Professional investor fund

A Professional Investor Fund is a type of fund for investment fund regulation in Malta licensed by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Chapter 370 of the Laws of Malta) for promotion to Qualifying Investors. It is not a legal entity type of itself, so will not generally be mentioned in netting opinions and so on. Most PIFs will be collective investment schemes organised as an investment company with variable share capital, and will therefore count as a SICAV under Maltese law.