La Française IC2 is a closed investment fund established and regulated in Luxembourg.
The Fund’s predecessor, La Française IC Fund, launched in 2009, currently funds about USD 70 million of costs in respect of claims in excess of USD 1 billion.
The Fund and its Investment Manager – La Française International – are regulated and operate in accordance with Luxembourg’s regulation on Alternative Investment Funds. The Investment Manager is a subsidiary of Crédit Mutuel Nord Europe, one of France’s foremost financial institutions.
The Fund relies on Paris-based La Française International Claims Collection (the Adviser) to spot, assess and recommend investment opportunities for the Fund, and to monitor its investment portfolio. The Adviser’s team of experts in international litigation and enforcement procedures have more than 50 years of relevant cumulative professional experience. Their managers are also administrators of the Fund.La Française IC2 is a closed investment fund established and regulated in Luxembourg.
The ensurance of financial stability and reliability
The Fund’s financial strength is ensured by the stringent legal, corporate and regulatory environment in which it operates, as the following constraints illustrate:
– as a Luxembourg specialized investment fund (SIF) and Alternative Investment Fund (AIF) established under EU Directive 2011/61/EU, La Française IC2 is subject to the authority of the Luxembourg investment services watchdog, namely the Commission de Surveillance des Services Financiers (CSSF);
– the Fund’s Investment Manager is a Luxembourg-registered Alternative Investment Fund Manager (AIFM), subject to the supervision of the CSSF;
– the Fund’s Investment Manager and its shareholder – Crédit Mutuel Nord Europe – are each subject to internal as well as external mandatory regulations;
– the Adviser’s shareholders – Groupe La Française and ACOFI – are regulated by the French Autorité des Marchés Financiers (AMF); and
– the ultimate parent company of the Fund’s Investment Manager is Crédit Mutuel Nord Europe, which is regulated by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR).