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LPEA Roadshow in London (23/05/2017)

LPEA Roadshow in London (23/05/2017)

In the context of the ALFI London Conference


Luxembourg is well known for its solid financial centre which success is founded on the social and political stability of the Grand Duchy and on a modern legal and regulatory framework that is continuously updated.

Over the years, specific regulatory frameworks have been created for alternative investment funds and venture capital investment funds which, combined with Luxembourg’s openness to the world, has attracted many private equity firms and specialist service providers from all over the world.

LPEA, toghether with ALFI and in the context of the ALFI London Conference, is hosting this roadshow to present the country and the conditions which have already attracted some of the major international PE firms to set office in Luxembourg. We expect you to learn first-hand testimonials from some of our players as well as from the service providers who, together with the investors, build a strong and reliable ecosystem.

Private Equity Workshop

Afternoon Workshop of the ALFI London Conference
2.15 p.m.
Welcome by Giuliano Bidoli, Partner, KPMG (workshop animator)
Private Equity in Luxembourg today by Jérôme Wittamer, President of LPEA and Managing Partner of Expon Capital

2.25 p.m. Adapting to PE’s changing world: a manager’s view
·Andrew Devine, Head of Compliance, BC Partners
·Jérôme Wigny, Partner, Elvinger Hoss Prussen

2.40 p.m. Structuring and investment vehicles available in Luxembourg
Jérôme Wigny, Partner, Elvinger Hoss Prussen
Diala Minott, Partner, Corporate Department – London, Paul Hastings LLP

2.55 p.m. Doing business in Luxembourg: a runway for growth for alternative asset managers
Martin Eckel, Head of Legal Luxembourg, Oaktree
Peter Myners, Partner, Allen & Overy

3.10 p.m. Changing investors’ perspectives
Stephen Roberts, Business Dev. Director, Lemanik (moderator)
Helena Quinn, Private Equity Leader, SGG Group
Sunaina Sinha, Managing Partner, Cebile Capital
Ted Craig, Partner, MJ Hudson

3.30 p.m. Luxembourg and the future of PE – Interactive Q&A
Olivier Coekelbergs, Partner, Private Equity Leader, Ernst & Young

3.45 p.m. Closing



Photos



LPEA Roadshow Sponsors


 

Meet us at the Westminster Central Hall

Storey’s Gate, Westminster
London SW1H 9NH


Luxembourg Fund Centre – Seminar & Cocktail in New York (5 Oct. 2016)

Luxembourg Fund Centre – Seminar & Cocktail Reception in New York (5 October 2016)

Welcome speech by Luxembourg Minister of Finance H. E. Pierre Gramegna



LUXEMBOURG

Stable, reliable and ready to suport your growth

In a low interest rate and volatile market combined with political change in the UK and elsewhere, Asset Managers need long term solutions to serve investor needs.

The Luxembourg fund industry continues to innovate and evolve in an stable, predictable and attractive environment.

Come and hear how we can support your growth.





LPEA returned to New York for a presentation featuring the existing structures and competitive advantages of Luxembourg for US Private Equity and Venture Capital funds willing to create and manage funds in Europe.

On this occasion, LPEA was present together with ALFI, the Luxembourg Investment Funds Association and the Luxembourg for Finance agency in collaboration with Luxembourg’s General Consulate in New York. Luxembourg’s Minister of Finance H.E. Pierre Gramegna opened the session and welcomed participants in the cocktail that followed the event.

Despite the wider scope of the session, a considerable part related to Luxembourg Alternatives and, in particular, to Private Equity with the following key topics:

The Luxembourg tool box: legal and tax frameworks update and trends

AIFMD & Distribution in Europe

Third-party AIFMs

The new Reserved Alternative Investment Fund

Special Limited Partnership

Brexit

Interview with guest GP

Pictures of the event



Agenda


3.30 pm   Registration & refreshments

4.15 pm    Message from the Luxembourg Government
H.E. Pierre Gramegna, Minister of Finance, Luxembourg

4.35 pm   Setting the scene
Denise Voss, Chairman, Association of the Luxembourg Fund Industry (ALFI)

4.50 pm   Roving Interview session

The Brexit challenge / Luxembourg’s toolkit, fit for growth / The market opportunity hasn’t
gone away / Distribution still the key / Products today & for the future – RAIF, Debt Funds,
LPs / An innovative ecosystem

Moderator: Steven Libby, Partner, PwC, Luxembourg
Contributors:
Sandrine Leclercq, Director- Advisory & Consulting in Regulatory, Deloitte, Luxembourg
Florence Stainier, Partner, Arendt & Medernach, Luxembourg
Rafael Aguilera, Executive Director, EY, Luxembourg
Hermann Beythan, Partner, Linklaters LLP, Luxembourg
Giuliano Bidoli, Tax Partner, KPMG, Luxembourg
Cesar Estrada, Senior MD & Head of PE, Directs & Hybrids for N.America, State Street Corp., New York
Nicolas Fermaud, Attorney, Allen & Overy, New York
Martin Jufer, Member of the Group Management Board, GAM, Zurich
Gast Juncker, Partner, Elvinger Hoss Prussen, Luxembourg
André Pesch, Principal, Baker & McKenzie Luxembourg
Jeremy Soutter, Global Head of Product Development, Standard Life Investments, London
Martin Vogel, CEO, MDO Management Company S.A., Luxembourg
Serge Weyland, Head of Financial Institutions, Banque Internationale à Luxembourg S.A.
Nigel Williams, Chairman, Royalton Partners S.A., Luxembourg

5.50 pm   Interview with local player
Conducted by: Jérôme Wittamer, Chairman, Luxembourg Private Equity & Venture Capital Association


Sponsors



Harmonie Club

4E 60th St
New York


LPEA Roadshow in London (4 May 2016)

LPEA Roadshow in London (4 May 2016)

Presentation of Luxembourg’s global Private Equity hub in the context of ALFI’s London Conference.


Event Summary


LPEA hosted the Private Equity workshop held on May 4th in the context of the ALFI London Conference. The session attracted over 120 participants who joined for a presentation of the latest developments in the Luxembourg Private Equity and Venture Capital Market.

Key takeaways from the workshop:

      • Luxembourg is a very attractive platform for PE and Private Debt funds;
      • The Luxembourg Limited Partnership is at least as good as the LP-structures used in the UK (Scottish, Channel Islands, UK). The basic principle is that one can do the same with a Lux LP as would do with a UK LP which results in no practical difference between the two. Looking at the details, the Luxembourg regime is even more progressive and flexible;
      • The panelists agreed that speed and cost of incorporation are very competitive and a non-issue;
      • The RAIF is an important complement to the Lux fund toolbox which further strengthens Luxembourg’s position in the PE sector.

Pictures of the event are available below.


LPEA/ Private Equity seminar


4th May 2016
AGENDA

Chair of the session: Jane Wilkinson, Partner, KPMG Luxembourg

2.00 pm Keynote Speech: VC /Private Equity in Europe: demon or the loved child?
Ulrich Grabenwarter, Deputy Director, Equity Investments, European Investment Fund

2.15 pm Anglo-Saxon versus Luxembourg Limited Partnership: Spoilt for choice?
Differences and similarities of the Anglo-Saxon and Luxembourg LP structures – Why to opt for Luxembourg – Is the introduction of the Reserved Alternative Investment Fund (RAIF) a game changer to the industry?

Moderator: Jerome Wittamer, President, Luxembourg Private Equity & Venture Capital Association (LPEA)
Panelists:
Jonathan Blake, Partner, Head of the International Funds Group, King & Wood Mallesons, London
Damien Crossley, Partner, Head of Tax Group, Macfarlanes, London
Keith O’Donnell, Managing Partner, Atoz Tax Advisers Luxembourg
Thibaut Partsch, Partner, Loyens & Loeff Luxembourg

2.50 pm Testimonial Talk: GP comments and concerns
Olivier Coekelbergs, Head of Private Equity EY Luxembourg, interviews:
– Richard Smith, Finance Director of European Capital
– Manish Aggarwal, Investment and Operations Director. AMP Capital

3.20 pm Q&A

3.30 pm Closing

The LPEA Roadshow in London is organised in the context of the ALFI London Conference.


ALFI Conference overview


3 May 2016

6 pm – 8 pm » ALFI Cocktail (sponsored by LPEA)
Guildhall, Gresham Street

8 pm – 11 pm » After-Party (sponsored by Vistra)
The Anthologist Bar, 58 Gresham Street

4 May 2016

9 am – 1 pm » ALFI Conference

2 pm – 3.30 pm » LPEA Roadshow/ Private Equity workshop


Recommended reading:

RAIF, the new AIFMD-compliant vehicle
(Capital V #7, February 2016)

Limited Luxembourg Partnership: A Success Story?
(Capital V #5, February 2015)

YO! Sushi: Quilvest Exits de Conveyor Belt
(Capital V #7, February 2016)


Luxembourg is well known for its solid financial centre which success is founded on the social and political stability of the Grand Duchy and on a modern legal and regulatory framework that is continuously updated.

Over the years, specific regulatory frameworks have been created for alternative investment funds and venture capital investment funds which, combined with Luxembourg’s openness to the world, has attracted many private equity firms and specialist service providers from all over the world.

LPEA, as the trade association for Private Equity and Venture Capital Players in Luxembourg, is hosting this roadshow to present the country and the conditions which have already attracted some of the major international PE firms to set office in Luxembourg. We expect you to learn first-hand testimonials from some of our players as well as from the service providers who, together with the investors, build a strong and reliable ecosystem.

Pictures



Speakers


 

LPEA’s Roadshow Sponsors


 

Guildhall

Gresham Street, London, EC2


LPEA/ ALFI response to European Commission’s consultation on the review of the EuVECA and EuSEF regulations

LPEA and ALFI responded to the European Commission’s consultation on the review of the European Venture Capital Funds (EuVECA) regulation (No 345/2013) and European Social Entrepreneurship Funds (EuSEF) regulation (No 346/2013).

These specialist venture capital investment funds have been available since 2013 but only a small number of funds set up as EuVECA and EuSEF have so far been launched.

This consultation supports the objective of Capital Markets Union which is to facilitate a greater flow of capital from willing investors into the real economy. This consultation is part of the Action Plan package and takes up the replies received in the CMU consultation. It requests more details as to where and how the regulations could be changed without reducing the existing levels of investor protection.

LPEA and ALFI response.