Group photo;
Credit: Johann Herz
The Luxembourg Private Equity & Venture Capital Association (LPEA) has published its 2025 Annual Report following its Annual General Meeting (AGM), highlighting strong membership growth, the launch of a new 2025 to 2030 strategy and the election and re-election of ten Board members.
The AGM took place on Wednesday 17 June 2026 at the premises of BNP Paribas in Luxembourg-Kirchberg, bringing together representatives of Luxembourg's private capital industry. During the event, LPEA reported a 17.4% increase in membership in 2025, welcoming 104 new members and bringing its total membership to 701 by the end of the year.
The LPEA also presented its new five-year strategy, built around the pillars "Defend", "Attract" and "Educate & Connect". According to LPEA, the strategy aims to strengthen Luxembourg's position as a leading private markets hub by supporting the country's competitiveness, attracting international investors and encouraging knowledge sharing and collaboration across the sector. At the same time, the strategy places a strong emphasis on fostering knowledge sharing, delivering meaningful networking opportunities and supporting members through education, collaboration and the promotion of industry best practice.
The association also outlined its public advocacy work during 2025, including contributions to discussions on the implementation of AIFMD II, private debt, artificial intelligence (AI), anti money laundering requirements and valuation practices.
During the meeting, keynote speaker John Penning reflected on his ten year experience as Managing Director of Luxempart and discussed the development of both Luxempart and the Foyer Group. He also confirmed that, once his successor has been appointed, he will step down as Managing Director of Luxempart while remaining on the company's Board of Directors and leading the newly created Executive Committee of Foyer Finance SA.
Members also renewed one third of the LPEA Board with the following representatives:
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Martine Kerschenmeyer, Advent International;
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Jacob Bang-Olsen, Astorg;
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Tudor Sambritchi, Blackstone;
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Estelle Beyl Vodouhe, The Carlyle Group;
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Antoine Servais, CVC Capital Partners;
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Mehdi Van Renterghem, EQT;
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Bjorn Tremmerie, European Investment Fund;
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Hans-Jürgen Schmitz, Mangrove Capital Partners;
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Sophie Bajwa, Marguerite;
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Claude de Raismes, Wendel.
After congratulating the newly elected Board members, Hind El Gaidi, Head of Luxembourg at ICG and President of the LPEA, stated: "Luxembourg continues to reinforce its role as a leading European hub for private capital, and LPEA remains committed to supporting its members and contributing to the development and resilience of the ecosystem."
Stéphane Pesch, CEO of the LPEA, added: "2025 was marked by celebration, renewal and progress. As we commemorated the LPEA's 15th anniversary, broadened our international reach and delivered initiatives that brought our ecosystem closer together, we witnessed once again the strength and resilience of Luxembourg's private equity and venture capital community."
