This Illustrative Annual Report for SICAR in accordance with Luxembourg GAAP is part of our Private Equity MOOK (magazine + book).
The SICAR structure continues to attract interest as a fund vehicle for investments in private equity, venture capital and mezzanine debt.
Regulatory initiatives such as AIFMD have brought additional reporting requirements and, with increasing demands for transparency from both regulators and investors, financial reporting has become a quality differentiator. While Luxembourg GAAP provides for some flexibility, it is essential to get the balance right between compliance and transparency.
This illustrative annual report is based on observations from the SICAR landscape (PDF, 5,2MB) and we have included a number of references to laws and regulations to make it a practical tool.