"Alternative Investment Fund" (AIF) is a legal and financial classification for a collective investment scheme that is not a UCITS (Undertakings for Collective Investment in Transferable Securities) fund. AIFs are regulated under frameworks like the AIFMD (Alternative Investment Fund Managers Directive) in Europe. Their primary business is to raise capital from professional and institutional investors to pursue a wide range of investment strategies in alternative assets, including private equity, venture capital, hedge funds, real estate, infrastructure, and private credit. The mission of any specific AIF is to generate returns for its investors based on its stated strategy, which is managed by a separate entity known as an Alternative Investment Fund Manager (AIFM).

Founded in

United States