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. Pierre Festal, partner at the VC firm Promus Ventures, told Paperjam:
“The country’s expertise in fund structuring and access to EU-wide capital markets, coupled with institutional support and government initiatives, is Luxembourg’s forte. We also benefit from a robust regulatory framework and a well-established financial services ecosystem, fostering transparency and collaboration among players.”
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“While Luxembourg has made strides in cultivating a thriving financial ecosystem, the depth of local innovation in deep-tech sectors is still developing. With the proper focus on nurturing local innovation and expanding talent resources, I trust Luxembourg to overcome this challenge and position itself among the leading tech hubs in Europe.”
This article first appeared in the October 2024 on the private markets & fund ecosystem.