A Qualifying Investor Alternative Investment Fund (QIAIF) is an alternative investment fund regulated in Ireland ideal for investors who have at least €100,000 to invest.
QIAIFs were introduced in July 2013 to meet the requirements of the Alternative Investment Fund Managers’ Directive (AIFMD) and to act as successor to the very popular Qualifying Investor Fund (QIF) structure. QIAIFs are proving to be hugely successful offering a tried and tested solution to the requirements of AIFMD.
For a start QIAIFs are not subject to any borrowing restrictions or leverage requirements and in most cases diversification requirements do not apply. And where the fund has an EU alternative investment fund manager (AIFM), this AIFM can avail of the AIFMD passport to market and distribute the QIAIF across the European Union.
With virtually unlimited flexibility in its investment strategy and the support of a robust Irish regulatory framework, QIAIFs are a suitable structure for a range of funds including: