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.

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.

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.