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Assets under management in Luxembourg-domiciled Loan Funds has reached €49billion, according to a study by KPMG on behalf of ALFI, the Association of the Luxembourg fund industry.
This is a 23.5% increase over the past year, reflecting the increasing momentum of non-bank financing across Europe and beyond and demonstrating the appeal of Luxembourg as a domicile for alternative investment funds.
These Loan Funds comprise a variety of strategies, the predominant ones being Senior Loans (35%), High Yield (22%) and Direct Lending (18%). According to KPMG’s survey, 66% of investors in these funds are institutional investors. Roughly 27% of investors are either HNWIs, private banks, family offices or sovereign wealth funds. 7% of assets are held by retail...
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