Asset management vehicles |
Multi-purpose vehicles |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vehicle | UCITS Undertaking for Collective Investments in Transferable Securities |
UCI Part II Alternative Investment Fund |
SIF Specialised Investment Fund |
SICAR Investment Company in Risk Capital |
RAIF Reserved Alternative Investment Fund |
SCS / SCSp Limited Partnership (incl. special limited partnerships) |
IORP Pension Fund Vehicle |
SOPARFI Financial Holding Company |
Securitisation Vehicle & Fund | Fiduciary Contracts | SPF Family Wealth Management Company |
Life Insurance Contracts | ||
| Characteristics | ||||||||||||||
| Investible assets | Restricted to transferable securities | Unrestricted assets | Unrestricted assets | Investment in risk capital | Unrestricted assets | Unrestricted assets | Investible assets defined by IORP Directive | Holding a portfolio of investment assets | Securitised assets | Unrestricted | Unrestricted | Holding a portfolio of investment assets | ||
| Target investor & clients |
All investors | All investors | Professional investors | Professional investors | Professional investors | Professional investors | Employees | Natural and legal persons | Natural and legal persons | Natural and legal persons | HNWI | HNWI and legal persons | ||
| Cross-border passporting |
EU Passport | National rules | EU Passport (if AIFM) | EU Passport (if AIFM) | EU Passport (if AIFM) | EU Passport (if AIFM) | EU Passport via employer scheme | — | — | — | — | EU Passport to Provide Services | ||