Lenz & Staehelin advises Investissements Fonciers on first L-QIF launch

Lenz & Staehelin has advised Investissements Fonciers SA, a historical Swiss fund management company, on the establishment and launch of its first Limited Qualified Investor Fund (L-QIF), La Foncière Urban Development L-QIF. The fund focuses on real estate investments in Switzerland.

Regulatory context

The L-QIF is a fund category introduced into the Swiss Collective Investment Schemes Act (CISA) with effect from March 1, 2024. Dedicated exclusively to qualified investors, the L-QIF is not subject to any authorization, approval, or supervision by the Swiss Financial Market Supervisory Authority (FINMA).

Lenz & Staehelin team

The Lenz & Staehelin team advising on the transaction included partner François Rayroux (pictured) and counsel Laurence Vogt Scholler.