Finance

€6.4 trillion and counting: how AIFMD II reshapes Luxembourg's fund factory in 2026

CSSF data show Luxembourg-domiciled funds at €6,436 billion at end-February 2026, up 8.04% over twelve months, with private debt vehicles growing 24.7% in 2024. The new AIFMD II regime, which member states must transpose by 16 April 2026, tightens loan-origination rules and reshapes liquidity management — recasting the Grand Duchy's edge.