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Luxembourg Private Equity and Venture Capital Association is created

The Luxembourg Private Equity and Venture Capital Association has been created to represent and promote the interests of private equity and venture capital players based in Luxembourg.

The non-profit organisation also intends to support initiatives to enhance the competitiveness and efficiency of the Luxembourg economic, legal, regulatory and operational framework as an international hub for carrying out private equity and venture capital business.

It will work with the European Venture Capital and Private Equity Association and other relevant international industry bodies to represent the interests of the members of the LPEA and the industry as well as Luxembourg as a place for doing private equity and venture capital business.

“With such a strong development over the past years, it was time for Luxembourg to establish its dedicated industry association for private equity and venture capital. This perceived need was confirmed by the very positive reception of the initiative by the industry. Twenty five private equity houses and professional services organiszations have spontaneously committed to becoming founding members of the LPEA,” says Hans-Jürgen Schmitz (pictured), president and founding member of the LPEA.

Individuals and corporate entities, both from Luxembourg and abroad, may become members of the association if they are engaged in activities relating to venture capital and private equity and meet the conditions of professional competence.

The status of full member is open to private equity or venture capital fund managers and investment advisers. The associate member status is open to persons and organisations that render professional services such as structuring, audit, distribution, administration and domiciliation services in the field of venture capital and/or private equity.

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