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By Anne-Marie NICOLAS, Partner, Adrien PIERRE, Partner Marco HUSKIC, Senior Associate, Loyens Loeff Luxembourg
The role of debt funds in the global debt market has been steadily increasing since the financial crisis in 2008. In the Grand Duchy of Luxembourg total assets under management of debt funds reached EUR 510 billion by December 2023, with a growth of 21.5% in just six months.(1)
After having initially emerged as debt-participants purchasing the debt on the secondary market, the debt funds’ role as debt-originators has noticeably increased in recent years: currently, the split between debt-originating and debt-participating funds is approximately 50-50 with a small portion of funds doing both. The activity has also shifted...
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