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This project aims to strengthen and formalise the AIFM’s valuation framework by introducing a coherent and structured set of tools covering both governance and execution.
In the Alternative closed-ended Funds space, Investor LPs seek clear and distinct communication from their GPs, in terms of their commitments during the life of the funds, that helps drive in turn their liquidity positions.
Cash Distributions, whether classified as income or return of capital, back to the LPs are a key source of LP liquidity as a return on their investments.
However, GPs may reserve the right to recall such distributions, as typically outlined in the PPM or LPA. To that end LPs would be advised of those as Recallable Distributions.
An overview of how Luxembourg is pioneering in fund tokenization for alternative investment funds, supporting broaden access in private markets.
On 08 May 2026, the LPEA submitted its response to the AMLA Public Consultation on the Draft Regulatory Technical Standards under Article 28(1) of Regulation (EU) 2024/1624 on Customer Due Diligence.
Luxembourg has adopted a modernised, two-track carried interest tax regime effective 1 January 2026, offering competitive and clear tax treatment for performance-related compensation applicable to a broader set of beneficiaries, reinforcing Luxembourg’s appeal for private equity and alternative fund professionals.
On 27 April 2026, ALFI, LPEA and LuxCMA submitted their response to the European Commission consultation on Private Equity exits, highlighting opportunities to enhance the efficiency and liquidity of private markets in Europe.
The Associations emphasised the intrinsic features of private markets. They highlighted that strengthening exit environments should be built on measures that complement private market dynamics, support smoother exits and capital formation, and preserve the governance frameworks, long-term orientation that underpin private markets’ contribution to European growth.
Click on the following link to read the response to the consultation.
“Private Equity ELTIFs: Why Luxembourg?” is a joint publication by the Luxembourg Private Equity & Venture Capital Association (LPEA) and the Association of the Luxembourg Fund Industry (ALFI).
Developed through a dedicated joint working group, this brochure provides a comprehensive overview of Private Equity ELTIFs and explores why Luxembourg continues to position itself as a leading domicile in this fast-evolving segment.
On 16 March 2026, the LPEA submitted its feedback to the European Commission’s Market Integration and Supervision Package. The Association emphasises the importance of a well-functioning EU Single Market that enables efficient cross-border fundraising, regulatory predictability, and flexible capital deployment for PE and VC managers operating across jurisdictions.
On 12 March 2026, ALFI and LPEA submitted their feedback to the European Commission consultations on the EU venture and growth funds reform. With around 700 sub-threshold alternative investment fund managers (AIFMs) and 30 EuVECA funds/17 EuVECA managers, Luxembourg is a popular choice of domicile for small and mid-sized AIFMs in the EU.
This document introduces a standardized Due Diligence Questionnaire (“DDQ”) template developed by the LPEA Fund Administration Committee.
The initiative responds to the growing number of DDQ requests received by Fund Administrators and the resulting challenges caused by inconsistent formats, repetitive questions, and requests for excessive information.
The first template focuses specifically on DDQs performed by the Depositary function in relation to the Fund Administration of administered Alternative Investment Funds (AIFs). The proposed approach reflects both operational needs and practical market expectations.
The inaugural edition of Private Market Insights, a new insight series developed by Clearstream exploring the structural evolution of private markets through data, infrastructure, and market practice.
This white paper, developed jointly by the L3A Operations Committee and the LPEA Central Administration Committee, provides practical, market‑aligned guidance on implementing the outsourcing requirements set out in CSSF Circular 22/806 (as amended by Circular 25/883). It is designed as a hands‑on reference for fund and corporate administrators, compliance teams, and operational leaders navigating the full lifecycle of outsourcing arrangements in Luxembourg.
In the Luxembourg Private Equity Data Dashboard, the LPEA Central Intelligence Committee in collaboration with PwC Luxembourg provides a holistic view of the Private Equity Market in Luxembourg.
This dashboard presents information on AIFM Dashboard, European Context, Funds Dashboard, Financial Centre, Job vacancies, and a GP Survey.
We are delighted to release the Structuring & Market Trends Paper developed by our Private Funds Committee under the leadership of its co-chairs Jérôme Mullmaier, Maria Rodriguez, and Adrian Aldinger.
This publication goes beyond technical analysis; it tells the story of why Luxembourg remains the jurisdiction of choice for private markets. In an industry built on confidence, flexibility, and innovation, Luxembourg consistently delivers on all three.
We are pleased to share our latest publication “Private Debt: Valuations White Paper”, a collaboration between the LPEA Valuations cluster and the Luxembourg Valuation Professionals Association (the LVPA).
The Luxembourg Private Equity & Venture Capital Association (LPEA), together with Silicon Luxembourg and with the support of Luxinnovation, are proud to present the 2025 edition of the Luxembourg Venture Capital Guide.
LPEA AML/CFT Working Group: White Paper on the Management of Blocked Accounts
This paper was developed as the outcome of a roundtable organized with Transfer Agents (TAs) and outlines key considerations that firms may wish to take into account to ensure appropriate controls are in place for the management of blocked accounts.
The revised Look-Through & Control Guidelines is the result of years of collaborative work by the ABBL and LPEA’s depositary experts and members. The newly
The LPEA published its Annual Report 2024 at the Annual General Meeting (AGM) held on June 11th 2025.
We are pleased to share the latest publication from our LPEA AML/CFT Working Group: White Paper on Deal AML Due Diligence. This paper outlines arrangements
The work presented herein is issued on behalf of the members of the LPEA AML Expert Working Group (the “Working Group”), who are professionals active in the field of anti-money laundering (“AML”) and counter-terrorism financing (“CTF”).
Aztec Group launches a guide to help U.S. investment managers fundraise and operate in Europe, offering step-by-step regulatory and structuring advice.
The FPE Financing Checklist is a document drafted by the FPE WG (in their individual capacity), members of the leading Luxembourg law firms, aiming to promote coordination on common practices for Luxembourg PE financing transactions.
Celebrate 15 years of LPEA with our special publication, featuring expert insights on the future of Private Equity & Venture Capital in Luxembourg. Discover industry trends, AI-enhanced visuals, and a forward-looking perspective on the evolving investment landscape.
