Private Equity Funds

I. PRIVATE EQUITY FUNDS IN LUXEMBOURG

Introduction

The Grand Duchy of Luxembourg is one of the world's leading fund domiciles and is the leading private equity fund centre in Europe. With nine of the 10 largest private equity firms worldwide doing business from Luxembourg, it is an attractive jurisdiction in which to domicile private equity funds for many reasons, including its stable political environment where traditional political parties and policy makers, regardless of their position on the political spectrum, work together to ensure that Luxembourg remains a leading investment fund centre.

Beyond this, Luxembourg's corporate laws and regulations are flexible and competitive, and Luxembourg offers a wide range of partnership and corporate vehicles, each adaptable in its own right, to allow partners and shareholders to tailor the management and general governance of such vehicles to their specific needs. In addition, the Luxembourg tax framework is regarded