Alfi

Luxembourg’s private debt market has been flourishing. But products that can pose systemic risks, difficulties with valuation, and potential misunderstandings of the risks involved in the market are issues lurking in the shadows.

At ALFI’s private assets conference in Kirchberg, policymakers and asset managers championed private markets as vital for Europe’s growth and as a bridge for retail investors through ELTIFs. Yet speakers also warned that education gaps, transparency issues, and regulatory hurdles could constrain the sector’s ambitions.

Henk van Eldik has lived and worked in Luxembourg for decades. As an expert on the funds industry, he sees how the Grand Duchy continues to evolve as an innovative European investment center.

Luxembourg, long seen as the administrative engine of Europe’s fund industry, has evolved into a strategic global hub, with U.S. asset managers leading the charge. Firms like Blackrock, Invesco, and JPMorgan are anchoring cross-border operations in the Grand Duchy, turning it into a launchpad for global growth and highlighting America’s dominant role in shaping Europe’s financial future.

This week’s overview of people transfers and appointments includes updates from Mirabaud, Alfi, Carmignac and River Global.

This week’s overview of appointments and people transfers includes updates from European fund and asset management association Efama, EY Luxembourg, LuxReal, and Sygnum Bank.

This week’s overview of people transfers and appointments includes updates from Schroders, Amundi, IBS Capital Allies, Partners Group, and Luxembourg industry associations Alfi and LPEA.

ESMA has asked the European Commission to clarify Eltif 2.0 implementation rules, as inconsistent supervision across member states risks delaying investor access to semi-liquid private market funds.

Luxembourg, which hosts more than a quarter of all assets held in European investment funds, has raised a red flag over fresh European Commission plans to create a single supervisor for financial services.

The Luxembourg private debt market has reached a new milestone, surpassing 500 billion dollars in assets under management (AuM) according to the 2024 Private Debt Fund Survey, published by KPMG in collaboration with the Association of the Luxembourg Fund Industry (ALFI). The survey reveals a 21.5 percent growth in AuM, reaching 510 billion dollars, continuing its strong upward trajectory despite global market turbulence.