LPEA - Luxembourg Private Equity & Venture Capital Association’s Post

🏆 Ireland vs. Luxembourg in Private Market Leadership: Key Insights from the Funds Sector 2030 Report 🏦 In a move that underscores a strategic difference in the race for private market leadership, Ireland has chosen not to replicate Luxembourg's highly successful Reserved Alternative Investment Fund (Raif). The decision reflects the Irish government's focus on managing liquidity and valuation challenges, emphasising regulated funds like Ucits and Money Market Funds (MMFs) over less-supervised structures. While Luxembourg's Raifs and Special Limited Partnerships (SCSp) have propelled it to the forefront of Europe's private asset space—attracting nearly half of the continent's private capital—Ireland's latest review opts for what it calls a different strategy, focused on "regulated funds". That choice has sparked debate in Luxembourg, where fund industry representatives are pushing back against Ireland's characterisation of Raifs as "unsupervised." ALFI - Association of the Luxembourg Fund Industry CEO Serge Weyland highlighted that Raifs are indeed subject to oversight via AIFM fund managers, calling them "manager-regulated." He also noted that Ireland's own Irish Limited Partnership (ILP) bears similarities to Luxembourg's SCSp. And to be fair, Luxembourg, well aware of risks, has been proactive in addressing liquidity and valuation issues, launching various initiatives to set higher standards. As the two fund domiciles take somewhat different paths, the global private market continues to expand, with private capital AUM in Europe reaching 2.3 trillion dollars in 2022. 🔗 Read more on Investment Officer Luxembourg: https://lnkd.in/e5YRzKEs #PrivateMarkets #FundDomiciles #Luxembourg #Ireland #Investment #AIFM #Raif #PrivateEquity #FundManagement #FinanceNews #AssetManagement #ALFI #InvestmentOfficerLuxembourg #SCSp #ILP Jack Chambers Michael J. McGrath Luxembourg for Finance LPEA - Luxembourg Private Equity & Venture Capital Association Gilles Roth Department of Finance Ireland Irish Funds

As of today, 1 March 2024, the L-QIF - new type of investment fund reserved to qualified investors in Switzerland - will be available on the market. The introduction of the L-QIF is the opportunity for the asset management industry to offer new innovative products and strategies. Our article details the advantages and key differences with its Luxembourg cousin (RAIF) Any questions? reach out to us: Clara Morhange Patrick Fitzgerald Darko Stefanoski Christian Röthlin Silvia Devulder Sandor Frei #fundsmanagement #assetmanagement #switzerland #ey

🇱🇺 We asked nine experts about the strengths & weaknesses of #Luxembourg's #privatemarket funds sector at the moment. Here’s what Pauline Roux from AllianceBernstein had to say. https://lnkd.in/eKjUeuyZ

📊 From extending the global reach of UCITS as a multipurpose solution to broadening access to alternative investments: being at the forefront has often paid off for Luxembourg. The fund centre's success comes on the back of innovation, agility and a policy of short distances – both literally and metaphorically. The Dutch asset management industry, its neighbour and long-standing close partner, shows many similar characteristics. 💬 At this Roadshow to Amsterdam, our Private Equity & Real Estate Partner Rodrigo Delcourt will interview Jeff Rupp, Director of Public Affairs at INREV (the European Association for Investors in Non-Listed Real Estate Vehicles). They will discuss the latest legal and regulatory developments in the European and Luxembourg fund markets. 📅 Learn more about the event and meet our expert in attendance > https://lnkd.in/e5G7G39z | ALFI - Association of the Luxembourg Fund Industry 📊 Find out more about our Private Equity & Real Estate practice > https://bit.ly/ArendtPERE #Luxembourg #law #regulatory #EUlaw #investors #privateequity #realestate #AIFs #alternativefunds #alternativeinvestments #ALFIroadshow

https://lnkd.in/eNqriXct | The recently published Ireland Funds Sector 2030 Review outlines strategic recommendations to ensure Ireland remains a global leader in the funds and asset management industry. Key areas include regulatory updates, technological advancements, and improved taxation to foster growth and innovation. The Maples Group’s Funds & Investment Management Group, in particular our ETF and Private Asset teams and Tax practices, continue to be deeply engaged in this industry consultation process. Our team is well-positioned to provide expert advice on these latest developments and strategic recommendations outlined in this Review. #Funds #AssetManagement #Ireland #Innovation

“‘KKR, what is that, a delicatessen?’” Been doing a lot of reading on private markets and loved this long but informative piece by the Financial Times, on private markets and the Norway sovereign wealth fund's potential move into this space, along with some great anecdotes. This deli quote from the Barbarians at the Gate, referring to KKR’s original leveraged buyout in 1978, but the real juice in this article is questioning how effective private markets investments really are, after fees, adjusted returns, etc. “No one is really harmed by the fake smoothness of private markets, and at least the private equity industry can plausibly promise (if not guarantee) greater returns than public markets, even if it mostly boils down to leverage and some sectoral skews.” An interesting space right now, especially with the growing number of digital solutions for family offices looking to engage more directly and efficiently. Tune into the Simple private markets webinar tomorrow where we dive into this! https://lnkd.in/dR9H2xS8

#FundVehicles: Launching #Raifs as #subfunds is the new new thing in Luxembourg. Raifs - Reserved Alternative Investment Funds - have been one of the most successful alternative investment vehicles for #Luxembourg. Part of their appeal has been their utility in launching sub-funds to form an umbrella structure. This has led, according to data analysis by Investment Officer Luxembourg, to it becoming very popular to launch sub-funds under existing Raifs. Data analysis by Mike Gordon also shows that CARNE GLOBAL FINANCIAL SERVICES, Pictet Asset Management and Partners Group are the most active issuers using Luxembourg #AIF vehicles. #AIFs #Raif #CSSF Commission de Surveillance du Secteur Financier (CSSF) #LBR Luxembourg Business Registers https://lnkd.in/erGBXqVB

Investment Funds expert Oisin McClenaghan featured in Business Plus Magazine this week discussing how indirectly regulated funds could help build Ireland’s private equity market share. “An indirectly regulated funds regime should be given serious consideration. We would share the view of the Irish Funds Industry Association that there is a legitimate commercial reason for parties using unregulated structures, whether in Ireland or elsewhere," he said. Tomorrow, Ogier in Ireland will be bringing together leading industry experts, including Minister for Finance Jack Chambers, for an exciting discussion on the future of funds and capital markets in Ireland.   Join us to hear from Brian Corr, the Senior Corporate Finance Specialist at the Department of Finance, who headed up the Funds Sector 2030 review. Plus, we have an expert panel featuring voices from BlackRock in Ireland, the Irish Debt Securities Association and Ogier's Rachel Cropper-Mawer and jeff P. Find out more and register your place: https://lnkd.in/eWKMepv9 #Ireland #Funds #InvestmentFunds #CapitalMarkets #Ireland2030

📢 Ireland’s Funds & Asset Management Sector: The Next Chapter 📈 Ireland is eyeing new growth by introducing an indirectly regulated funds regime, a move seen as essential to keep pace with competitors like Luxembourg, the UK, and Switzerland. Oisin McClenaghan, Partner at Ogier, supports this approach, recognizing the commercial appeal for private asset investments. 🏦💼 This Thursday, at the Ogier seminar in Dublin, Minister Jack Chambers will deliver the keynote on ‘Ireland 2030: The Future of Funds and Capital Markets.’ Speakers, including experts from BlackRock and the Irish Debt Securities Association, will discuss Ireland’s path to staying competitive by embracing regulatory innovation and enhancing client service. 🇮🇪✨ With ILPs now more established and tax updates from Budget 2025, Ireland is poised for change—but adaptability will be key! #irishfunds #assetmanagment #regulations #growth