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Private Funds Manager: Jurisdictions Fight to Attract Private CapitalOctober 02, 2018
Partner John Daghlian noted that Luxembourg is a jurisdiction that has become very attractive to private equity investors in recent years. “In the past, service levels in Luxembourg were much lower and the cost of professionals was much higher than in the Channel Islands. That's been changing and since Luxembourg enacted new laws bringing in English-style limited partnerships, which are much more flexible than historic Luxembourg vehicles, and with the impetus given by Brexit and expectations of how AIFMD will be applied post-Brexit, Luxembourg while still expensive has become more attractive,” he observed.