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. Marie-Laure Mounguia, partner in private equity & private debt at EY Luxembourg, told Paperjam:
“Who would have bet 20 years ago that the Sicar Law [investment company in risk capital] would be a turning point in the private funds industry. Since then, from Raifs [reserved alternative investment funds] to limited partnerships, Luxembourg has shown its ability to adjust to its changing environment. It has established itself as the second largest funds’ platform in the world without selling its soul, thanks to a delicate balance between pragmatism and responsible governance, at the international and local levels.”
“The emergence of sustainability is a fantastic opportunity for Luxembourg. Benefiting from the existing traction of the Luxembourg Green Exchange, the grand duchy has a unique chance to also become the leader on green private debt funds and doing so, to be the European pole of attraction for the emerging talents of sustainable finance.”
This article first appeared in the October 2024 on the private markets & fund ecosystem.