The Experienced Investor Fund
Experienced Investor Funds (EIFs) are the most popular fund type in Gibraltar for sophisticated and institutional investors.
They offer a high degree of flexibility and a streamlined setup process, benefiting from a post launch regulatory application process. This makes EIFs an attractive option for investors seeking greater autonomy in managing and structuring their investments.
Flexible and Efficient - Key Features of EIFs:
No Restriction on Asset Classes or Borrowing:
EIFs can invest in a wide range of assets, providing flexibility in investment strategies.
Opt-Out of Full AIFMD Requirements:
EIFs can opt out of certain requirements of the Alternative Investment Fund Managers Directive (AIFMD), allowing for greater flexibility and reduced regulatory burden.
No Maximum Fund Size:
There are no restrictions on the maximum size of an EIF, making them suitable for both small and large investment projects.
Quick Setup:
The approval process for EIFs is efficient, allowing funds to be established and operational in a short timeframe.
Suitable Investors:
EIFs are designed for experienced investors who are a person or body who, at the time of the investment, falls into one of the following categories
(1.) a person or partnership whose ordinary business or professional activity includes (or it is reasonable to expect that it includes) acquiring, underwriting, managing, holding or disposing of investments, whether as principal or agent, or the giving of advice concerning investments;
(2.) a body corporate which has net assets of more than €1 million or which is part of a group which has net assets of more than €1 million;
(3.) an unincorporated association which has net assets of more than €1 million;
(4.) the trustee of a trust where the aggregate value of the cash and investments which form part of the trust’s assets is more than €1 million;
(5.) an individual whose net worth, or joint net worth with the individual’s spouse, is more than €1 million, excluding the individual’s pension fund assets and principal place of residence;
(6.) a participant who invests, or in aggregate has investments of, at least €100,000 in one or more experienced investor funds and–
(i) is a certified high net worth investor, certified sophisticated investor or self[1]certified sophisticated investor; or
(ii) does so on the basis of solicited advice;
(7.) a participant who invests at least €50,000 in an experienced investor fund where–
(i) the participant was advised by a professional adviser to invest in an experienced investor fund; and
(ii) the experienced investor fund in which the investment is made receives confirmation of such advice;
(8.) a participant who is a professional client, as defined in the Financial Services (Investment Services) Regulations 2020; or
(9.) a participant in a fund that has re-domiciled to Gibraltar where the GFSC has permitted the inclusion of such participant either in respect of a specific experienced investor fund or generally in respect of experienced investor funds or a category of such funds from a certain jurisdiction.