LendInvest to increase investment in Luxembourg
LendInvest has strengthened its presence in Luxembourg as it looks to prepare for a post-Brexit future.
The firm has become a fellow of Luxembourg House of Financial Technology (LHoFT), a centre where finance and technology are used to develop new solutions in financial services.
LendInvest has had a presence in Luxembourg since 2014 when it established its first Luxembourg-domiciled fund. Last year it raised almost £100m of new capital for the fund, which now manages over £150m of assets.
Christian Faes, co-founder and chief executive of LendInvest, said: “Thinking ahead to a post-Brexit world, the make-up of which still isn’t clear, it’s important to us to ensure we’re well established in Europe’s number one investment hub.
“Luxembourg is the obvious mainland European base for us. A solid presence there helps us prepare for whatever the Brexit future might look like.”
He added: “As our presence in Luxembourg grows, we look forward to becoming a more active and engaged advocate for Luxembourg’s FinTech ecosystem, just as we have been in London for a number of years.
“We’ve been impressed with LHoFT’s work to forge a vibrant FinTech movement in Luxembourg, which seems to have buy-in from the biggest financial services businesses in the county as well as backing from the government. “
LendInvest will hire additional staff in Luxembourg over the months to come as the company’s fund investment activity expands.