Laurent Capolaghi

Transformation: A matter of survival for alternative asset managers

Over the past few years, the alternative asset management industry has undergone profound changes driven by consolidation and increasing fee pressure from global institutional Limited Partners (LPs). These trends are reshaping the competitive landscape and forcing private equity firms notably to rethink their strategies. How can alternative asset managers adapt to these challenges and remain relevant in a rapidly evolving market?

Family-owned businesses: The role of private equity in succession planning

Family-owned businesses often encounter critical challenges during generational transitions, such as leadership gaps, financial constraints, and conflicting visions among stakeholders. Private equity (PE) firms are recognized as being instrumental in addressing these challenges and facilitating successful succession planning.

CSSF CIRCULAR 24/856: Tolerance Threshold Analysis and Corrective Actions – What is The Impact on Open-Ended vs. Closed-Ended UCIs? 

On 28 March 2024, the CSSF issued Circular 24/856 (the “Circular”) to establish a new regulatory framework for investor protection concerning NAV calculation errors and non-compliance with investment rules at the UCI level. Effective from 1 January 2025, this Circular replaces the previous CSSF Circular 02/77.

SFDR funds: The power of voluntary assurance

The Sustainable Finance Disclosure Regulation (SFDR) is undoubtedly considered as one of EU’s main tools in the context of its Sustainable Finance Action Plan Goals (and broader EU Green Deal), launched in May 2018 by the European Commission with the following three priorities: reorienting capital flows towards sustainable investments, managing sustainability risks, and fostering transparency.

Mid-year 2024 outlook: Our five key takeaways for European Private Equity

As we approach the second half of 2024, the European Private Equity landscape is at a crossroads, shaped by macroeconomic headwinds but also burgeoning opportunities. Let’s delve into the core aspects of the sector as it moves into the second half of the year, highlighting trends, challenges, and the strategic outlook for investors.

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.

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?

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.

Parallel fund structures: An optimal framework to meet the evolving needs of investors?

A popular approach in the private equity industry is the use of strategies involving parallel fund structures, where one or more investment vehicles operate as separate legal entities to the main fund, that being the primary fund that an asset manager sets up to pursue its investment strategy and attract capital from investors.

The boom of private equity FinTech: untapping retail investors

Factors driving the gradual reshaping of distribution in response to heightened interest in private equity include strong performance of private equity funds, individual desires for portfolio diversification, and emerging regulation in Europe which will soon broaden the access of private equity funds to retail investors.

ESG in private equity: marketing tool or value driver?

ESG in private equity: marketing tool or value driver?

A welcomed modernization of Luxembourg’s fund toolbox - Draft Law 8183

A welcomed modernization of Luxembourg’s fund toolbox - Draft Law 8183

The rise of GP stakes investing

The rise of GP stakes investing

Co-investment: a promising alternative to traditional private equity vehicles?

Co-investment: a promising alternative to traditional private equity vehicles?

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

Forestry Funds: The Emerging Star of Alternative Investments

Forestry Funds: The Emerging Star of Alternative Investments

Cross-sector point of view: ELTIF, the retail route for alternatives?

Distressed debt and special sits funds are back: why is Luxembourg well-positioned to structure such platforms?

The current geopolitical instability, spiraling inflation and energy prices, looming recession and massive supply chain issues, lead to an increasing risk of defaults, insolvencies and volatility.

Private Equity in CEE: the “New Eldorado”?

Why is Luxembourg an advantageous location for structuring debt platforms?

The current geopolitical instability has led to an increased risk of defaults, insolvencies and volatility. Find out more in Laurent Capolaghi and Vincent Remy's analysis.