An Alternative Investment Company (ASI) is one of the forms of an alternative investment fund (AFI) operating in Poland since 2016. This structure — which enables collective investment with tax advantages — was made possible through amendments to the Investment Funds Act. So, is an ASI considered an AFI? The answer is yes.
ASI and Its Classification as an AFI
Following the amendment to the Investment Funds Act (effective as of June 4, 2016) and related legislation, the Alternative Investment Company (ASI) was officially recognized as a form of alternative investment fund (AFI).
It is important to note that an ASI is not a separate organizational form. It may operate as a capital company, limited partnership, or joint-stock limited partnership.
According to the Investment Funds Act and the Act on the Management of Alternative Investment Funds, the core activity of an ASI is to collect assets from various investors and invest them in accordance with a defined investment policy, in the interest of those investors.
Methods of Asset Collection
One interesting aspect of ASI operations is the method of collecting assets from investors. This can be done, for example, by contributing capital to the company. In such cases, asset collection may include contributions from multiple partners to cover newly issued shares. Another method involves contributions from limited partners, which grant them rights and obligations within the company.
