Behind Every High-Performing Fund Manager is a Trusted Partner: The Luxembourg AIFM Growth Story

How JTC AIFM’s commitment to exceptional service, institutional governance and regulatory excellence is helping asset managers focus on what they do best: creating value, growing portfolio companies and delivering performance for investors.

The latest CSSF AIFM Reporting Dashboard confirms the continued strength of Luxembourg’s alternative investment industry. AIFs managed by Luxembourg AIFMs reached approximately EUR 2.7 trillion in assets under management at the end of 2025¹, representing annual growth of around 10%. Private Equity remains the dominant strategy, accounting for approximately EUR 916 billion, or 33% of the market2, and continues to be one of the fastest-growing segments of the industry.

Against this backdrop, the real question for asset managers and service providers alike is no longer whether the market is growing, but how to grow faster than the market while maintaining the highest standards of governance, transparency and client service.

At JTC Global AIFM Solutions, we are proud to have achieved just that.

Our 2025 annual report shows that the assets under management of funds serviced through our AIFM platform increased by approximately 33% over the 12-month review period, materially outperforming the overall Luxembourg AIFM market growth rate³. While favourable market dynamics have undoubtedly contributed to this success, we believe that our growth reflects something more fundamental: a business model built around partnership, service excellence and an unwavering commitment to our clients’ success.

Growth Is Earned Through Partnership: Building Trusted AIFM Services

In the alternatives industry, sustainable growth is rarely the result of short-term wins.

The most successful managers are those able to execute consistently, raise successive vintages and create long-term value for their investors. Likewise, the most successful alternative investment fund managers are those that become trusted partners rather than simply regulatory providers.

As JTC AIFM, we have always viewed our role differently.

Our objective is not merely to provide an AIFM licence. Our objective is to build an environment in which investment managers can focus entirely on delivering investment performance while we take care of the governance, regulatory oversight for alternative funds, risk management and operational complexity that sits behind every successful fund.

This approach has resulted in many of our strongest growth stories coming from existing relationships. As sponsors launch successor funds, co-investment vehicles and new investment strategies, JTC AIFM services continue to evolve alongside them, supporting their ambitions at every stage of their development.

For us, this is the most meaningful measure of success: when clients choose to grow with us.

Allowing Investment Managers to Focus on What They Do Best: AIFM Platform Complexity Management

Private markets have become increasingly sophisticated.

Investment managers are expected not only to identify attractive opportunities but also to support portfolio companies throughout their growth journey. They work closely with management teams, help businesses expand into new geographies, improve operational performance, optimise capital structures and create sustainable long-term value.

This is where investment managers create value. It is not through regulatory reporting, governance documentation or managing increasingly complex compliance obligations.

Today, managers must navigate AIFMD compliance requirements, AML/CFT obligations, DORA, ESG regulations, SFDR disclosures, valuation frameworks, delegation oversight and an ever-expanding regulatory landscape.

These obligations are necessary, but they should not distract investment professionals from their primary objective: generating returns for investors and helping portfolio companies succeed.

Our mission is to absorb that complexity at JTC Global AIFM Solutions.

By providing a fully integrated AIFM platform, we allow investment teams to remain focused on sourcing investments, supporting portfolio companies, raising capital and delivering performance. Our clients should spend their time creating value, not managing regulatory burdens.

In practical terms, this means helping investment managers remain focused on what matters most: investment performance, investor confidence and the growth of the companies in which they invest.

We believe this client-centric philosophy is one of the key reasons behind the continued growth of our platform and the loyalty of our client base.

Service Delivery Remains the Ultimate Differentiator

The Luxembourg market offers many competent providers.

What differentiates firms over the long term is not simply the availability of an AIFM licence or a regulatory framework. It is the quality of the fund governance services delivered every day.

Asset managers increasingly need partners capable of combining AIFM governance expertise with commercial pragmatism. They require responsive decision-making, experienced professionals, constructive challenge and solutions-oriented thinking.

Service delivery remains at the heart of everything we do JTC Global AIFM Solutions.

Our teams work closely with sponsors, boards, service providers and investors to ensure that AIFM governance supports growth rather than constrains it. We seek to provide institutional-quality oversight while maintaining the flexibility and responsiveness that entrepreneurial and institutional managers require.

In a market where fundraising remains competitive and investor expectations continue to increase; this approach matters more than ever.

Positioned in the Right Areas of the Market

The CSSF data reinforces several trends that align closely with JTC’s Global AIFM Solutions strategic focus.

Private equity continues to represent the largest share of the Luxembourg AIFM market and remains one of the fastest-growing segments, with approximately 15% annual growth. Private credit and debt-related strategies are also becoming increasingly important as institutional investors seek diversification, yield and exposure to private markets.

These are precisely the asset classes where JTC AIFM solutions have developed significant expertise.

Our AIFM platform supports a broad range of private market asset managers, many of whom continue to launch successor funds and expand their investment programmes.

As private markets continue to grow globally, we expect demand for high-quality governance, regulatory substance and AIFM platform oversight solutions to increase alongside them.

Looking Ahead: The Future of Luxembourg AIFM Services

The Luxembourg alternatives industry continues to demonstrate remarkable resilience and momentum.

Yet what excites us most is not the growth of the market itself. It is the opportunity to help our clients grow alongside it.

At JTC Global AIFM Solutions, we believe our recent performance reflects the strength of a simple but powerful philosophy: put clients first, remove complexity, deliver exceptional service and create the conditions that allow investment managers to excel.

Our role is to ensure that sponsors can focus entirely on what they do best: finding opportunities, supporting companies, creating value and delivering performance for investors.

While they focus on growing their businesses and their portfolio companies, we focus on everything required to support that success.

That partnership model has enabled us to grow ahead of the market.

We believe it will continue to do so for many years to come.

¹AIFM Reporting Dashboard

² AIFM Reporting Dashboard

³Annual Report – JTC