This section includes studies and surveys conducted on behalf of ALFI.
According the Luxembourg Private Equity and Venture Capital Investment Fund Survey* conducted by Deloitte on behalf of ALFI, released today, assets under management have increased by 20% year-to-year, confirming Luxembourg’s attractiveness as a domicile for alternative investment funds.
Assets under management in Luxembourg-domiciled Loan Funds has reached €49billion, according to a study by KPMG on behalf of ALFI, the Association of the Luxembourg fund industry.
STRONG GROWTH IN LUXEMBOURG ALTERNATIVE FUNDS CONFIRMED BY SURVEYS ON REAL ESTATE, LOAN AND PRIVATE EQUITY AND VENTURE CAPITAL FUNDS- Studies
ALFI today unveiled three reports at its PERE conference held in Luxembourg on 20 and 21 November. The surveys all highlight the strong growth of alternative funds in Luxembourg.
2018 ALFI REAL ESTATE INVESTMENT FUND (REIF) SURVEY SHOWS INNOVATIVE RAIF REGIME IS FIRMLY ESTABLISHED- Studies
According to ALFI’s 2018 REIF survey, 2017 and the first two quarters of 2018 show another good period for Luxembourg-domiciled REIFs. The population of REIFs surveyed by ALFI continued to expand, this time by 45, bringing the total number of surveyed vehicles to 304, including 27 manager-regulated AIFs, 27 RAIFs dedicated to real estate and 11 SICARs.
According to the report issued today by ALFI to mark ALFI’s 30th anniversary, UCITS assets have the potential to grow at a compound rate of 5% in the next three decades, with average annual net sales flows rising from €201 billion in 2017 to €860 billion in thirty years. As long as certain risk factors are addressed, this growth rate would quadruple UCITS’ asset base to over €42 trillion by the year 2048.
Though umbrella funds remain popular due to various practical and cost considerations, ALFI’s Real Estate Investment Funds Survey 2017 confirms the trend towards simplification of REIF structures and strategies. Please note that this publication is for members only.
The development of non-banking credit intermediation has led loan funds, which provide an alternative to the banking industry as a source of financing the real economy, to expand significantly in the Grand-Duchy, and this trend that is expected to continue.
Despite the fact that Luxembourg has been active in the Private Equity field for more than two decades, local presence was historically limited mostly to smaller and / or emerging General Partners. The opportunities offered by the Luxembourg fund structuring toolbox have now motivated many large international houses to set up and conduct business out of Luxembourg.
2016 was another good year for Luxembourg domiciled REIFs as the population continued to expand, ALFI writes in the 10th edition of its annual Real Estate Investment Funds (REIF) survey that has been published today.
"The asset management industry has a once-in-a-generation opportunity to re-imagine and modernise its distribution model to address market and operational challenges – for future and current investors,” says Denise Voss, Chairman of ALFI.