Aerial drone Shot of Abbey in Clervaux, Luxembourg in mystery evening twilight

Private Debt in Luxembourg: Market trends and structuring considerations

Private debt has evolved from a niche alternative to a cornerstone of global capital markets. Previously a supplemental financing option, now a strategic imperative for businesses seeking flexibility and resilience in an uncertain economic landscape. 

Luxembourg, in this context, has firmly established itself as Europe’s leading hub for private debt funds, including loan origination strategies, driven by regulatory flexibility, investor appetite, and its reputation as a cross-border fund domicile. 

24.7%
Luxembourg’s private debt market grew by 24.7% in assets under management (AuM) between December 2023 and December 2024

Luxembourg’s private debt market grew by 24.7% in assets under management (AuM) between December 2023 and December 2024.

This brochure highlights the five key trends shaping the strategies and investments of forward-thinking private debt houses. It then explores critical considerations for fund managers entering the Luxembourg market: tax, accounting and flexibility.

Private Debt in Luxembourg: Market trends and structuring considerations

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Aerial drone Shot of Abbey in Clervaux, Luxembourg in mystery evening twilight

The team

Vincent Remy

EY Luxembourg Partner, Private Debt Leader
Dynamic. Team player. Problem solver. Fan of many things in life. Proud husband and father.
Luxembourg, Luxembourg

Marie-Laure Mounguia

EY Luxembourg Partner, Private Equity Leader in Assurance
Extensive experience in Private Equity and Private Debt. CFA charter-holder and Réviseur d’Entreprises. Co-chair of the LPEA Private Debt Technical Committee. Practicing yoga and hiking.
Luxembourg, Luxembourg

Osman Yildirim

EY Luxembourg Accounting Compliance & Reporting services (Tax ACR) Partner
Harmonizing and digitalizing the processes to provide high-quality accounting and reporting deliverables. Leading the training programs for accounting courses for several years.
Luxembourg, Luxembourg

Norman Finster

EY Luxembourg Consulting Partner, Alternative Investments Leader
Consulting partner focused on private assets. Wine and classical music lover.
Luxembourg, Luxembourg

Zeeshan Ahmed

EY Luxembourg Private Equity Partner, Luxembourg Infrastructure Funds Leader
Respect differences in team management. Proud husband and father of three kids. Loves cricket and travelling.
Luxembourg, Luxembourg

Laurent Capolaghi

EY Luxembourg Partner, Private Equity Leader, Managed Services Leader
Entrepreneur, passionate and keen to assist our clients navigating the changing landscape of private equity.
Luxembourg, Luxembourg

Jens Schmidt

EY Luxembourg Partner, Wealth and Asset Management Consulting Leader
Dedicated to embrace and manage change. Insightful adviser. Tech savvy. Passionate about achieving goals in teams.
Luxembourg, Luxembourg

Kyle Frasca

EY Luxembourg Financial Services Partner, US Technical Desk Leader in Luxembourg
US CPA, CFA and Luxembourg chartered accountant (Réviseur d’Entreprises). Passionate about developing the leaders of tomorrow. Married father of three and a lifelong musician.
Luxembourg, Luxembourg

Nicolas Gillet

EY Luxembourg Partner, Transfer Pricing Leader
Leader of one of the largest Transfer Pricing teams in Luxembourg. Passionate about ski and tennis.
Luxembourg, Luxembourg
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