The revised Alternative Investment Fund Managers Directive (AIFMD2) introduces new requirements for funds managed by EU-based alternative investment fund managers (AIFMs) that originate loans.

Most of the requirements apply to AIFMs that manage any fund that originates loans, even on an occasional basis. Additional and more stringent requirements apply to AIFMs who manage funds that originate loans (“loan-originating AIFs”) as their principal activity or investment strategy, i.e., a credit or debt fund.