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The jurisdiction has set out to expand its private investment fund regime with two new proposed routes for managers looking to establish vehicles there.
Private debt funds domiciled in Luxembourg rose to a record €108.4bn, with an average AUM growth of 36.2% from 2019 levels.
Implications to consider when established US managers want to take their operations over the pond and target EU investors directly.
Corinne Lamesch, The Association of the Luxembourg Fund Industry
A sharp pandemic-driven decrease in fund assets in Luxembourg has been reversed.
The moves represent an ongoing blurring of distinctions between off-shore domiciles used by private funds, says one industry lawyer.
Cayman Islands’ revised and expanded Private Funds Law 2020 aims to get the jurisdiction on EU finance ministers’ good books in October.
Guernsey has launched a fast-track system for migrating managers and their investment funds to the jurisdiction.
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