A total of 56 new Reserved Alternative Investment Funds, or Raifs, were registered in Luxembourg during November, indicating that the market for these alternative investments is not slowing down after all, according to data released by Luxembourg Business Register.
Luxembourg Raif market back on track to beat 2021 record
Infrastructure funds adapt to changing circumstances
Infrastructure investing has looked like a very good business in recent years. Initially, interest in infrastructure was due to its role as a long-term, inflation-resistant
Continuation funds bring alternative option for PE exits
Typically, when a private equity fund approaches its contractual culmination point, it will seek to sell its assets, but this may not be possible or desirable at that moment. Establishing a continuation fund is an alternative, Laurent Capolaghi, partner and private equity leader at EY Luxembourg, explained in this Q&A. One third of the top 50 PE houses are considering this alternative option, he estimates.
Digital platforms embrace private assets enthusiasm
The spread of web-based platforms has reached into the rarefied atmosphere of private equity, which has historically been paper-based and face-to-face in-person meeting with one’s investment adviser. This is taking place against an industry-wide drive to “democratise” the private assets world, in order to sate huge desire to invest, but also to address the equity issues raised in relation to significant barriers to access, Alfi's Private Assets Conference made clear this week.
Net-zero: ‘Private asset managers are privileged’
When it comes to enhancing the economic value chain in terms of sustainability, net-zero and financing the energy transition, the private assets sector is well
Luxembourg real estate fund assets up 26% vs year ago
Real Estate Investment Funds, or Reifs, in Luxembourg saw total assets climb by 26 percent in the year running up to the end of the
‘There are capital calls that have not been met’
The exact impact on private asset values of this year’s declines on global stock and bond markets has yet to be determined, but already some family offices are concerned about the shifts in their portfolios. “There are capital calls that have not been met,” a UBS banker told the Alfi conference on Tuesday.
Lacklustre mood hits private markets at year-end
Fresh registrations for alternative investment funds in Luxembourg, considered the top European hub for private investments, this month are at their lowest monthly level in nearly six years. Regulatory changes as well as market conditions are cited as a reason for the slowdown. Some issuers have decided to wait for the new year to avoid regulatory reporting in 2022.
Amid high hopes, key Eltif issues remain to be resolved
Outlines of reform proposals for European long-term investment funds (Eltif), agreed by EU policy-makers last month, have been hailed as major positive step forward by some in the industry. More quietly, though, others suggest the fundamental contradictions at the heart of the vehicle have yet to be resolved.
Funds to escape Luxembourg tax avoidance rule ‘overkill’
Luxembourg’s government is proposing to simplify the corporate income tax process for investment funds which have overseas investors or subsidiaries by reducing their risk of being subjected to full Luxembourg anti-tax avoidance corporation tax. The changes to the “reverse hybrid rule” seek to remove doubt from how to deal with tax exempt entities.