EFA to provide fund admin services to Luxembourg RAIF
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EFA to provide fund admin services to Luxembourg RAIF 26 March 2020Luxembourg Reporter: Maddie Saghir
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REINO Capital and RF CorVal have selected European Fund Administration (EFA) to provide central administration for its new Luxembourg Reserved Alternative Investment Fund (RAIF) structure.
The fund, targeting the Polish Real Estate market, will have €750 million of assets under administration and will be divided into three sub-funds, according to REINO.
Meanwhile, each sub-fund has its own strategy: Core+ Office Compartment with a dividend strategy, Office Development Compartment with a property development strategy, and Residential Compartment with a housing strategy.
Bart Speybrouck, business development manager at EFA, commented: “EFA is proud to assist with the development REINO RF CEE Real Estate Fund. Our know-how and technology will allow our client to focus on their real estate projects and generating value for their investors.”
Radek ?wi?tkowski, managing partner at Reino Partners, said: “The REINO RF CEE Real Estate Fund we have created is a key structure for implementing our business strategy based, among the others, on efficiently raising capital from international investors.”
He added: “That is why it is even more important for us to have a competent, proficient and experienced partner who would support us in managing our Luxembourg funds. These conditions are certainly met by EFA, which is why we entrusted this task to them with full confidence.”
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