Allocations
Fund administrators are moving up the chain into middle office and portfolio management functions as they broaden their services to offer more holistic support to their asset management clients. The success of this is currently reliant on a strong human relationship between administrators and fund managers. However, as the alternatives industry moves to more standardisation, technology will play a greater role in helping fund administrators provide a superior service to their fund management clients.
“Historically, the fund administration business was very much about the back office. In the past few years, however, administrators have taken steps up the chain into
Q&A with Mark Shaw, Partner, Wildgen Investment Fund…
How would you assess the regulatory environment in Luxembourg from a PE funds perspective?
Luxembourg’s PE fund regulatory environment is framed by the fact that PE funds fall within the EU’s various directives and regulations, chief among which is the regime under the Alternative Investment Fund Managers Directive (“AIFMD”).
Within that wider framework, there are then degrees of regulation available to promoters of PE funds, from unregulated sub-threshold AIFs with a registered AIFM, reserved alternative investment funds (RAIFs) with an authorised and regulated AIFM, through to specialised investment funds (SIFs) or investment
As the private capital markets develop further and regulation continues to increase, asset servicers shoulder growing reporting and supervisory burdens on behalf of their clients. As a result, an automated technology solution to manage the sheer volume of data needed to invest in this area can provide operational efficiency and also allow for more cost effective investment by limited partners (LPs).
“The demand for deep and more granular data is much higher today than it was 10 years ago,” says Dr Daniel Schmidt, CEO, CEPRES. “In the past it was possible to invest in private capital markets by just looking
No matter who you talk to, global private equity has enjoyed a period of enormous growth in the last few years and, in Luxembourg, this has proven to be a key factor as it has looked to drive interest, globally, in regulated private equity funds.
As the Association of the Luxembourg Fund Industry (ALFI) reported at the end of 2018, although the PE fund landscape is still dominated by funds of EUR100 million or less in AUM, the number of large PE funds (EUR500 million and above) has increased to represent over 4 per cent of the total, with the
As institutional investors have been increasing allocations to real assets, driven by the persistent low yield environment, the appeal of private equity (PE) has inevitably been on the rise. Luxembourg has become the European epi-centre of this burgeoning industry as its reputation for quality and service precedes it.
According to consultancy Deloitte’s estimates, PE assets under management in Luxembourg have increased by 20 per cent year-on-year, benefiting from the USD436 billion in funds raised globally in 2018.
“We have seen a fairly sustained interest in launching new funds in Luxembourg from managers based around the globe,” confirms Mark Shaw, Partner
Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 6 (MEIF6), has acquired Farnborough Airport from a consortium of private investors.
Farnborough Airport is the only dedicated business aviation airport in the United Kingdom (UK”). The airport, which handles more than 30,000 air traffic movements each year, has facilities designed to maximise travel efficiency, reliability and customer experience for passengers travelling to London and the South East. Farnborough Airport was the world’s first dedicated business aviation airport to receive carbon neutral status from Airports Council International, and its facilities and services have seen it named Europe’s best Fixed-Based
Keensight Capital, a private equity managers dedicated to pan-European Growth Buyout investments, has replaced CAPZA as the majority stakeholder of Geodesial, a developer and distributor of CAD (Computer-Aided Design) and CAE (Computer-Aided Engineering) software for infrastructure.
With over 30 years of experience in the CAD / CAE business, Geodesial is specialised in the development and distribution of software solutions for infrastructure professionals.
Strong of approximately 80 employees and four offices in France, Hungary and Canada, the leading developer in France benefits from an overall market share of approximately 70 per cent. Since 2017 and the arrival of David Le
Varagon Capital Partners (Varagon) is to serve as Administrative Agent on a senior secured credit facility to support the recapitalisation of New Era Technology (New Era), a global IT solutions provider, by Sentinel Capital Partners (Sentinel).
Varagon is a lender to middle-market companies and private equity firms. The company invest across the capital structure and delivers financing solutions for private equity partners.
Sentinel specialises in buying and building businesses in the lower mid-market in the US and Canada in partnership with management. Sentinel targets aerospace and defence, business services, consumer, distribution, food and restaurants, franchising, healthcare and industrial business. They
Creoptix AG, a Switzerland-based company focused on next-generation bioanalytical instruments, has raised CHF8 million in the first closing of a Series C financing round.
The round was led by Swisscanto Invest by Zürcher Kantonalbank and joined by Waters Corporation (NYSE: WAT) as well as existing private investors. Robert Schier of Swisscanto Invest has joined the board of director. With this financing round, the company has raised more than CHF 15 million since 2013. The proceeds enable Creoptix to strengthen its commercial operations in Europe as well as in the US and to expand its market presence.
Creoptix developed and markets
A major global study has found ESG adoption is rapidly gaining traction among sovereign investors and Central Banks. The Invesco Global Sovereign Asset Management Study, which surveyed 139 individual sovereign investors and Central Bank reserve managers, showed nearly two thirds (60 per cent) of sovereigns now incorporate a top-down ESG policy – up from 46 per cent in 2017.
ESG is also increasingly a preoccupation of Central Banks, with 20 per cent now incorporating a policy, up from 11 per cent in 2017.
While equities have been the initial starting point for ESG implementation, this year’s study found of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
