All sessions are indicated in local time.

7.30 - 8.30
Registration and breakfast

8.30 - 8.40
ALFI welcome address

Chairperson
Jean-Marc Goy
Jean-Marc Goy
ALFI

Chairperson

8.40 - 8.45
Introduction by the Master of Ceremony

Master of Ceremony
Loredana Carletti
Loredana Carletti
Amundi Luxembourg S.A.

Head of real assets, CO Head of Business and Product

8.45 - 9.00
Alternative Investments 2025: Global Market Trends and European Insight

This presentation will explore the latest market trends shaping the world of alternative investments, offering both a global perspective and a focused lens on developments within the European markets. Drawing on the most recent performance metrics and asset growth data, it will highlight how investor demand, market dynamics, and macroeconomic conditions are influencing allocations across private equity, private debt, hedge funds, real assets, and other alternative strategies. Attendees will gain insight into the drivers behind capital flows, regional variations in growth, and the evolving role of alternatives in institutional and private portfolios worldwide.

Speaker
Laura Merlini
Laura Merlini
CAIA

Managing Director, EMEA

9.00 - 9.45
The role of private markets in multi-asset strategies

What drives the trend of hybrid portfolios? What are the advantages and challenges? Is diversification through private assets real? Hear about how the "right" allocation can be achieved, how liquidity considerations play into it, and what the future of private assets in multi-asset investing might look like.

Moderator
Sophie Védrine-Binninger
Sophie Védrine-Binninger
Forvis Mazars Luxembourg

Partner

Panellists
Eric Deram
Eric Deram
Flexstone Partners

CEO

Georgi Kyosev
Georgi Kyosev
Robeco Institutional Asset Management B.V.

Executive Director, Robeco Indices

Alexandra Solnik
Alexandra Solnik
BNP Paribas AM

Head of Investor Relations - Private Assets

9.50 - 10.30
Networking coffee break

10.30 - 10.40
Address by the Luxembourg Minister of Finance

Keynote speaker
Gilles Roth
Gilles Roth
Ministry of Finance

Minister of Finance

10.40 - 11.00
AIFMD II implementation

Governance and reporting requirements for AIFMs, delegation, LMTs and loan origination are among the areas where significant changes will be brought about by the implementation of AIFMD II which must be completed by 16 April 2026. In Luxemburg, the legislative process has kicked off – learn more during this interview.

Interviewer
Frédérique Lifrange
Frédérique Lifrange
Elvinger Hoss Prussen S.A.

Partner

Interviewee(s)
Maureen Wiwinius
Maureen Wiwinius
Ministry of Finance

Senior Counselor

11.20 - 11.35
Uni.lu Master in Finance and Economics: new year 2 track in "Private Assets"

Master students at the University of Luxembourg can now choose the "Private Assets" track in their 2nd year. The new study programme allows them to explore how private assets are financed, regulated, and deployed -- and how they influence the real economy. Here in Luxembourg, they will learn from top-tier faculty and practitioners at the centre of Europe’s private asset ecosystem.

Speaker
Ulf von Lilienfeld-Toal
Ulf von Lilienfeld-Toal
University of Luxembourg

Professor of Finance

11.40 - 12.25
Enhancing fundraising success through stronger GP/LP alignment

GP and LP interests can drift apart, eroding confidence and jeopardising fundraising. This discussion will examine how these dynamics can be avoided and how Luxembourg is expected to remain attractive for both LPs and GPs.

Moderator
Julia Bruzzese
Julia Bruzzese
CMS DeBacker Luxembourg SCS

Partner, Investment Funds

Panellists
Ilva Diaco
Ilva Diaco
IntReal Luxembourg S.A.

Conducting Officer Portfolio Management

Kalin Lei
Kalin Lei
Aviva Investors Luxembourg

Senior Legal Counsel

Melanie Martin
Melanie Martin
Abu Dhabi Pension Fund

Legal Counsel

12.25 - 12.30
Wrap-up and closing of the morning sessions

12.30 - 14.00
Networking lunch

14.00 - 14.05
Introduction by the Master of Ceremony

Master of Ceremony
Michelle Barry
Michelle Barry
Maples and Calder (Luxembourg) S.à r.l.

Partner

14.05 - 14.40
Carried interest

Luxembourg’s 2025 carried interest reform provides international fund managers and their employees greater legal certainty and competitive tax conditions. It underscores Luxembourg’s commitment to remaining a prime European destination for alternative investment funds and private asset professionals.

Moderator