Robert White is partner and markets leader at EY Luxembourg. Photo: EY Luxembourg

Robert White is partner and markets leader at EY Luxembourg. Photo: EY Luxembourg

The European Parliament voted to formally approve amendments to the European Long-Term Investment Fund (Eltif) regulation in February 2023. Following publication in the EU’s official journal, they entered into effect on 9 April. Delano talked about the impact of these changes with eight industry figures.

As part of this series, we asked Robert White, partner and markets leader at EY Luxembourg, about how Eltif 2.0 would impact Luxembourg, in particular regarding companies who provide fund services. White told Delano:

“Eltif 2.0 is tangible, demonstrable evidence that regulators have listened to the industry. It has actively sought to address limiting factors--such as eligibility of assets, leverage or access of investors--and is a step towards democratising the industry.”

White stated: “The Luxembourg ecosystem is very well set to cater for the industry. It has long been the domicile of choice for alternative investments, and, in particular, real assets. Looking at the track record that the country has in servicing real assets with an income focus--it’s absolutely stellar. I don't see any other jurisdiction that has that same suite of competencies. I’d expect that Luxembourg will become the domicile of choice for Eltifs for exactly that reason. Those attributes are directly applicable to the servicing of Eltifs.”

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