How Luxembourg is evolving into the European platform for Private Equity Funds
Experts from Luxembourg and Sweden are meeting in Stockholm this week to discuss the main tax, legal and organisational points to consider when setting up or transferring a Private Equity structure to Luxembourg.
The event, organised by the Luxembourg Private Equity and Venture Capital Association (LPEA), aims to capitalise on the successful introduction of the Limited Partnership structure in July 2013 in Luxembourg and the fast development of additional services, and service providers meeting the needs of Alternative Investment Fund Managers under the AIFMD.
Luxembourg represents one of the most widely used centres for the structuring of Private Equity investments within Europe and beyond. Building on its infrastracture and expertise, the Grand Duchy is now further developing the sector. A delegation led by the Luxembourg Finance Minister, Pierre Gramegna, will visit New York in October to promote Luxembourg as an attractive and competitive environment for both Private Equity funds and their managers.
Major deals like the emergence of the free internet call provider Skype have been set up and financed in Luxembourg by Mangrove Capital Partners, a leading venture capital firm specialising in technology. LFF spoke to co-founder and managing partner, Hans-Jürgen Schmitz, to find out why nine out of ten of the world´s biggest fund managers are operating out of Luxembourg.