Posts

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


LUXFIN 2020

Luxembourg 2020:

Private Equity’s growth plans in Luxembourg

Luxembourg for Finance (LFF) released the LuxFin2020, a vision for the development of the Luxembourg Financial Centre.

The document is a commitment to build on Luxembourg’s core strengths, seize opportunities and support innovation in other, newer sectors of the financial services arena. However, LuxFin2020 is, above all, a public statement on the 3 principal objectives guiding the financial services industry:

1- To develop further as a centre of excellence in cross-border finance by consolidating and developing Luxembourg’s expertise in cross-border financial services;

2- To be the EU onshore financial hub of reference by expanding Luxembourg’s role as the European location of choice for global financial services providers and

3- To become a digital leader in Europe, notably by fostering innovation and becoming a leader in digital financial services.

The objectives of the industry are too those of the private equity and venture capital sector.

The Luxembourg private equity industry’s goal is to become the prime on-shore centre for private equity by 2020, building on the strong foundation of asset management know-how, the availability of a broad range of investment vehicles and regulatory expertise.

More specifically, the industry has the ambition of increasing GP presence in Luxembourg. Having seen a continuous inflow of mid market private equity houses in Luxembourg, the industry also aims to attract a private equity ‘mega fund’ to further increase the centre’s international reputation.

Factors that will drive the industry’s expansion in Luxembourg include the European Investment Plan (“Juncker Plan”), innovation in financial technology, BEPS, as well as a positive global M&A activity. The industry sees particular potential for growth in investment activities in the areas of impact finance, infrastructure, energy, mid market, debt, venture capital and FinTech. The Luxembourg private equity industry also expects the sector to further expand its back and middle offices in Luxembourg.