What is a Specialised Investment Fund (SIF)?

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A SIF pools capital from qualified investors to invest in a wide range of assets—equities, bonds, real estate, private equity, hedge funds, and even alternative assets like infrastructure or commodities.

SIFs are known for their flexibility and broad investment scope, which allows fund managers to tailor investment strategies according to investors’ objectives and risk appetite.

They are typically regulated in jurisdictions like Luxembourg, which is a global hub for SIFs, and are popular among institutional investors, high-net-worth individuals (HNIs), and family offices.

Structure of a SIF

A SIF can be set up in various legal forms depending on investor needs and management preferences, such as:

• Investment company with variable capital (SICAV)
  
• Investment company with fixed capital (SICAF)
  
• Common fund (FCP)

It can also operate as a stand-alone fund or an umbrella structure with multiple sub-funds, each having its own investment strategy and risk profile.

Read More : Who Can Invest in a SIF?