Caceis and Citco, along with Alter Domus and Aztec Group, dominated the list of largest Luxembourg private market fund service providers produced by Monterey Insight. The law firm Arendt & Medernach and statutory auditor PWC topped their categories.

Monterey Insight, known for publishing its annual service provider rankings, . The research and data firm provided Paperjam with breakout rankings solely within the private market fund universe.

The top 4 Luxembourg administrators for private asset funds were Alter Domus, Citco, Caceis and Aztec Group, although the rankings vary slightly if comparing by total net assets or by number of sub-funds.

Caceis topped the custodian/depositary bank category, with Citco taking second placed based on total net assets and BNP Paribas taking second place based on number of sub-funds.

Alter Domus led in the transfer agent field, with Citco and Caceis taking second or third place based on total net assets or number of sub-funds.

PWC was the largest Luxembourg provider of audit services to private market funds, followed by EY.

Arendt & Medernach was the top legal advisor in the segment, with Loyens & Loeff and Elvinger Hoss Prussen taking the second or third slot based on total net assets or number of sub-funds.

This article originally appeared in the October 2024 on private market funds and Luxembourg’s fund ecosystem