|
By Marcel BARTNIK, Partner, Bonn Schmitt
Private Debt Funds are a fairly recent phenomenon in terms of alternative asset classes, but they are certainly on the rise. This category of financial products investing into existing loans in the private sector (loan participating funds) or issuing loans themselves (loan origination funds) have seen a tremendous increase in interest: In the past year alone, their assets under management in Luxembourg have increased by no less than 45% pursuant to a recent survey performed by ALFI and KPMG.
Although still a fairly small market segment in absolute figures compared to private equity or real estate, with around 268 billion EUR in assets under management in Luxembourg, the last few years, with...
|