Silke Bernard is partner and global head of investment funds at the law firm Linklaters. Photo: Bob Voirgard

Silke Bernard is partner and global head of investment funds at the law firm Linklaters. Photo: Bob Voirgard

The European Parliament voted to formally approve amendments to the European Long-Term Investment Fund (Eltif) regulation in February 2023. Following publication in the EU’s official journal, they entered into effect on 9 April. Delano talked about the impact of these changes with eight industry figures.

As part of this series, we asked , partner and global head of investment funds at the law firm Linklaters, about how Eltif 2.0 would impact Luxembourg, in particular from a legal point of view. Bernard told Delano:

“Eltif 2.0 will extremely positively impact Luxembourg. What differentiates Luxembourg from other countries is that we have a very flexible toolbox--we have a number of different alternative investment fund vehicles that can be used to build Eltifs. We’ve also built up a real expertise in Eltifs over the last few years.”

Bernard stated: “I think it’s fantastic. We have all the tools, the flexibility--you can combine different vehicles with different legal forms, you can build and shape your Eltif as you want--the service providers, the expertise and the knowledge. Almost everybody--the fund industry, sponsors, the CSSF--is looking into Eltif with a lot of appetite. There’s a bright future ahead and a very nice role to be played by Luxembourg.”

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