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The Managing Director, John Penning, commented on the year as follows:
2023 has been an active year for Luxempart with high levels of investments in both investment strategies, Direct Investments and Investment Funds. We deployed EUR 370m of capital, of which EUR 273m in three new direct lines in France and Germany and in several existing lines. We took commitments of EUR 107m in private equity funds. The geopolitical environment remained fragile and we saw in our core markets first signs of economic slowdown. Considering our high cash position at the beginning of the year (21% of our NAV), we are satisfied with our positive NAV performance of 8.3%.
Looking back on the last four years, we are proud with what our organisation and teams have achieved....
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