Managers
By Marc-André Bechet, ALFI – Luxembourg is in a quite unique position as a global funds jurisdiction compared to other financial centres in the European Union. The country enjoys an unrivalled political and economic stability. It benefits from a triple A rating with a stable outlook, which has been re-confirmed in September by the three rating agencies Fitch, Standard & Poor’s and DBRS Morningstar. Luxembourg is one of the ten countries worldwide with a triple A rating. Debt to GDP, although on the rise as a consequence of the current crisis, will soon reach 26 per cent but remains well
By A Paris – Uncertainty remains the order of the day as the world heads into a period of slow recovery which risks being scuppered by a variety of factors including the US elections, trade tensions and the prolonged impact of the Covid-19 pandemic. Financial services practitioners in Luxembourg, like their peers in other jurisdictions, have had to navigate this volatile environment while continuing to provide a seamless service to clients.
“The crisis has been a strong accelerator of change by spotlighting our resilience, as well as our ability to adapt. While organisations are considering how to accommodate working from home to
By Emily Fuller, Deborah Low, Ellen McGinnis and Emma Russell, Haynes and Boone – ‘Sustainability’ and ‘ESG’ have become trendy buzzwords in the finance world of late, but is the concept that wealth creation and management should be beneficial to the environment and society really that new? This article will look at the similarities and differences between ESG investment guidelines and long standing principles of investment practiced under Shariah law and discuss the implications of such restrictions for fund finance.
City law firm, McCarthy Denning, has successfully advised flypop, a UK-based start-up and low-cost long-distance airline, on attracting significant investment from the UK Government’s Future Fund (opened in May this year) and other private investors. With the effects of Covid-19 resonating around the globe, the UK economy and aviation industry will benefit greatly from closer travel links with India, the world’s sixth largest economy. This crucial funding takes flypop closer to applying to the UK Civil Aviation Authority (CAA) for its Air Operator Certificate. flypop plans to launch its first scheduled flights in the second half of 2021. Passengers will travel
Gulf Capital has formally joined the United Nation’s international network of investors working together to implement sustainability principles in the global financial system. The Firm has formalised its commitment to responsible investment by becoming a Signatory of the United Nations-supported Principles for Responsible Investment (PRI).
PRI works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The principles were developed by the international investment community and reflect the view that ESG issues can affect the performance of investment portfolios
Eurazeo has completed the sale of all its shares in Farfetch, a Eurazeo Growth portfolio company.This disposal resulted in net proceeds of EUR90.4 million, corresponding to a multiple of 4.1x cash-on-cash and an IRR of around 38 per cent. It is the second portfolio exit for Eurazeo Growth, after PeopleDoc in 2018.
Eurazeo had been a shareholder in Farfetch, an online marketplace connecting fashion and luxury goods brands as well as multi-brand boutiques with customers in 190 countries, since May 2016. Over this period, the Group accompanied the company’s growth, particularly by helping it develop its business among luxury
The London Technology Club (LTC), which includes some of the world’s leading technology investors, has invested in Reflektion, an AI-powered personalisation platform for the retail industry. LTC invested in Reflektion’s USD13.5 million funding round alongside leading venture capitalists such as Clear Ventures, Intel Capital, Battery Ventures and Hasso Plattner Ventures.
Reflektion currently manages approximately USD18 billion of GMV (Gross Merchandise Value), over USD5.5 billion unique shopping sessions (since Jan 2018) and 300 million unique anonymous shopper profiles. The fund-raising will bolster Reflektion’s growth ambitions to move beyond only eCommerce and into grocery, and penetrate other online commerce markets such as B2B2C,
NorthEdge-backed Catalis Group is expanding its North American footprint with a second bolt-on acquisition completed during lockdown.Curve Digital, part of the Catalis Group, has bought Vancouver-based IronOak Games, an independent games developer. Curve Digital is a video games publisher based in London.
IronOak Games, headed up by Gordon Moran and Colby Young, was founded in January 2015 and it has previously collaborated with Curve Digital on the critically acclaimed title For The King, a game published for PC, Xbox One, PlayStation 4 and Nintendo Switch.
The deal forms part of Curve Digital’s wider strategy of acquiring independent game
Homestead Capital (Homestead), a private equity firm investing in farmland in the United States, has held a final close of its third fund, Homestead Capital USA Farmland Fund III, with USD596 million in capital commitments. With these additional commitments, the firm has surpassed USD1 billion in AUM across its three funds.
“We are grateful for the support and opportunity to invest on behalf of our broad range of returning and new investors,” says Dan Little, Co-Founder and Co-CEO of Homestead. “We are humbled by our limited partners’ confidence in us as investors. Fund III represents an endorsement of our ability to
Inflexion has agreed to make a minority investment in Phenna Group (Phenna), a business focused on the testing, inspection, certification and compliance (TICC) sector.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
