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Laxman Pai, Opalesque Asia: The private debt has seen a growth of 51% in assets under management between June 2022 and June 2023, and the asset class has €404bn ($443bn) in total AUM, according to a study.
The Association of the Luxembourg Fund Industry report is based on data provided by the 12 depositaries surveyed, which represent 1,495 funds (or sub-funds) investing in private debt. This includes regulated funds and indirectly supervised investment vehicles, such as reserved alternative investment funds (Raif), specialized investment funds (Sif), and special limited partnerships (SCSp).
"We still see some phenomenal growth in this asset class," Julien Bieber, alternative investments partner at KPMG Luxembourg said during a press briefing. Between June 2022 and June 2023, private debt has seen an average growth of 51% in assets under management, and the asset class has €404.4bn in total assets under management. This is "quite sizeable," he noted.
The report also includes trends in the proportion of regulated and unregulated vehicles. In 2023, there were more regulated debt funds (55%) compared to unregulated vehicles (45%).
The proportion of specialized investment funds (Sif) has been decreasing over the past years, dropping from 67% in 2020 to 38% in 2023, found the survey. On the other hand, the proportion of Raifs has increased, rising from 28% in 2020 to 53% in 2023.
Luxembourg special limited partnerships made up around 85% of unregulated...................... To view our full article Click here
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