When a general-purpose professional fund is a master AIF, the rules governing investment holding, canvassing and marketing of the feeder AIF are those of the master AIF.
Unless otherwise stipulated, articles L. 214-33 to L. 214-85 apply to professional undertakings for collective real estate investment.
By way of derogation from article L. 214-55 and under the conditions laid down by the general regulations of the Autorité des marchés financiers, the buildings, real rights and rights held as lessee relating to leasing contracts concerning such property held directly or indirectly by the professional real estate investment trust and by the companies mentioned in 2° and 3° of I of article L. 214-36 are valued by a…
Subscription to and acquisition of units or shares in a professional real estate collective investment undertaking are reserved for professional clients as referred to in article L. 533-16 and for foreign investors belonging to an equivalent category under the law of the country in which their registered office is located. The General Regulation of the Autorité des marchés financiers sets the conditions under which the subscription and acquisition of units…
A professional real estate collective investment undertaking may, subject to the conditions and limits set by decree of the Conseil d’Etat, derogate from the limits set out in articles L. 214-37 to L. 214-41.
Unless otherwise stipulated, articles L. 214-24-24 to L. 214-24-27 and L. 214-24-29 to L. 214-26-2 shall apply to AIFs covered by this paragraph.
By way of derogation from Article L. 214-24-24, the formation, transformation, merger, split or liquidation of a fund declared under this paragraph shall not be subject to authorisation by the Autorité des marchés financiers, but shall be declared to it, within one month of their completion, under the conditions defined by its general regulations.
The investors referred to in Article L. 214-144 may invest in specialised professional funds referred to in Article L. 214-154 or professional private equity funds referred to in Article L. 214-159 which have received authorisation to use the name “EuSEF” pursuant to Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds, under conditions laid down by decree.
A specialised professional fund takes the form of a SICAV, a fonds commun de placement or a société en commandite simple. Depending on the case, it is called a “specialised professional investment company”, a “specialised professional investment fund” or a “partnership company”. The société de libre partenariat is subject to sub-paragraph 3 of this paragraph. By way of derogation from Articles L. 214-24-29, L. 214-24-34 and L. 214-24-55, a specialised…
Article L. 214-144 applies to specialised professional funds. The subscription and acquisition of units or shares may also be carried out by investors who are managers, employees or natural persons acting on behalf of the fund management company, as well as by the management company itself.
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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