Codrina Constantinescu
Counsel
Luxembourg
Codrina Constantinescu
Counsel
Luxembourg
Contact details
Codrina advises on general investment fund and regulatory matters. She has over ten years of extensive experience working in the alternative investment funds area. Codrina advises on the structuring, establishment, fundraising and on-going operations of all types of regulated and unregulated alternative investment funds, co-investment vehicles, SMAs and similar structures/arrangements while acting on behalf of fund sponsors (eg AIFMs and EUVECA managers).
Codrina also assists institutional investors in relation to their participation/investments in Luxembourg or foreign investment funds. Codrina is dealing with ESG aspects for asset managers and investment funds. Codrina has experience in advising in respect of matters pertaining to Luxembourg pension funds, including the establishment of ASSEPs and SEPCAVs as well as compartments thereof.
In 2015 and 2016, Codrina was seconded to Ardian and to Axa IM Real Assets, respectively, in Paris where she assisted on the structuring, launch and fundraising of infrastructure and real estate funds.
Codrina is qualified in Luxembourg, Paris and Bucharest. She joined Allen & Overy in 2020.
Qualifications
Professional
Admitted to the Luxembourg bar, 2019
Admitted to the Bucharest bar, 2008
Admitted to the Paris bar, 2011 (inactive)
Academic
LLM in Financial Law and Regulation, Queen Mary – University of London, 2011
Master 2, (LL.M. equivalent) in Business and Tax Law, University Paris 1 Panthéon-Sorbonne - HEC, 2008
Master 1, (LL.B. equivalent) in European Business Law, University Paris 1 Panthéon-Sorbonne – French College of European Studies, Bucharest, 2007
Bachelor in Law (LL.B. equivalent) - University of Bucharest, 2007
Related articles
Publications: 27 December 2023
ESMA finalises the draft RTS on ELTIFs
The ELTIF regime was revised earlier this year to address the low uptake of the product in the market. The amended ELTIF regulation will enter into force on 10 January 2024 but many asset managers…
Publications: 10 October 2023
Publications: 25 September 2023
SFDR Consultation and Review by European Commission – a first step towards SFDR 2.0
Publications: 13 September 2023
Experience highlights
Assisting a global financial institution with respect to the structuring and launch of a special situations debt fund
Assisting Compass with respect to the structuring launch of a debt platform investing in LatAm targets
Assisting EIF with respect to its investments in underlying PE/VC funds and the ongoing operation of funds that are advised by the EIF
Assisting Ferrero with respect to the set-up of a dedicated compartment within a Luxembourg pension fund organised as an ASSEP
Qualifications
Professional
Admitted to the Luxembourg bar, 2019
Admitted to the Bucharest bar, 2008
Admitted to the Paris bar, 2011 (inactive)
Academic
LLM in Financial Law and Regulation, Queen Mary – University of London, 2011
Master 2, (LL.M. equivalent) in Business and Tax Law, University Paris 1 Panthéon-Sorbonne - HEC, 2008
Master 1, (LL.B. equivalent) in European Business Law, University Paris 1 Panthéon-Sorbonne – French College of European Studies, Bucharest, 2007
Bachelor in Law (LL.B. equivalent) - University of Bucharest, 2007
Other noteworthy experience
Advising:
- Assisting various clients (such as Prime Capital, Starwood, Schroders and EIF) on ESG disclosures and compliance matters
- Assisting two large French managers with respect to the structuring, launch and fundraising of their flagship Private Equity funds
- Assisting two large US managers with respect to the structuring, launch and fundraising of their flagship Private Equity funds
- Assisting a large Nordics manager with respect to the structuring, launch and fundraising of their flagship Private Debt funds
- Assisting a large German Manager with respect to the set-up of a Luxembourg infrastructure debt platform
- Assisting a mid-size Swiss manager with respect to the structuring, launch and fundraising of four successive generations of Private Equity funds
- Assisting a multinational company with respect to the set-up of a multi-compartment pension fund and its operation
- Assisting several EU managers with the set-up and operation of their EUVECA entities and their EUVECA funds
- Assisting a French entity with respect to its investments in real estate funds operated by a large US manager
- Assisting a supranational entity with respect to its investments in various Private Equity(Venture Capital/Private Debt funds operating in the EU
Published Work
- The Impact of Covid-19 on Private Equity Funds and their Managers”, LPEA magazine (February 2021)
- Pre-contractual disclosure obligations”, AGEFI Luxembourg (March 2021)
