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. Claire Gerault, managing director at Blackstone, told Paperjam:
“Blackstone and its affiliates have been in Luxembourg since 2002, in that time we’ve seen it evolve into an international hub for alternative investment funds, and solidify its position as a leading destination for private markets. Its strong regulatory and business landscape has long attracted asset managers, and the introduction of innovative products such as Raifs [reserved alternative investment funds] and Eltifs [European long-term investment funds] has only reinforced its appeal.”
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“Luxembourg particularly stands out thanks to its versatile fund structuring toolbox, such as SCSPs [special limited partnerships] and UCIs Part II, and the CSSF’s adoption of new European products like Eltif, demonstrating its adaptability and readiness to embrace new opportunities. The country maintains a competitive advantage through its strong support system ranging from niche to big-name providers, and investors will remain committed to the country.”
This article first appeared in the October 2024 on the private markets & fund ecosystem.