Alternative investment funds (AIF) cover a wide range of different types of collective investments and include everything from “national securities funds” to real estate funds, private equity funds and hedge funds. Managers of alternative investment funds that manage funds with total capital under management that does not exceed certain thresholds are exempt from the license requirement, but must be registered in a register that is kept by the Financial Supervisory Authority of Norway. Frøya Ventures is now registered as such manager.