Private debt: How Luxembourg leads the way for private debt

KPMG Luxembourg, in collaboration with ALFI, are pleased to present you the fifth edition of the Private Debt Fund Survey. 

This year’s publication highlights – from a uniquely Luxembourg perspective – the emerging and evolving trends of this asset class which continues to thrive and grow despite the global pandemic. In a year that saw private debt become an essential part of investors’ portfolios as well as the impact of regulation both in Luxembourg and abroad, the private debt fund market has yielded some interesting data. The 2021 edition of the Private Debt Market Survey is one you will not want to miss. 

181.7 billion AUM

+40.6% average growth

+16% growth of the RAIF
(compared to 2019)

A year of growth

It’s been another year of growth for the private debt market, proving itself once again as a strong asset class. With €181.7 billion in AUM now, there was an impressive 40.6% average growth this past year. Trends seen in the past continue to gain traction; the report shows that 36% of private debt funds are structured as RAIFs (up 16% compared to 2019) and that Europe continues to be the geographical investment target of choice with 44% of respondents. 

In this report, learn about the following trending topics:

  • Private debt fund structures
  • The rise of ESG
  • Reshaping international taxation
  • Quotes and experiences from depositaries themselves
  • Regulatory outlook for private debt
  • Key data from respondents

Private debt fund survey 2021