• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Alternative

Real assets trends identified around Alfi conference

Real assets trends identified around Alfi conference
  • Jonathan Boyd
  • Jonathan Boyd
  • 24 November 2017
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Research figures published by the Association of the Luxembourg Fund Industry (Alfi), and timed to its Private Equity and Real Estate Investment Funds Conference, have suggested that an increasing number of managers are looking to opportunities in real assets, via private equity, property and loans funds.

The figures, and the associated investment trends, are highlighted in three surveys:

Related articles

  • Lux based alternative fund assets experience sharp rise
  • Number of Luxembourg real estate funds grows at double-digit rate
  • Lux approves RAIF fund management vehicle
  • Growth continues for Luxembourg domiciled REIFs - ALFI
  • Real Estate Investment Funds (Reifs) Survey 2017 here
  • Luxembourg Private Equity and Venture Capital Investment Fund Survey here
  • Loan Fund Survey here

According to these, the first half of 2017 saw 43 direct funds launched into the Luxembourg Reif market, taking the total to 259 vehicles, including 10 investment companies in risk capital (Sicar).

The private equity sector meanwhile raised some $338bn over the first three quarters of 2017, up 18% on the same period last year. The sector has returned some $1.5trn to investors since 2013, the Alfi figures suggest. And considering the relatively poor performance and volatility associated with traditional asset classes in that period, it has contributed to driving more investors to enter the private equity space. That popularity comes with a challenge; it has become increasingly difficult to deploy capital efficiently.

Some 62% of private equity vehicles in Luxembourg are structured as specialised investment funds, however, interviews conducted for the survey found that private equity managers are likely to prefer unregulated Luxembourg limited partnerships or reserved alternative investment funds (Raifs) when investing in future.

Looking to the third key area of loan funds, the survey results suggest that the reduced bank lending in Europe in the wake of the financial crisis in 2008-9 is leading to increasing awareness among regulators and policymakers of non-bank intermediation and loan funds as an alternative source of financing for the real economy. Alfi’s survey, conducted by KPMG Luxembourg, expects the presence of loan funds in the jurisdiction to grow. Currently there is some €40bn of AUM in regulated loan funds as of mid-2017, up some 280% since 2015.

For those managers using Luxembourg vehicles for loan fund investments, some 78% are Sifs, while 60% of the top 10 players are or are planing to use Raifs.

The area of loan funds may become more complex as proposed OECD base erosion and profit shifting (Beps) rules come into effect, Alfi notes. However, the survey suggests managers already in Luxembourg do not intend to leave.

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Alternative
  • Alternative
  • Alternative Investments
  • Association of the Luxembourg Fund Industry (Alfi)
  • Property (Real Estate)

More on Alternative

HSBC AM unveils new alternatives investment team

  • Alternative
  • 17 February 2021
Janus Henderson Investors launches multi-strategy UCITS fund

  • Alternative
  • 03 June 2020
Law firm comments Esma shorting policy amid Coronavirus crisis

  • Alternative
  • 19 March 2020
Columbia Threadneedle suspends dealing in retail property fund

  • Alternative
  • 19 March 2020
AMX adds two to Irish operations

  • Alternative
  • 18 March 2020
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
Aviva announces exit from Turkey
Aviva announces exit from Turkey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading