As part of this , we asked nine figures in Luxembourg’s financial industry about the strengths and weaknesses of the grand duchy’s private market funds sector. Chris Adams, principal and head of business development for alternative funds at Brown Brothers Harriman, told Paperjam:

“We believe that one of Luxembourg’s greatest strengths is the regulatory environment governing the private markets fund sector. We see it as the foundation of the industry’s success, providing opportunities for managers, investors and service providers alike.”

“It’s true that Luxembourg is not a low-cost location, but the bigger challenge, and one that is not unique to Luxembourg, is the competition for talent. Our industry requires specialist expertise, which means there is a lot of demand for strong candidates with the right skill sets. Whilst great strides have been made in recent years, it is critical that we strive to maintain and build on Luxembourg’s position as an attractive location in which to live and work.”

This article first appeared in the October 2024  on the private markets & fund ecosystem.