There are four new names to represent the voice of private equity. The board of directors of the 30-member Luxembourg Private Equity & Venture Capital Association (LPEA) puts ten positions up for election each year for a three-year term.
Advent International, represented by Martine Kerschenmeyer, Blackstone, represented by Tudor Sambritchi, EQT, represented by Peter Veldman, and Vodouhe Wendel, represented by Claude de Raismes, are joining the board.
Also re-elected are Astorg Asset Management, represented by Hind El Gaidi, BC Partners, represented by Giuliano Bidoli, CVC Advisers (Luxembourg), represented by Caroline Goergen, European Investment Fund, represented by Marcel Müller-Marbach, Mangrove Capital Partners, represented by Hans-Jürgen Schmitz and The Carlyle Group (Luxembourg) S.à r.l., represented by Estelle Beyl.
They join 3i Luxembourg (Aline Bapst), Apollo Global Management (Fabrice Jeusette), Cinven (Gautier Laurent), Expon Capital (Alain Rodermann), Investindustrial (Eckart Vogler), Luxempart (Olaf Kordes), Threestones Capital Management (Mathieu Perfetti), SwanCap Investment Management (Claus Mansfeldt) and Allen & Overy (Patrick Mischo), Arendt & Medernach (Adrian Aldinger), Banque de Luxembourg (Lucienne Andring), Clifford Chance (Katia Gauzes), Deloitte (Nick Tabone), Elvinger Hoss Prussen (Jeffrey Kolbet), Edmond de Rothschild AM (Serge Weyland), EY Luxembourg (Laurent Capolaghi), KPMG (Mickael Tabart), Linklaters (Nicolas Gauzes), PwC (Valerie Tixier) and TMF (Marco Cipolla).
Comparing the new board with the old one, which was still online on the association's website at noon on 15 June, Norbert Becker Family Office (Rajaa Mekouar), Quintet Private Bank (Stephane Ries), Apex (Pierre Weimerskirch) and Sofina Luxembourg (Stephanie Delperdange) are the outgoing members.
+28% increase in membership
The LPEA had 413 members at 31 December 2022, an increase of 28% in one year. Its revenues reached €1.310m, compared with €1.106m in 2021. Its costs, meanwhile, rose by 987,000 to €1.094m. Earnings rose from €119,000 to €216,000, “significantly boosted by the increase in the number of members” (€820,000 in revenues), which will enable it to “continue to expand its activities and the promotion of the Luxembourg PE-VC industry abroad.”
For CEO , the association’s growth “reflects the resilience of the sector.” Chairman adds that “the total value of deals completed in 2022 far exceeded pre-pandemic levels. In fact, 2022 was the second busiest year in the previous decade.”
This story was first published in French on . It has been translated and edited for Delano.