Skyscrapers

Welcome to the AIF Club - EY Luxembourg


Patricia Gudino EY Partner

With alternative investments becoming increasingly popular worldwide due to the continuous projected growth, new opportunities arise for the industry. Factors such as new technologies and ESG are shaping the evolution of existing alternative asset classes and fostering the development of new types of investments. The rise of inflation, as an aftermath of the Covid-19 Pandemic, has been driving the demand for investments in alternative asset classes that can provide a hedge against inflation.  With our EY AIF Club, our aim is to explore the drivers of growth and change in the industry, facilitate dialogue and exchanges within our market and develop leading points of view.

Patricia Gudiño Jonas, AIF Club chairwoman

  • Provide insight into developments in the alternative sectors of the financial industry: private equity, real estate, infrastructure, hedge funds and private debt
  • Provide education and trainings for the industry practitioners to better serve and understand the industry
  • Provide alternative industry practitioners with a platform to meet, exchange views and network

We hope the AIF Club will give asset managers, investors and service providers, a platform for establishing new contacts, learn about market trends and stimulate ideas and opportunities.v

Microphone in a crowded room

Our programme 2024/2025

    1. Structured Finance: Path to a more impactful finance
      6 February 2025, 4:30 – 6:30 p.m. CET

    2. Infrastructure Summit: Bridging resilience and promoting expansion
      27 February 2025, 04:30 - 06:00 p.m. CET

    3. AIF Club/Tax Club: Corporate Tax Compliance Update
      25 March 2025, 4:30 p.m. CET

    4. Digitalization in Asset Servicing
      29 April 2025, 4:30 p.m. CEST

    5. AIF Club/Tax Club: Summer Party
      3 July 2025, 6:30 p.m. CEST

    1. The customer experience within the Asset Servicing industry: Deep-dive session with Asset Managers
      2 October 2024, 4:30 p.m. CEST

    2. The customer experience within the Asset Servicing industry: what the Asset Managers expect
      8 October 2024, 4:30 p.m. CEST

    3. UCI Administrator roundtable: key challenges and developments
      5 November 2024, 9:00 – 11:30 a.m. CET

    4. AIF Club/Tax Club: Private Equity Tax discussion platform - an interactive roundtable
      7 November 2024, 5:00 – 7:00 p.m. CET

    5. Asset Servicers’ interactive Tax roundtable
      14 November 2024, afternoon CET

    6. Depositaries’ roundtable: key challenges and developments
      16 January 2025, 9:00 – 11:30 a.m. CET

    7. Asset Servicers’ interactive Tax roundtable
      4 February 2025, afternoon CET

    8. AIF Club/Tax Club: Private Equity Tax discussion platform - an interactive roundtable
      13 February 2025, 5:00 – 7:00 p.m. CET

    9. AIF Club/Tax Club: Private Equity Tax discussion platform - an interactive roundtable
      6 May 2025, 5:00 – 7:00 p.m. CEST

    10. Asset Servicers’ interactive Tax roundtable
      22 May 2025, afternoon CEST

    11. Valuation oversight interactive roundtable
      17 June 2025, 8:45 – 11:00 a.m. CEST
    1. A three-day training program on valuation techniques across different asset classes given by leading valuation experts - payable
      8-10 October 2024, full days

    2. Carried Interest and Waterfall Models – payable training
      24 October 2024, 3:15 - 6:00 p.m. CEST

    3. IFRS 2024 Year-end Spotlight: How IFRS updates are shaping financial reporting
      28 November 2024, 4:00 p.m. - 6:00pm CET

    4. Luxembourg Statutory Reporting in Private Equity
      4 December 2024, 9:00 a.m. - 12:30 p.m. CET

    5. Foreign Exchange – payable training
      26 June 2025, afternoon

    6. IFRS 2025 half-year Spotlight, virtual
      18 June 2025, afternoon
    1.  ESG regulations: are you up to date with latest requirements?
      11 December 2024, 4:30 p.m. – 5:15 p.m. CET

Worldwide Corporate Tax Guide 2023

Investment Funds in Luxembourg 2024

Our latest AIFMD brochure

Our latest thinking

Where does the EU Retail Investment Strategy stand?

A detailed look into the current status of the EU Retail Investment Strategy

The evolving tax administrative cooperation to be on the radar of Private Equity houses

The evolving tax administrative cooperation to be on the radar of Private Equity houses

The new AIFMD Directive’s roll-out unpacking main impact on IFMs

The proposal reviewing AIFMD and the UCITS Directive (the new Directive) was adopted by the Council on 26 February 2024. EY Luxembourg’s Laurent Capolaghi, Private Equity Leader, and Vincent Remy, Private Debt Leader, highlight some of the main changes impacting investment fund managers.

“Pillar Two”: What impact for Luxembourg debt funds?

The EU adoption of Pillar Two (or global minimum corporate tax rate) has already been commented intensively for a number of sectors.

Your tailored fund liquidity model

Semi-liquid alternatives are growing rapidly in Europe, driven by the retailization of private markets and soon to be amplified by #ELTIF2.0

EMIR REFIT: What do you need to know ahead of the 29 April go-live date?

EMIR REFIT (EMIR REgulatory FITness Program), the large-scale, mandatory regulatory update to the existing European Market Infrastructure Regulation (EMIR) derivative transaction reporting rules, will soon come into effect on 29 April 2024.

As global headwinds slow momentum, how can we accelerate climate action?

The EY Sustainable Value Study shows company progress is ebbing, but those doing the most continue to realize value from their investments. Read more.

How can CFOs uncover the material among the immaterial

The EY Global Corporate Reporting Survey finds a significant reporting disconnect with investors on ESG disclosures. Learn more.

Why boards need to play an active role in harnessing the power of AI

Why boards need to play an active role in harnessing the power of AI

How can boards convert sustainability from a wish to a winning reality?

Boards must lead a decisive sustainability agenda or face a constrained future, finds the EY Europe Long-Term Value and Corporate Governance Survey. Read more.

Luxembourg tax administration publishes FAQs on Pillar Two clarifying disclosure requirements for deferred taxes

On 25 March 2024, the Luxembourg tax administration published frequently asked questions (FAQs) clarifying certain questions around disclosures in the financial statements required to benefit from certain transition rules for Pillar Two purposes.

How to keep pace with evolving tax legislation and its impact on business and operations

It is crucial for asset servicers to keep track of and adapt to tax regulations, which are evolving at a rapid pace globally and even more at the European level.

Enhancing Client Satisfaction through digitalization: the vital mandate for wealth management institutions

With assets under management (AUM) totaling EUR 600 billion in the private banking sector, EUR 5,285 billion in investment funds, and several major banking groups that have established their hub for Private Banking here, Luxembourg remains the most important hub in Europe for wealth management.

Sustainable infrastructure: a paradigm shift towards greener investments

Infrastructure plays a pivotal role in addressing climate change and diverse societal needs. What is built by communities, and how it is built, can impact the progress of the world in the fight against climate change and in creating an inclusive society for all. Sustainable infrastructure investments, such as electrified public transport, form the backbone of our transition towards a future of cleaner energy sources.

Big gets bigger: How consolidation is reshaping Private Equity?

The Private Equity landscape is witnessing an unprecedented era of consolidation and the emergence of mega-managers, a trend significantly influenced by the evolving economic and regulatory environment. Is the current shift, driven by fundraising challenges, and regulatory costs, signifying a new era where only the largest firms may thrive?

Luxembourg enacts law on modernization and expansion of investment tax credit

Luxembourg substantially reformed the investment tax credit (ITC) that qualifying taxpayers may claim against their income tax. The amendments effectively create a new ITC covering investments and expenses incurred by Luxembourg businesses in view of digital transformation or ecological and energy transition, and increase the rate for the existing global ITC.

Inflation, Interest Rates, and Transaction Levels: The Evolution of the Real Estate Landscape

The real estate landscape in 2023 has been marked by its fair share of challenges and transformations. While the industry faces headwinds due to inflation, interest rates, and pricing misalignments, the future looks bright.

Private Debt – An Expected But Uncertain “Golden Moment”?

Since 2008, private credit has not stopped expanding. Yet, banks have reduced their exposure to lending because of regulatory changes, and are not able to satisfy the strong demand from the economy.

Luxembourg and the United Kingdom sign new double tax treaty

Luxembourg and the United Kingdom sign new double tax treaty

Luxembourg Parliament adopts law implementing the EU Minimum Tax Directive

On 20 December 2023, the Luxembourg Parliament voted and adopted the Draft Law as recently amended by the Luxembourg government.

The Future of Family Offices: A Look Ahead to 2024

In this article, we delve deeper into these changes, both on macro trends and challenges and with a specific focus on the growing prominence of private assets, the surge in secondaries investments, and family office engagement with digital assets and sustainable investments.

CSSF spotlight on AIF valuations

CSSF spotlight on AIF valuations – looming deadline

Luxembourg Market Pulse - December 2023

Welcome to our EY Luxembourg Market Pulse and Regulatory Updates. Our publications cover a broad range of topics to enrich your understanding of investment funds in Luxembourg. We hope you find the content insightful.

How bold action can accelerate the world’s multiple energy transitions

Our energy system is reshaping at speed, but in different ways across different markets. Three accelerators can fast-track change. Learn more.

The Luxembourg securitization market continues to show positive trends during the Q2 2023

An analysis on the Luxembourg securitization market during the Q2 2023 by our EY experts.

How financial firms can prepare for the 2024 regulatory landscape

Financial services firms will need to prioritize both event-driven and existing regulations to capitalize on untapped opportunities. Learn more.

Central Electronic System of Payment information (CESOP): are you prepared for the go-live?

With the continuous development of electronic payments, a Central Electronic System of Payment Information (CESOP), has become an essential tool to fight against VAT fraud at the European level. According to the October 2023 report “VAT Gap in the EU” by the European Commission, the VAT gap for 2021 is expected to be EUR 61 billion.

    Your membership

    Join AIF Club

    The team