Starting signal for a new Eltif era
Martin Groos unpacks the journey of the European Long-Term Investment Fund (Eltif) since its promising launch in 2015, and explores whether recent reforms under “Eltif 2.0” will finally deliver success.
Fout
As the shift towards passive investing continues to reshape the asset management industry, active managers are exploring new strategies and product formats to maintain their edge. In an interview, Joseph Pinto, CEO of M&G Investments, outlined how the UK-based firm is adapting to the changing landscape.
Active manager M&G seeks new paths to compete with passive
As the shift towards passive investing continues to reshape the asset management industry, active managers are exploring new strategies and product formats to maintain their edge. In an interview, Joseph Pinto, CEO of M&G Investments, outlined how the UK-based firm is adapting to the changing landscape.
Ireland adopts cautious stance on competing with Luxembourg
Ireland’s decision not to introduce its own version of Luxembourg’s highly successful Reserved Alternative Investment Fund (Raif) signals a cautious approach in the global race for private market leadership and reflects concerns over potential problems with liquidity and valuations in this market.
It is hard to raise capital in Luxembourg
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.
Luxembourg has high hopes for supercycle in private markets
The annual Luxembourg Private Equity Association (LPEA) Insights Conference drew over 1,000 professionals to the Grand Duchy this year, underscoring the nation’s status as the largest global private markets hub outside the United States.
Evergreen funds offer flexibility - but at what cost?
Plans to increase Europe’s capital markets capacity hinge on giving retail investors access to private assets, but liquidity remains a sticking point. Evergreen funds, designed to offer investors some liquidity in otherwise illiquid assets, are being touted as a solution.
LuxSE exploring ways to create public listing for Eltif funds
The Luxembourg Stock Exchange is exploring ways to create public listings of European Long-Term Investment Funds, private market vehicles that for now are the exclusive domain of high-net worth individuals. A senior official said the bourse, also known as LuxSE, sees a particular role for itself when it comes to enhancing the exit opportunities.
NAV errors: Tighter control, clearer guidance seek to improve fund valuations
Luxembourg’s financial watchdog, the CSSF, has made important changes to its rules for valuations of investment funds, the first in two decades. While many things stay the same, some key updates—like lowering limits for money market funds and adding new checks before making investment decisions—are aimed at tightening control and providing clearer guidance.
Euroclear expands private market reach with Blackrock deal
Euroclear, the Brussels-based securities custodian and settlement giant, has taken a significant step forward in the private markets space by securing a partnership with BlackRock, the world’s largest asset manager.