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M&G sees Eltif 2.0 opening up new era for private credit

The European Long-Term Investment Fund (Eltif) regulation, initially introduced in 2015, has been revamped to Eltif 2.0, entering into effect in January 2024. This revised regulation is poised to significantly influence the landscape of private credit investment in Europe, according to Michael George, lead portfolio manager of M&G’s Corporate Credit Opportunities Eltif Fund.

Transfer Thursday: Waystone, Apex, Blackstone

This week’s overview of transfers, appointments, promotions and other people news includes updates from Waystone, Apex and Blackstone.

Alexandra Serban-Liebsch 

Alexandra Serban-Liebsch (photo) has been appointed as the new head of business operations for Waystone Continental Europe, based in Luxembourg.

Alter Domus valued at €4.9 bln as Cinven takes majority stake

Luxembourg-based Alter Domus, one of the world’s biggest asset services firms, has secured a new strategic investment from London-based private equity firm Cinven. Alter Domus said the transaction will increase its value to 4.9 billion euros, which indicates that Cinven agreed to pay the firm’s existing shareholders - its founders and Permira - more than half of that amount. 

MSCI: Gender diversity in corporate boards decelerating

In the latest report from MSCI ESG Research, a nuanced picture emerges on the state of gender diversity within corporate boards. Despite a marginal uptick in the percentage of women directors, concerns loom over the slowing pace of change, according to the annual Women on Boards and Beyond report.

Morningstar lists 12 funds for Luxembourg excellence award

Morningstar has announced the finalists for the 2024 Morningstar Awards for Investing Excellence Luxembourg. Twelve funds are nominated for a Morningstar Category Award, and six asset managers are shortlisted for a Morningstar Asset Manager Award.

The awards recognise those funds and asset managers that have served investors well over the long term and which Morningstar’s Manager Research team believes will be able to deliver competitive risk-adjusted returns over time.