LPEA Elects New Board and Reports Strong 17.4% Membership Growth at 2026 AGM

The Luxembourg private capital industry gathered to reflect on the achievements of 2025, gain valuable insights from keynote speaker John Penning (Luxempart), and celebrate the (re)election of ten Board members.

The Luxembourg Private Equity & Venture Capital Association (LPEA) presented its Annual Report for 2025 at the Association’s Annual General Meeting (AGM), held on Wednesday, 17 June 2026, at the premises of BNP Paribas.

Key takeaways from the AGM include:

– Membership growth: LPEA recorded a strong 17.4% increase in membership in 2025, welcoming 104 new -members and bringing total membership to 701 at year end. Among the new members, 39 are investors and fund managers, including several family offices.

– LPEA strategy 2025–2030 – 2025 marked the launch of LPEA’s new five-year strategy, setting a clear direction for the Association’s next phase of growth and impact. Built around three strategic pillars – Defend, Attract, and Educate & Connect – the strategy reinforces LPEA’s commitment to supporting and advancing Luxembourg’s private markets ecosystem. It aims to safeguard the country’s competitiveness by anticipating regulatory developments and shaping policy discussions, while strengthening Luxembourg’s international positioning to attract high-value general partners (GPs), investors and global decision-makers. At the same time, the strategy places a strong emphasis on fostering knowledge sharing, delivering meaningful networking opportunities, and supporting members through education, collaboration and the promotion of industry best practices.

– Public advocacy – As regulatory and market developments continued to shape the European private capital landscape, LPEA further strengthened its public advocacy efforts in 2025 to support members and reinforce Luxembourg’s position as a leading private markets hub. Through active engagement with policymakers and industry stakeholders at both national and European levels, the Association contributed to key discussions on topics including the implementation of AIFMD II, private debt, artificial intelligence, anti-money laundering requirements and valuation practices, while providing members with practical guidance in an evolving regulatory environment.

– Luxempart Interview – John Penning reflected on his ten years as Managing Director of Luxempart and the development of both Luxempart and the Foyer Group. A central theme of the interview was the entrepreneurial spirit that had been a key driver of the Group’s growth, supporting diversification, international expansion and the creation of new business lines, including CapitalatWork, Foyer Global Health and Wealins. He also highlighted the benefits of Foyer’s family-owned identity, which enabled long-term thinking while requiring strong governance and discipline. Once his successor is appointed, he will step down as Managing Director of Luxempart, while remaining on its Board of Directors and assuming leadership of the newly created Executive Committee of the family holding Foyer Finance SA.

– Board renewal – As part of the annual renewal of one third of LPEA’s 30-member governing body, ten Full Members (investors and fund managers) were (re)elected to the Board:

– Advent International – Martine Kerschenmeyer
– Astorg – Jacob Bang-Olsen
– Blackstone – Tudor Sambritchi
– Carlyle – Estelle Beyl Vodouhe
– CVC – Antoine Servais
– EQT – Mehdi Van Renterghem
– European Investment Fund – Bjorn Tremmerie
– Mangrove Capital Partners – Hans-Jürgen Schmitz
– Marguerite – Sophie Bajwa
– Wendel – Claude de Raismes

After congratulating the newly elected Board members, Hind El Gaidi, Head of Luxembourg at ICG and President of the LPEA, stated: “As we move through 2026, the industry continues to navigate a balanced outlook: conscious of the challenges ahead, yet well-equipped to capture opportunities emerging from a more disciplined and maturing market environment. The broader macroeconomic environment remains dynamic, and geopolitical developments and policy shifts continue to influence investment flows and cross-border activity. At the same time, several supportive trends are expected to underpin the market, while the pace of technological change, particularly driven by AI, is rapidly reshaping the investment landscape, creating both opportunities and new challenges. Luxembourg continues to reinforce its role as a leading European hub for private capital, and LPEA remains committed to supporting its members and contributing to the development and resilience of the ecosystem.”

Stéphane Pesch, CEO of the LPEA, then reflected on the association’s achievements in 2025 and the momentum driving the industry forward, stating: “2025 was marked by celebration, renewal and progress. As we commemorated the LPEA’s 15th anniversary, broadened our international reach and delivered initiatives that brought our ecosystem closer together, we witnessed once again the strength and resilience of Luxembourg’s Private Equity and Venture Capital community. From the continued evolution of our technical committees and clubs to the record-breaking success of our flagship event, the LPEA Insights Conference, which gathered more than 1,300 participants, every achievement was made possible by the commitment and engagement of our members, sponsors and partners. Building on this momentum, we will continue to foster collaboration, champion innovation and shape the next chapter of growth for our industry. Thank you to all our members, sponsors and partners for your continued trust and support.”
 
About the LPEA
 
The LPEA is the representative body of Private Equity and Venture Capital professionals in Luxembourg. With 702 members, as of 18 June 2026, LPEA plays a leading role in the discussions and development of the ecosystem and actively promotes the industry beyond the country’s borders.
 
LPEA Board