Markets

“We believe VC exits are now feeling the consequences of tightening monetary policy, seeing their valuations fall over the past year,” say Navina Rajan (left), senior analyst, and Nicolas Moura (right), analyst, EMEA private capital, in Pitchbook’s latest report. Photos: Provided by Pitchbook; Montage: Maison Moderne

European VC exit activity at decade low: Pitchbook

The European Venture Capital landscape not only witnessed exit valuations dip drastically in Q2 2023, but overall exit activity also plummeted to a decade low. This trend signals growing apprehensions within the VC community and emphasises the need to reassess future exit strategies in light of the evolving market conditions, says Pitchbook’s latest report.

Kangkan Halder • 15.08.2023

The feeling about future mortgage rates improved between May and June, though only slightly. Photo: Matic Zorman / Maison Moderne

Survey: consumers foresee a 5% mortgage rate in 12 months

Delano.lu • 11.08.2023

Percy Golergant will take up the role of executive director for Luxembourg. Photo: Monex Europe

Percy Golergant named Monex Europe’s executive director

Delano.lu • 09.08.2023

“Effective immediately, we are no longer publishing new ESG credit indicators in our reports or updating outstanding ESG credit indicators,” announced S&P Global Ratings in a surprise move. Photo: Shutterstock

S&P Global ends ESG credit ratings with immediate effect

Kangkan Halder • 08.08.2023

“We have defined ambitious objectives,” says LuxSE CEO Julie Becker in the CSR report, “but we will continue to innovate and invest to progress towards our three sustainability objectives.” Photo: Mike Zenari / Maison Moderne archives

FINANCE & LEGAL

LuxSE achieves 20% drop in emissions

Delano.lu • 04.08.2023

The global economic situation remains positive, says economist Guy Wagner. Photo: Matic Zorman / Maison Moderne archives

Guy Wagner: “Global economic growth remains positive”

Delano.lu • 03.08.2023

“In July, households revised downwards their expectations for the general economic situation in Luxembourg,” says Luxembourg’s central bank. Photo: Christophe Lemaire / Maison Moderne archives

Luxembourg households stay pessimistic about economy

Delano.lu • 02.08.2023

Samy Chaar, Banque Lombard Odier’s chief economist, noted that Lombard Odier has not observed an “enthusiasm” to consume excess savings in China, following the reopening of its economy. Photo: Provided by Lombard Odier

“Real need to support demand” in China, says economist

Lydia Linna • 29.07.2023

38% of the strategists surveyed by Natixis think central bank inflation targets won’t be met until 2025, said a poll published on 24 July. Photo: Shutterstock

Natixis survey: 69% say inflation is high or moderate risk in H2

Lydia Linna • 28.07.2023

State Street’s offices in Luxembourg are located in Kirchberg. Archive photo: Mike Zenari

State Street to service abrdn’s first active ETF in Europe

Lydia Linna • 27.07.2023

After an increase to risk-seeking territory in June 2023, State Street’s European investor confidence index dropped below 100 for the month of July. Photos: Shutterstock. Montage: Maison Moderne

Global investor confidence up a bit, European index drops

Lydia Linna • 26.07.2023

On 20 July 2023, the CCSF, Luxembourg’s financial regulator, announced that it had imposed an administrative penalty of €45,000 on the entity Gazprom Capital LLC on 11 May 2023. Library photo: Romain Gamba/Maison Moderne

CSSF levies €45,000 penalty on Gazprom Capital LLC for “non-compliance”

Lydia Linna • 21.07.2023

Here’s how to recover your assets, via the Luxembourg investor compensation scheme, in the event of a liquidation. Photos: Maison Moderne/Archives. Collage: Maison Moderne

Fuchs liquidation: update on the compensation system

Mathilde Obert • 21.07.2023

“VC deal activity in Luxembourg remains muted so far this year, but sequentially showed some rebound in Q2,” said Navina Rajan, senior analyst, EMEA private capital at Pitchbook. Photos: Shutterstock; provided by Pitchbook. Montage: Maison Moderne

Luxembourg VC deal value at €94.8m for H1 2023: Pitchbook report

Lydia Linna • 20.07.2023

European long-term investment funds (Eltif) are meant to channel capital towards long-term investments in real assets--such as energy and transport infrastructure--and in the real economy. Photo: Shutterstock

Goldman Sachs Asset Management’s first Eltif brings in $200m

Lydia Linna • 20.07.2023

The CSSF’s €30,000 fine on Fab Cbo 2003-I B.V., announced on 18 July 2023, follows an administrative fine of €15,000 imposed on 3 August 2022. Archive photo: Romain Gamba / Maison Moderne

CSSF imposes €30,000 fine on Fab Cbo 2003-I B.V.

Lydia Linna • 19.07.2023