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Codrina Constantinescu

Counsel

Luxembourg

Image of Codrina Constantinescu
Codrina Constantinescu

Counsel

Luxembourg

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.

Other Noteworthy Experience includes advising:

  • Enter content here Assisting various clients (such as JP Morgan, Prime Capital, Starwood, Schroders, 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

Experience highlights

Office

Luxembourg

Allen & Overy
5 Avenue John F. Kennedy, L-1855 
Luxembourg

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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

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)

News & insights

Tall buildings with traffic passing

Publications: 17 SEPTEMBER 2021

Great Fund Insights - New SFDR Principle Adverse Impacts (PAI) regime - key points

The most innovative and challenging aspect of the EU’s Sustainable Finance Disclosure Regulation (SFDR) is probably the new principal adverse impacts or PAI regime.

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News: 16 SEPTEMBER 2021

Allen & Overy advises Oesterreichische Kontrollbank on USD1.75 bn notes issue

Allen & Overy has advised Oesterreichische Kontrollbank on legal aspects of its issue of USD1.75 billion 0.500% guaranteed global notes due 2024. The notes are guaranteed by the Republic of Austria…

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Sustainable Finance Disclosure Regulation will apply from 10 March 2021

Publications: 12 FEBRUARY 2021

Sustainable Finance Disclosure Regulation will apply from 10 March 2021

On 10 March 2020, the ESG – Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) will start to apply. SFDR disclosures will be applicable both to financial products (e.g., alternative…

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ESMA guidelines in respect of performance fees in UCITS and certain types of AIFs

Publications: 11 NOVEMBER 2020

ESMA guidelines in respect of performance fees in UCITS and certain types of AIFs

On 3 April 2020, ESMA published its final report on guidelines regarding performance fees in UCITS and certain types of AIFs, including the guidelines, as appendix IV (the Report). On 5 November 2020…

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