private equity investment

The cold, wet, and miserable weather does nothing to dampen Jason ‘IPO’ Lee’s spirits as he arrives at Findel after a grueling journey from Hong Kong. He has chosen Luxembourg as a launchpad for the European arm of his AI fund.

Luxempart, a Luxembourg-listed investment and private equity company, has posted a consolidated net loss of 55.4 million euro for the first half as its investment income was hit by “extremely choppy” conditions in financial markets and the economy.

The loss compares to a profit of 499 million euros in the same period a year earlier. The firm said it maintained its net assets at 2.078 billion euros by the end of June, down slightly from from 2.169 billion a year earlier.

ABN Amro is broadening the options for clients who want to invest in private equity. For the first time, the bank is offering a basket of private equity managers, in addition to the already existing single manager funds. Meanwhile, the bank is getting ready for the next step: private markets as a structural part of the strategic asset allocation.