From PAPERJAM:
"In just a few years, Luxembourg has positioned itself as a prime platform for private asset managers, particularly private equity players. On the strength of a number of assets - notably the stability of the financial centre and the flexibility of its tools - the main challenge now is to enhance the offering, attract new functions and strengthen expertise, as Stéphane Pesch, CEO of the Luxembourg Private Equity Association, explains to us.
Most of the major private equity players now have interests in Luxembourg. “In just a few years, the country has managed to position itself as the platform for domiciling, managing and distributing investment products linked to private assets in Europe,” comments Stéphane Pesch, CEO of the Luxembourg Private Equity Association (LPEA). There are many reasons for this success. They obviously stem from the expertise that the Grand Duchy has succeeded in developing in the field of investment product management. There is also the flexibility shown by the legislator in creating a favourable framework for alternative investments, with well-designed and adaptable tools. We should also highlight the stability and resilience of the financial centre without, however, forgetting its ability to innovate and reinvent itself along the way...."