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Mensuel de octobre 2025 - Fonds d’investissement

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Semi-liquid funds: Luxembourg’s next frontier in private markets
By Marie-Laure MOUNGUIA, EY Luxembourg Partner, Private Equity Private Debt Martin PACAUD, EY Luxembourg Senior Manager, Assurance Services   Semi-liquid funds are transforming global asset management. By combining private market returns with periodic liquidity, they offer investors an unprecedented balance of yield and flexibility. Already a fast-growing segment in the US, they are now gaining momentum in Europe, where Luxembourg is positioning itself as the reference hub. Just as UCITS once defined liquid investing, semi-liquids could become Europe’s next flagship with Luxembourg leading the way.   Breaking the binary choice   For decades, investors faced a stark dilemma: daily liquidity through...
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