The 'Luxembourg Private Equity Services 2013' special report comprises seven separate articles listed below, these can be read individually or as a sequence.
By James Williams – “What the Special Limited Partnership (SCSp) does is provide a legal vehicle that specifically and systematically addresses every area of concern for private equity managers when they look at what are the available options to them across different jurisdictions,” comments Daniel Richards, partner at Ogier (Luxembourg).
“In my pan-European view this is the most effective change I’ve seen Luxembourg make in the last 10 years to boost its funds offering to the Private Equity industry,” suggests Justin Partington (pictured), Commercial Director at Ipes – one of Europe’s leading private equity fund administrators with more than USD50billion in funds under administration – in response to the amendments made to Luxembourg’s limited partnership regime.
“It’s about providing efficiencies across asset classes. Whether it’s a limited partnership private equity fund, a FoHFs, a hybrid private equity fund, we offer those efficiencies under one hood, on one platform,” comments Eddie Russo (pictured), solutions consultant at Advent Software on Geneva World Investor, the firm’s integrated solution for portfolio management, investor accounting and servicing.
By Alain Kinsch & Axelle Ferey – Porter formalised it in the 90’s: innovation is key to competitiveness. Luxembourg’s private equity industry, with the support of Luxembourg authorities, explored this path over the past ten years to establish the Grand Duchy as a European hub for private equity, not only from an international private equity transaction structuring perspective but also from the perspective of a fund structuring and domiciliation hub.
Luxembourg issued a clear signal of intent this year. Not only was the Grand Duchy one of the first EU Member States to implement the AIFM Directive on 15 July 2013, it also made significant amendments to the 1915 Company Law, within which the limited partnership regime is defined.
Closely understanding the needs of its private equity clients has led to KPMG Luxembourg’s corporate finance team re-engineering the valuation process to make it as cost efficient as possible.