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Since the Global Financial Crisis, alternative lenders have proved to be a key additional source of funding for start-ups, SMEs and midmarket companies which account for broadly 99% of EU businesses – when traditional bank lending is not always in a position to deliver. This diversification of the financing source is a priority of the EU’s agenda as outlined in its Capital Market Union plan.
In the wake of the COVID-19 pandemic and its far-reaching impact on EU businesses, alternative lenders will have an even more important financing role. This is once again fully supported by the EU (for instance, via the recent increased flexibility of the EU securitization framework).
With a proven track-record for fund structuring and distribution, Luxembourg is the number one EU jurisdiction for asset managers launching a debt fund.
EY Luxembourg, supported by the EY network, has extensive experience and dedicated specialists (audit, tax, valuation, regulatory advisory, etc) working at different stages of the debt fund (design, launch, running, exit) taking into account the different types of strategy, the preference of both the managers and LPs as well as requirements applicable in borrowing jurisdictions.
Featured articles
The reverse hybrid rules - navigating the practical implications of the Exemption for Collective Investment Funds
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.
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.
Increase in credit risk among banks: a gateway for private debt
We explore the impacts of emerging trends, such as the surge in private debt investment in the global and European markets, at the Luxembourg market level.
Renforcer l’attrait de la boîte à outils des fonds d’investissement
Un projet de loi omnibus visant à moderniser le texte luxembourgeois sur les fonds est en vigueur depuis juillet 2023.
Loan funds and AIFMD 2: Where do things stand?
Loan funds and AIFMD 2: Where do things stand?
A welcomed modernization of Luxembourg’s fund toolbox - Draft Law 8183
A welcomed modernization of Luxembourg’s fund toolbox - Draft Law 8183
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.