Real Estate Funds Volodymyr Andrianov, XOLARIS Capital AG, Liechtenstein France is the 4th largest investment funds market in Europe (after respectively Luxembourg, Ireland and Germany), holding over 11% of the European total funds' assets amounting up to over 1.900. trln. euro (out of total 17,5 trln. euro of funds assets in Europe). And on the AIF´s market, France is the second largest in Europe, after Germany. From total number of French funds (around 11 000), almost 70% are focused on alternative assets. Also on asset size, the share of alternative fund assets overweight the UCITS assets almost by half (1.150 bln. against 800 bln.). In terms of AIF assets, French AIF market is almost 3 times higher than UK (over 1.143 trln. in France against 439 bln. in UK). While traditionally the share of liquid assets had always been substantially higher on average across Europe. However, the majority of the institutional investors in France still rely on discretionary mandates, making it second largest asset management market in Europe in terms of assets size. Equally, it holds second place in Europe in terms of number of assets management companies located in country (633 in France out of 4 539 for the whole Europe in 2018). At the same time the role of funds management companies evidenced some growth trend on the French market in the last few years making more and more asset holders to entrust it´s investment to fund's management structures making this market attractive for the new entries by independent third party AIFM service providers. The AIFM´s represent strong advantages for passive investors, comparing to traditional discretionary mandates, due to strictly regulated operation policies and procedures, personal liability of its' core officers, existing multiple lines of defense of investor interests and enhanced standards independence protection in their decisions to the benefit of investors. The AIFM´s themselves being placed under very strict direct supervision of financial market regulating authority (which is Autorite des Marches Financiers in France) focused on preservation of investor rights protection and stability of the financial market infrastructure. more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01 ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Stefan Klaile Stefan Klaile founded the XOLARIS Group in 2010. Prior to that, he gained more than 20 years of experience in the field of liquid and illiquid financial products. Since 2010 he has been managing alternative investment products for third parties with the XOLARIS Group. In 2013, he founded the XOLARIS Service Capital AIFM in Munich as an independent Master AIFM. Since 2016 he has been chairman of the supervisory Board of ADREALIS Service KVG (AIFM), Munich, and since 2019 Chairman of the Board of XOLARIS AG Liechtenstein, Hong Kong. Kai Renning Kai S. Renning joined the XOLARIS Group in 2014 and has been co-responsible for the development and market positioning of the scope of services of an external Service Alternative Investment Fund Manager (“Master AIFM”). Furthermore Mr. Renning is Managing Director of the Liechtenstein based AIFM and responsible for the Portfolio Management. Prior to that, he gained more than 10 years of experiences in the international banking and finance industry as well as in the field of liquid and illiquid financial products.

XOLARIS is now in its eleventh year of existence. Having started as a classic back-office outsourcer based in Constance, we have now developed into an international structuring and fund management platform for real assets, with offices in Liechtenstein, Germany, France, Singapore and Hong Kong. In this regard, our growth is consistently breaking new ground. When we made the decision to set up KVG, an independent service, in 2014, many people agreed that there would be no market for this service. Today, the ManCo market is one of the fastest growing markets. Expansion into Asia in 2018 laid the foundations for internationalisation, which, in the capacity of first foreign market participant, reached another milestone in 2020, with relocation of the holding company to Liechtenstein and acquisition of the AIFM licence. As the next AIFM location, Paris is the logical next step of the XOLARIS Group's success story. In this context, it was and is always important to us that we remain true to our roots in the real asset business. We will continue to maintain this focus as we move towards becoming a global real asset investment group. With our new CI, we want to break new ground in this area. The first edition of Market News as well as our podcasts, constitute another step in the development of the Group. I would like to take this opportunity to thank all my colleagues, without whose great work the success of XOLARIS would not have been possible. I hope you like our new format as well. Even so, we are open to suggestions and criticism and look forward to your feedback. ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Safekeeping - RAIF XXI #387-376* *Article #387 *Podcast #387 *YouTube Video 376| . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

AIFM, RAIF & European Passport - RAIF XX #386-375* *Article #386 *YouTube Video 375| . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

The XOLARIS Group continues to grow and is expanding its presence to include France and Luxembourg, with more countries to follow. The XOLARIS Group has been consistently growing into an international structuring platform for real assets. Its Paris office was opened on 1 May 2021. The number of countries in which structuring and fund management services for AIFs can be offered has been expanded to include France and Luxembourg. Countries such as Austria, the Netherlands and Cyprus are to follow in the next few months. "Our growth shows that there is increasing demand for our "Private Label Platform” service offering; this is in addition to our current core countries of Germany and Liechtenstein, and also France and Luxembourg. It is not so much that we are offering our clients the benefits of Luxembourg as a location on its own; rather, they appreciate the fact that, in our discussions with them, we are able to offer solutions across a range of countries; and so, could potentially become a central point of contact as regards their requirements in international real asset structuring and fund management. “We will continue to pursue this path in a steady fashion”, says Stefan Klaile, a member of the XOLARIS AG Board of Directors. ____ The XOLARIS Group will continue to expand its focus as an international AIFM service for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapore, we are already able to offer our customers individual structuring solutions. True to our motto “Made with Passion”, we take the time to understand the needs of our customers and implement them in individual structuring solutions. Thanks to our integrated approach from structuring to liquidation, we can also take into account all of our customers' wishes in administration and fund accounting. We support sales partners and investors with our “Sunrise Capital” brand. She serves as an interface between the AIFM and our customers and is the contact person for all questions relating to sales. ___ Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. https://linktr.ee/xolaris_group www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

What Is a Well-Informed Investor ? RAIF XIX *Article #385 *Podcast #385 *YouTube Video 374| . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

The Reserved Alternative Investment Fund - RAIF xviii *Article #384 *YouTube Video 373| . . . . . . . . #ImpactInvesting , #avocat #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats' YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L'IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Unter den Assetklassen ist es u.a. bekannt als diejenige, die Innovationen als Treibstoff des Mittelstandes fördert und nicht selten in noch sehr frühen Phasen einer Unternehmung oder gar Ideenfindung die oft einzige Finanzierungsmöglichkeit zur Umsetzungsgestaltung ist. Private Equity ermöglicht genau da finanzielle Unterstützung, wo ggf. anderweitige Finanzierungsmöglichkeiten, wie beispielsweise klassische Bankdarlehen, an ihre Grenzen stoßen. Zudem bietet Private Equity das gewisse Grad an Vertraulichkeit und Ruhe, die ein Unternehmen in gewissen Phasen des Lebenszyklus benötigen wird. Insbesondere im Bereich der Frühphasenfinanzierung, dem sogenannten Venture Capital, ist ein gewisser Gestaltungsspielraum kreativer Köpfe und Innovationstreiber unabdingbar. Meist bestehen aber auch insbesondere im Auf- und Ausbau der kaufmännischen Unternehmensführung und der Gestaltung einer operativ funktionierenden Aufbauorganisationsstruktur erkennbare Defizite, die gezielt durch Fachexpertise von Venture Capital Investoren eingebracht werden können. Mehr: https://www.linkedin.com/pulse/private-equity-mehr-als-nur-eine-assetklasse-zoe-peffer/ Zur XOLARIS Gruppe Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. Am 6. und 7. Juli 2021 erhalten Sie von uns einen umfassenden Überblick zu den aktuellsten und gefragtesten Themen im Sachwertebereich. Nutzen Sie diese einmalige Gelegenheit, um mehr über Strategien, Aufgaben und Funktionen der Unternehmen rund um geschlossene AIFs zu erfahren. Sie können sich zu jedem Vortrag auf folgender Webseite anmelden: https://sachwertetage.xol-group.com/21 MUSIC: Envato Elements ______ www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com Get inspired for our event reminder emails: eepurl.com/hfGLXL XOLARIS Webinar Series LinkedIn Group www.linkedin.com/groups/12512062/ Follow us on LinkedIn: www.linkedin.com/company/xolarisgroup, Twitter: twitter.com/XolarisG for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. capital, investing , invest, asset , asset manager, what is asset management, asset manager Singapore, asset managment , invest hong kong, invest Sigapore, asset management solutions, invest luxemburg, digital asset management solutions, real estate, real estate market, equity fund, equity, investor, digital asset managment, privat equity, privat equity schweiz, fonds, financial assets

International Shipping Market, Harald Piper, Portfoliomanager "Weltwirtschaft, Welthandel und Schifffahrt Die Entwicklung von Weltwirtschaft, Welthandel und der weltweiten Handelsschifffahrt sind eng miteinander verbunden. Weltweite wirtschaftliche Verflechtungen und vor allem die Verteilung der Produktions- und Fertigungsstandorte über alle Kontinente machen die Schifffahrt zu einem wesentlichen Element der globalen Handelsströme. Die Bedeutung des Seehandels ist vor allem aufgrund der relativ geringen Frachtkosten gestiegen. Rohstoffe, halbfertige und fertige Produkte müssen möglichst schnell und preisgünstig zwischen Produktionsstätten und Absatzmärkten in aller Welt transportiert werden. Wasser ist heutzutage der leistungsfähigste Transportweg. Zwischen 95 und 98% des interkontinentalen Warenverkehrs findet deshalb bereits auf dem den Seeweg statt. Je nach Ladung werden dafür Containerschiffe, Tankerschiffe oder Bulker, also Massengutschiffe, eingesetzt. Schließlich erfreut sich auch die Tourismusbranche einer stetig steigenden Nachfrage in der Kreuzfahrtbranche. Nachdem im Frühjahr 2020 die weltweite Logistik im Zuge der Corona-Pandemie nahezu vollständig zusammengebrochen war – das Weltwirtschaftswachstum brach binnen kürzester Zeit von einem durchschnittlichen jährlichen Wachstum von rd. 5% kurzfristig auf einen Tiefstwert von unter 0% ein – setzte in der 2. Jahreshälfte bereits wieder eine starke Erholung ein. Die Nachfrage nach Ladungsvolumina hat gut neun Monate später wieder nahezu das Niveau vor der Krise erreicht und die Frachtkosten steigen rapide an, die Handelsschifffahrt läuft auf Hochtouren wie seit langem nicht." Die XOLARIS Gruppe: Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label - Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: "Investment Quality - Made with Passion." Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. HERZLICH WILLKOMMEN ZU DEN ERSTEN XOLARIS SACHWERTETAGEN Am 6. und 7. Juli 2021 erhalten Sie von uns einen umfassenden Überblick zu den aktuellsten und gefragtesten Themen im Sachwertebereich. Nutzen Sie diese einmalige Gelegenheit, um mehr über Strategien, Aufgaben und Funktionen der Unternehmen rund um geschlossene AIFs zu erfahren. Auch wenn wir Sie gerne persönlich kennenlernen möchten, ist aufgeschoben ja nicht aufgehoben und wir stehen Ihnen jederzeit gerne für Fragen und Anregungen zur Verfügung. https://sachwertetage.xol-group.com/21 www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Pressekontakt: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com Newsletter: http://eepurl.com/hfGLXL Podcast: https://podcasts.apple.com/de/podcast... Youtube: https://www.youtube.com/channel/UCSnD... LinkedIn: https://www.linkedin.com/company/7145... Twitter: https://twitter.com/XolarisG Xing: https://www.xing.com/pages/xolarisgroup

XOLARIS wächst nach Frankreich und Luxemburg Die XOLARIS Gruppe wächst weiter und erweitert ihre Präsenz um die Länder Frankreich und Luxemburg, weitere sollen folgen Die XOLARIS Gruppe wächst kontinuierlich hin zu einer internationalen Strukturierungsplattform für Real Assets. Bereits am 01. Mai 2021 wurde das Büro in Paris eröffnet. Die Anzahl an Ländern, in denen Strukturierungs – und Fondsmanagementleistungen für AIF´s angeboten werden können, wurde um Frankreich und Luxemburg erweitert. Länder wie Österreich, die Niederlande und Zypern sollen in den nächsten Monaten folgen. „Unser Wachstum zeigt, dass für das Serviceangebot der „Private Label Plattform“ neben unseren derzeitigen Kernländern Deutschland und Liechtenstein auch Frankreich und Luxemburg ein zunehmend wachsender Bedarf herrscht. Dabei geht es weniger darum, dass wir unseren Kunden den Standort Luxemburg singulär anbieten wollen. Vielmehr schätzen es unsere Kunden, dass wir in den Gesprächen Lösungen über viele Länder hinweg anbieten können, und damit auch für unsere Kunden zu einem zentralen Ansprechpartner für deren Bedürfnisse im Bereich der internationalen Sachwertestrukturierung und Fondsmanagement werden. Diesen Weg werden wir konsequent weiterverfolgen, so Stefan Klaile Verwaltungsrat der XOLARIS AG. Die XOLARIS Gruppe: Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. MUSIC: Envato Elements ______ www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com Get inspired for our event reminder emails: eepurl.com/hfGLXL XOLARIS Webinar Series LinkedIn Group www.linkedin.com/groups/12512062/ Follow us on LinkedIn: www.linkedin.com/company/xolarisgroup, Twitter: twitter.com/XolarisG for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support.

"Wir müssen mit keiner Revolution bei der Novelle der Richtlinie für Verwalter alternativer Investmentfonds rechnen", sagt David Eckner, Manager und Rechtsanwalt bei KPMG Law, im BVK-Expertentalk mit Swantje von Massenbach. Welche Rolle spielt die AIFM-Richtlinie, welchen Einfluss hat sie auf den Fondsstandort Deutschland und wie schätzt David Eckner die Novelle AIFMD II ein? Das erfahren Sie im BVK Podcast!

Xolaris-Chef Stefan Klaile goes Liechtenstein, Xolaris-Chef Stefan Klaile über die Möglichkeiten einer Service-KVG nach Liechtensteiner Recht" Chefredakteur: Der Fondsbrief, Markus Gotzi Lesen Sie jetzt das komplette Interview: https://www.rohmert-medien.de/wp-content/uploads/2021/02/Der-Fondsbrief-Nr-378.pdf "Im November 2020 hat die Finanzmarktaufsicht Liechtenstein der XOLARIS Capital AG, Vaduz die Zulassung als AIFM erteilt. Damit wächst die XOLARIS als White Lable ManCo Plattform auch international weiter. In Liechtenstein liegt der Fokus auf dem Bereich der Real Assets wobei die Möglichkeit besteht auch Financial Assets zu strukturieren." _______________________ Die XOLARIS Gruppe: Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“ Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren. Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. https://www.linkedin.com/company/xolarisgroup www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Pressekontakt: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

With SDG 6, the United Nations aims to ensure clean water and sanitation in all countries of the world by 2030. The focus is on improving water quality, in particular reducing the pollution of groundwater and drinking water by hazardous chemicals from production processes in industry and agriculture. Water bodies are to be protected and restored as natural ecosystems because species loss in rivers, lakes, and wetlands is increasing much faster on land than in the sea. Large parts of the world's population do not have permanent access to clean drinking water but, more importantly, still do not have access to clean toilets whose wastewater can be treated and disposed of safely. So not only is there a lack of clean drinking water, but it is also too polluted. For this reason, efforts have been made for many years by international organizations to make the high investment requirements in infrastructure and water technologies more attractive to institutional investors by providing appropriate investment opportunities. But what exactly does "water investments" mean, and what is meant by the various investment strategies and implementation methods? ... More: https://www.linkedin.com/pulse/water-investments-suitable-asset-class-investors-zoe-peffer/ With a global presence and local offices, XOLARIS AG can support institutional investors in these issues as well as in the implementation of an investment policy across the entire spectrum of alternative investments. With a network of asset managers and external advisors, we can develop suitable investment strategies with custom-fit fund structures that meet the respective regulatory and tax requirements of the investors. About the XOLARIS Group Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes Private Equity, Real Estate, Renewable Energy and Shipping. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.” Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments. As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors. Author Bio: Ernesto Burzić has 25 years of experience in financial markets. He started his career in fund structuring and administration in 1999 with Universal-Investment in Frankfurt. As Sales Director he was responsible for the acquisition of asset managers and institutional investors for the entire range of Master-KVG and fund administration services. In 2007 he joined HSH Nordbank´s asset management unit in Luxembourg for the distribution of alternative investments. After holding further sales positions in Luxembourg in fund administration and fund services, Ernesto returned to Germany in 2014 as Senior Sales Manager with Munich based asset manager BayernInvest, the subsidiary of Bayerische Landesbank. In March 2021 he became Head of Sales at XOLARIS AG in order to expand its business with institutional investors and asset managers. Ernesto holds an MBA in Financial Management from City University of Seattle. He studied at the University of Tübingen and also holds a vocational business diploma. Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support. https://www.linkedin.com/company/xolarisgroup www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/special-purpose-acquisition-company-spac-options-in-luxembourg What are Special Purpose Acquisition Companies, or SPACs? A SPAC is an acquisition vehicle typically created by experts in specific sectors, for example, in technology. The primary objective of an S PAC is to acquire an existing entity that is in the early stages of filing for an Initial Public Offering, or IPO. The acquisition is funded by the capital that the S PAC raises from it's own Initial Public Offering. This capital is then kept in escrow until the target company has been identified. Once done, the process can be completed quickly, hence giving the target entity a quicker and hassle-free route to an IPO. If an SPAC fails to locate an acquisition, it would have to be liquidated. The advantage to investors is that they get to seize opportunities quickly, within the protection of a listed entity with all the required adherence to regulation and transparency. The advantage for the target company is that they get to list quickly, through the merger process. Because of the nature of it's operation, S PACs are often called “blank-cheque” companies. Why establish an SPAC in Luxembourg? Luxembourg offers many solutions to establish S PACs. The country is a leading jurisdiction for setting up of investment funds and holding companies. In fact, Luxembourg is the second-largest fund domicile in the world, and the largest in Europe, managing over EUR 5.1 trillion dollars. Funds setup in Luxembourg can be distributed through the European Union, under the AIFM directive. A Luxembourg structure also offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/debt-funds-in-luxembourg Why set up a debt fund in Luxembourg? Luxembourg is a leading jurisdiction for investment funds and the second largest investment fund centre in the world after the United States. It is the largest fund jurisdiction in the European Union, with more than Euro five trillion of assets under management. The country is a politically and financially stable EU country with a AAA-Rating. As a jurisdiction within the European Union, debt funds established in Luxembourg can be more easily distributed within the EU on the basis of existing passporting rights for EU funds. What are the key advantages of setting up debt funds in Luxembourg? 1. The first big advantage is choice. Fund managers can choose the level of supervision they require, depending on the kind of clients that the fund will market itself to. Accordingly, hedge funds can be unsupervised (such as SLPs), supervised (such as SIFs) or attach themselves with a supervised AIFM (such as RAIFs). 2. A Luxembourg structure also offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers. 3. Distribution options are the next major advantage. A Luxembourg fund could be passported on the basis of the AIFMD framework, once it appoints an AIFM. (i.)Then there are the tax benefits. a.There is a choice of tax treatment according to the choice of investment vehicle. Debt funds can be fully taxable and have access to Luxembourg's double tax avoidance treaties network, or can choose to be tax exempt, but with very limited access to double tax treaties. b. Debt funds can also be tax neutral with either legal or no legal personality. In this event, the partners of the fund will become taxable, and not the debt fund itself.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/sicav-in-luxembourg Why set up a SICAV in Luxembourg? Luxembourg is a leading jurisdiction for investment funds and the second largest investment fund centre in the world after the United States. It is the largest fund jurisdiction in the European Union, with more than Euro five trillion of assets under management. A big advantage is choice. Fund managers can choose the level of supervision they require, depending on the kind of clients that the fund will market itself to. Accordingly, hedge funds can be unsupervised (such as SLPs), supervised (such as SIFs) or attach themselves with a supervised AIFM (such as RAIFs). A Luxembourg structure also offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers. The country is a politically and financially stable EU country with a AAA-Rating. As a jurisdiction within the European Union, funds established in Luxembourg can be more easily distributed within the EU on the basis of existing passporting rights for EU funds.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/setting-up-an-umbrella-fund-in-luxembourg What is an umbrella fund? An umbrella fund is collective investment scheme that legally exists as a single entity but has several distinct compartments or sub-funds. These sub-funds may follow completely different investment policies and can have different investors for each compartment. Such sub-funds are treated as separate funds, with assets and liabilities being segregated and fund accounting also being done separately. Luxembourg offers multiple fund structures with the flexibility of opting for supervision, lower requirements for diversification of assets and an option for passporting by appointing an AIFM. Luxembourg also has a diverse ecosystem of existing funds and service providers, which makes it easier to rent a compartment or make a sub-fund of an existing umbrella fund. This is usually used by startup or first-time fund managers of smaller funds, due to the ease of setup and lower costs. What are the advantages of setting up an umbrella fund in Luxembourg? Luxembourg offers many advantages for the establishment of umbrella funds: The first one being time-to-market. 1. Setting up an umbrella fund is a one-time process, with an incremental sub-procedure for each compartment. a. The fund manager does not have to go through a separate setup process, nor re-negotiate terms with service providers, every single time. 2. Costs also play a big part here. An umbrella fund with multiple compartments costs much lesser than setting up distinct funds, especially for fund managers who wish to employee various strategies for specific investor groups. 3. The third is choice. Fund managers can choose the level of supervision they require, depending on the class of assets that the fund will invest in, and the kind of clients that the fund will market itself to. Accordingly, funds can be unsupervised (such as SLPs), supervised (such as SIFs) or attach themselves with a supervised AIFM (such as RAIFs). 4. A Luxembourg sub-structure offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers. Besides, this is a well-established practice, being tried and tested for many years. 5. Distribution options are also available. For instance, the umbrella and sub-funds could be passported on the basis of the UCITS or AIFMD framework.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/renting-a-sub-fund-in-luxembourg Why rent a sub-fund in Lexembourg? Luxembourg offers multiple fund structures with the flexibility of opting for supervision, lower requirements for diversification of assets and an option for passporting by appointing an AIFM. Luxembourg also has a diverse ecosystem of existing funds and service providers, which makes it easier to rent a compartment or make a sub-fund of an existing umbrella fund. This is usually used by startup or first-time fund managers of smaller funds, due to the ease of setup and lower costs. What are the advantages of renting a sub-fund in Luxembourg? Renting a sub-fund has many advantages: The first one being time-to-market. 1. Using an established provider helps launch the fund quickly. The fund manager does not have to go through a separate setup process, nor negotiate terms with service providers, since these platforms are pretty much plug and play options. 2. Costs also play a big part, especially for first-time fund managers. Plugging into an existing ecosystem has its advantages in costs, as opposed to setting up a fund outright. 3. The third is choice. Fund managers can choose the level of supervision they require, depending on the class of assets that the fund will invest in, and the kind of clients that the fund will market itself to. Accordingly, funds can be unsupervised (such as SLPs), supervised (such as SIFs) or attach themselves with a supervised AIFM (such as RAIFs). 4. A Luxembourg sub-structure offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers. Besides, this is a well-established practice, being tried and tested for many years. 5. Distribution options are also available. For instance, the sub-fund could be passported on the basis of the UCITS or AIFMD framework.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/real-estate-funds-in-luxembourg Why setup a real estate fund in Luxembourg? Luxembourg offers multiple fund structures with the flexibility of opting for supervision, lower requirements for diversification of assets and an option for passporting by appointing an AIFM. Luxembourg has a diverse ecosystem of existing funds and service providers, which makes it easier to rent a compartment or make a sub-fund of an existing umbrella fund. This is usually used by startup or first-time fund managers of smaller funds, due to the ease of setup and lower costs. Such factors have led to Luxembourg becoming the leading domicile globally, for real estate fund structures. What are the advantages of setting up a real estate fund in Luxembourg? There are many!! 1. The first big advantage is choice. Fund managers can choose the level of supervision they require, depending on the kind of clients that the fund will market itself to. Accordingly, funds can be unsupervised (such as SLPs), supervised (such as SIFs) or attach themselves with a supervised AIFM (such as RAIFs). 2. A Luxembourg structure also offers comfort to investors, given the good reputation of the jurisdiction, the enhanced protections offered to investors and the existing network of globally-recognised service providers. 3. Distribution options are the next major advantage. A Luxembourg real-estate fund could be passported on the basis of the AIFMD framework, once it appoints an AIFM. Such funds also have a more advantageous tax treatment, with the choice of tax treatment according to the choice of investment fund. For instance, real estate funds can be fully taxable and have access to Luxembourg's double tax treaties network. Alternatively, funds can be tax exempt, but with very limited access to double tax treaties. A third course being tax neutral, with either legal or no legal personality. In this case, the partners of the fund are subject to tax, and not the fund itself.

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/luxembourg-specialised-investment-fund-sif Advantages of setting up a SIF in Luxembourg The following are the advantages of setting up a SIF in Luxembourg: Can be established as a SICAV or SICAF. These can be established as public limited companies (SA), Private limited company (SARL), limited partnerships, special limited partnerships (SLP) or partnerships limited by shares (SCA). Can be setup as a contractual fund (FCP) with no legal personality and managed by a management company. Can be setup as an Umbrella Fund as well, with multiple compartments Asset protection – The SIF has to appoint an eligible custodian, that has to be present in Luxembourg, either directly or through a branch office. Supervision – The SIF is supervised directly by the CSSF. In case the SICAR falls under the purview of the AIFMD, then it has to appoint a regulated AIFM, which adds an additional layer of regulation and protection for the investors. Tax attractiveness – The SIF is exempt from most Luxembourg taxes. There is a 0.01% tax on the net asset value of the fund.

Risk Function inside the AIFM, Is the Risk Manager the only function of the company controlling the risks? Risk Management inside the AIFM is structured in a way to detect and prevent possible risks in course of the activity of the AIFM. It covers risks of organization, risk of operation, risk of counterparties, risk of markets, credit risk and risk of liquidity. The function of risk is structured in a way to prevent the risks already at a very early stage of operation, through implementation of numerous policies and procedures governing daily operations of the AIFM and is paralleled by compliance. Three lines of defense existing and implemented within AIFM cover and involve all functions in the prevention of arising of risk situation at all stages of the funds management process from collecting funds, through the whole process of its investment and distribution. First line is risk assessment within client onboarding process by operational teams through KYC and customer due diligence in accordance with the policies and procedures set up by the Management Company. This role is ensured by client relation function, either a customer administration center of the AIFM or distribution agent or other operating unit. Second line of defense is internal risk function itself along with internal compliance, which are both responsible for timely review and appropriate alignment of adequate policies and procedures, set up of risk identification parameters in operation and review of Third line of defense is internal audit function, which is usually performed by external provider, focused on review of the existing policies and procedures on their alignment with regulatory prescriptions and proper implementation in the daily life of the company. Is the Risk Manager the only function of the company controlling the risks? No, all of the units of the company are involved in risk process, Risk Manager is only directing the process to be properly implemented and applied by every business department. About the XOLARIS Group Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes Private Equity, Real Estate, Renewable Energy and Shipping. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.” Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments. As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors. Author Bio: Volodymyr Andrianov, MD in Risk Management with with more than 20 years of experience in cross boarder structures. MUSIC: Envato Elements ______ www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com Get inspired for our event reminder emails: eepurl.com/hfGLXL XOLARIS Webinar Series LinkedIn Group www.linkedin.com/groups/12512062/ Follow us on LinkedIn: www.linkedin.com/company/xolarisgroup, Twitter: twitter.com/XolarisG for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support.

What does portfolio management do in an external service AIFM? Is portfolio management important in an external service AIFM? In an external service AIFM, asset management is usually outsourced to the initiator of the alternative investment fund (AIF). Therefore, the question arises, what does the portfolio management still do and does it have an important function for the AIF? How well does the portfolio management of the external service AIFM know the assets of the AIF? Questions about questions. Portfolio management has an important function, not only in the case of an external service AIFM, but also in general. It is the decision-making function for investment and de-investment decisions in the AIFs. It reviews the current key figures as well as the forecasts and liquidity planning, and it is the interface where the information from the asset manager, the accounting department and the fund's risk management comes together, is reviewed and evaluated. The valuation of assets is another important function. Portfolio Management takes care of selecting suitable valuers for the assets of the AIFs, reports them to the German Federal Financial Supervisory Authority (Bafin) and monitors the correctness of the valuations. The valuations, in turn, are important for determining the value per share, which is calculated by the portfolio management. This means that every investor knows how much his investment is worth. More: https://www.linkedin.com/pulse/what-does-portfolio-management-do-external-service-aifm-zoe-peffer/ The XOLARIS Group will continue to expand its focus as an international AIFM service for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapore, we are already able to offer our customers individual structuring solutions. True to our motto “Made with Passion”, we take the time to understand the needs of our customers and implement them in individual structuring solutions. Thanks to our integrated approach from structuring to liquidation, we can also take into account all of our customers' wishes in administration and fund accounting. Author Bio: Petra Hamacher-Weiss joined the XOLARIS Group in October 2020 to support the growth strategy and international expansion of the group. She worked in real estate and corporate law since more than 10 years and gained her experience not only from law offices and enterprises but also from working for public authorities. For several years she worked in the management of an international asset management company for closed end AIFs in Germany. Her main focusses there were the legal department and investor relations, especially with French investors and sales partners. She successfully passed her law exam and she's holding a diploma in law from the Eberhard-Karls-University in Tuebingen. ______ www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com Get inspired for our event reminder emails: http://eepurl.com/hfGLXL XOLARIS Webinar Series LinkedIn Group https://www.linkedin.com/groups/12512062/ Follow us on LinkedIn: www.linkedin.com/company/xolarisgroup, Twitter: https://twitter.com/XolarisG for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support.

Go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission. Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux European Passport - UCI Part II Fund and AIFM (ii) #299-288* *Article #299-288* *YouTube Video 288* . . . . . . . . #ImpactFinance , #ServeAndThrive , #lawyer , #ThriveAndAccomplishYourMission , #MariauxAvocats , #ImpactInvesting , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVentureCapital , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #ResponsibleFinance , #domiciliation , #UCIPartIIFund Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission. Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Part II Fund and AIFM (i) #297-286* *Article #297-286* *YouTube Video 286* . . . . . . . . #ImpactFinance , #ServeAndThrive , #lawyer , #ThriveAndAccomplishYourMission , #MariauxAvocats , #ImpactInvesting , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVentureCapital , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #ResponsibleFinance , #domiciliation , #UCIPartIIFund Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

European Passport - SIF and AIFM (ii) #286-275* *Article #286-275* *YouTube Video 275| . . . . . . . . #ImpactFinance , #ServeAndThrive , #lawyer , #ThriveAndAccomplishYourMission , #MariauxAvocats , #ImpactInvesting , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVentureCapital , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #ResponsibleFinance , #domiciliation , #SIF Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

SIF and AIFM (i) #285-274* *Article #285-274* *YouTube Video 274| . . . . . . . . #ImpactFinance , #ServeAndThrive , #lawyer , #ThriveAndAccomplishYourMission , #MariauxAvocats , #ImpactInvesting , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVentureCapital , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #ResponsibleFinance , #domiciliation , #SIF Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Eligible Investors (SIF) #279-268* *Article #279-268 *YouTube Video 268| . . . . . . . . #ImpactFinance , #ImpactInvesting , #attorney , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SIF Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Specialised Investment Fund (SIF) #278-267* *Article #278-267 *YouTube Video 267| . . . . . . . . #ImpactFinance , #ImpactInvesting , #attorney , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SIF Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Administration & Services (SICAR) #277-266* *Article #277-266 *YouTube Video 266| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Safekeeping (SICAR) #276-265* *Article #276-265 *YouTube Video 265| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR

Management (SICAR) #275-264* *Article #275-264 *YouTube Video 264| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR

What Is the Capital Base for a SICAR? #273 *Article #273-262 *YouTube Video 262| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

European Social Entrepreneurship & European Venture Capital Funds - SICAR - #274-263* *Article #274-263 *YouTube Video 263| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR, #EuSEF, #STS Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

European Passport - SICAR and AIFM (ii) - #272-261* *Article #272-261 *YouTube Video 261| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Management (RAIF) #271-260* *Article #271-260 *YouTube Video 260| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

SICAR & AIFM (i) #270-259* *Article #270-259 *YouTube Video 259| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

What Is an Alternative Investment Fund? #269-258* *Article #269-258 *YouTube Video 258| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Financial Reports & Disclosure Obligations (SICAR) - #268-257* *Article #268-257 *Podcast #268 *YouTube Video 257| #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation , #SICAR Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Authorisation and Supervision (SICAR) #267-256* *Article #267-256 *YouTube Video 256| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

What is the legal form of a SICAR? #266-255* *Article #266-255 *YouTube Video 255| Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat. . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

Legal Framework (SICAR) #265-254* *Article #265-254 *YouTube Video 254| Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat. . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

Eligible Assets (SICAR) #264-253* *Article #264-253 *YouTube Video 253| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

Eligible Investors (SICAR) - #263-252* *Article #263-252 *YouTube Video 252| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

Investment Company in Risk Capital (SICAR) - Introduction - #262-251* *Article #262-251 *YouTube Video 251| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

Management (RAIF) #260-249* *Article #260-249 *Podcast #260 . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Administration, Safekeeping & Servicing (RAIF) #261-250* *Article #261-250 *YouTube Video 250| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance , #domiciliation

*Article #258-247 *YouTube Video: 247| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

European Passport (RAIF) #259-248* *Article #259-248 *YouTube Video 248| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Creation and Indirect Supervision - (RAIF) - #257-246* Article #257-246 YouTube Video : 246| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Article #256-245 YouTube Video : 245| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Article #255-244 YouTube Video : 244| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

What Are the Minimum Net Assets of a RAIF? #254-243* Article #254-243 YouTube Video : 243| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #SustainableFinance , #ResponsibleInvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Article #253-242 YouTube Video : 242| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #sustainablefinance , #ResponsibleInvestment , #alternativeinvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

What Is the Legal Framework of a RAIF? #252-241 Article #252-241 YouTube Video: 241| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #sustainablefinance , #ResponsibleInvestment , #alternativeinvestment , #AIF , #AIFM , #AIFMD , #ResponsibleFinance

Determination of the AIFM - #251-240* Article #251-240 YouTube Video : 240| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #sustainablefinance , #ResponsibleInvestment , #alternativeinvestment , #AIF , #AIFM , #AIFMD

AIFM & RAIF - ii - #250-239* Article #250-239 YouTube Video : 239| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #sustainablefinance , #ResponsibleInvestment , #alternativeinvestment , #AIF , #AIFM , #AIFMD

AIFM and RAIF - #249-238* Article #249-238 YouTube Video 238| . . . . . . . . #ImpactInvesting , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #SocialImpact , #impact , #ImpactSocial , #SocEnt , #MissionDriven , #MissionDrivenVenture , #EU , #DFI , #SocialVenture , #AssetManagement , #sustainability , #AlternativeInvestment , #sustainablefinance , #ResponsibleInvestment , #alternativeinvestment , #AIF , #AIFM , #AIFMD

C’est après deux cycles professionnels dans l’armée puis la Finance que Jan décide de fonder avec ses associés la Société RiskConcile. On y découvre la manière dont l’industrie financière génère ses reporting réglementaires notamment les KIDs et comprenons à quel point le fardeau est grand pour les établissements financiers notamment dans le cadre de Directives PRIIPs, ou AIFM. Jan revient avec beaucoup de détails sur le cadre réglementaire mais également la start-up qu’il a créée. Il nous décrit le set-up opérationnel, les gains d'efficacité opérationnels et la mise en route de cas d’usage. Jan met en oeuvre ce dont il a toujours rêvé lorsqu’il était Risk Manager. A écouter si vous êtes Asset Manager et Risk & Compliance Manager ! On repart avec un livre d'histoire de la Belgique et les Ducs de Bourgogne à dévorer ainsi qu'un "whitepaper" sur le climat : De Bourgondiërs: aartsvaders van de Lage Landen de Bart Van Loo Climate Quants de Risk Concile Pour contacter Risk Concile, le plus simple, c'est via le site ou sur LinkedIn. Le contact de Jan de Spiegeleer, plutôt via LinkedIn. Pour soutenir Finscale : - S'abonner au podcast pour écouter le prochain épisode - Mettre 5 étoiles sur Apple podcast pour aider d'autres personnes à découvrir ce podcast Belle écoute et à la semaine prochaine !

Silverfleet's Chairman, Neil MacDougall, talks about the current ‘hotspots' for alternative fund managers amid COVID-19 disruptionIn this episode, our Group Executive Chairman, Serge Krancenblum, sits down with Neil MacDougall, Chairman of both Silverfleet Capital and the British Venture Capital Association (BVCA), to discuss the opportunities and ‘hotspots' available to alternative fund managers against the backdrop of COVID-19.While the pandemic has not spared the alternative assets sector, in all crises there are also opportunities. Neil shares his insights on the factors that have been driving the popularity of private equity and real estate. In particular, he talks about the ‘sweet spots' that the private equity sector is well poised to take advantage of, especially in the light of accelerating digital trends, as well as the future of private equity and private credit following the likelihood of an increase in distressed debt in the current crisis.Neil joined Silverfleet Capital in 1989, and became the firm's fourth Managing Partner in 2004, a position he held until 2019, when he became Chairman of the firm. Having led some of Silverfleet's most successful investments, including Finnish Chemicals and Sterigenics, Neil currently chairs the Investment Committee for Fund II and the European Development Fund. Neil is also Chairman of the BVCA, and with more than 30 years' experience of investing in the European mid-market, his views and opinions are frequently sought by the media and industry alike. Prior to joining Silverfleet, Neil was a management consultant at Bain & Co, which he joined having read Natural Sciences and Computer Science at St Catharine's College, Cambridge University.

Mimbar Online Ramadhan Masjid Kampus UGM 1441 H Edisi ke-21 Pembicara: Dr. dr. H. Zaenal Muttaqin Sofro, AIFM. (Pakar Kedokteran Fisiologi UGM)

Marknadssyn för hösten och positionering Vi kommer att ge vår syn på förväntad utveckling i marknaden givet den rådande geopolitiska oron, det högaktuella handelskriget, samt mycket mer. Vi kommer även belysa hur vi positionerar oss, sektorer av intresse och beskriva vilka möjligheter vi ser i valda positioner. Den viktigaste frågan för marknaden är nog ändå när nästa lågkonjunktur kommer infinna sig, men vår bedömning är att det fortfarande ligger några år bort. De viktiga faktorer som påverkar vår bedömning är inflation, där något högre inflation är önskvärt, men för hög kommer att tvinga centralbankerna till kraftigare åtstramningar och ökad sannolikhet för lågkonjunktur. Ett fullskaligt handelskrig kommer minska världshandeln och därmed minska kakan att dela på. Detta kommer drabba mer exportberoende länder, där Sverige är ett av de mest exportberoende i världen. Trots att vi är många år in i en återhämtning bedriver USA en expansiv finanspolitik, vilket är ett orosmoment. Misstro mot den amerikanska statens möjligheter att återbetala sina lån kommer att få oanade konsekvenser för både räntor och valutor. Risk information Investments in fund units are associated with risk. Past performance is no guarantee of future returns. The money invested in a fund can increase and decrease in value and it is not certain that you will get back the full amount invested. No consideration is given to inflation. The Catella Balanserad, Catella Credit Opportunity and Catella Hedgefond funds are special funds under the Swedish Alternative Investment Fund Managers Act (SFS 2013:561) (AIFM). Catella Sverige Aktiv Hållbarhet and Catella Småbolagsfond may use derivatives, and the value of the funds may vary significantly over time. The value of Catella Sverige Index may vary significantly over time. Catella Avkastningsfond may use derivatives and may have a larger proportion of the fund invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds, in accordance with Chapter 5, Article 8 of the Swedish Investment Funds Act (SFS 2004:46). Catella Nordic Long Short Equity and Catella Nordic Corporate Bond Flex may use derivatives and may have a greater proportion of the funds invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds. For more details, complete prospectuses, key investor information, and annual and half-yearly reports, please refer to our website at catella.se/fonder or phone +46 8 614 25 00.