"Etienne will bring a wealth of experience in the field of international venture capital to our company. In his various political roles, he has been one of the main drivers for the development of the start-up industry. We are happy to have him on board to support us with his international network,” said Hengesch.

, will join (Banque générale, ABBL, CSSF, Fondation de Luxembourg), Jessica Holzbach (co-founder of Penta), Tom Loesch (International Bar Association, LPEA and ILA) and Klaus Ulrich on the advisory board.

"IVC is a fast-growing private equity company, unique in Luxembourg, founded by Luxembourgers. I am excited to be part of this dynamic team and to contribute to the development of the company in the future," said Schneider.

I am excited to be part of this dynamic team and to contribute to the development of the company in the future.

Etienne Schneider, Former minister of the economy

An economist by training (ICHEC, Brussels, and Greenwich University, London), the former minister is also a member of the boards of ArcelorMittal and LuxTP, a member of the supervisory board of Mikro Capital and a member of the advisory board of the spaceressources.lu initiative, which he initiated.

As a long-term investor, Ilavska Vuillermoz Capital has about twenty holdings, mainly in fintechs, such as the German neobank N26, Solaris Bank, Investify or Qonto, or in start-ups such as HeimKapital (in real estate) or Ametrine (military camouflage equipment).

This story was first published in French on Paperjam. It has been translated and edited for Delano.