With the clouds of Mario Draghi’s damning competitiveness report hanging over the EU, private equity and venture capital leaders in Luxembourg are due to discuss AI, automation and improving operations at an annual conference for an industry that is facing high stakes.
“AI will impact every aspect of the industry,” said Luis Galveias of the Luxembourg Private Equity and Venture Capital Association (LPEA) ahead of an annual conference that will this year address digital disruption and operational management as two focus areas.
The LPEA Insights conference on 17 October is due to bring together 800 players from the private equity and venture capital industries, including 80 limited partners and more than 250 general partners.
“Different types of players use different strategies and that is something we want to showcase,” said Galveias in an interview. The topic is particularly important in a place like Luxembourg, which focuses heavily on fund management, the chief operating officer said. “Operational management is also key because we are in an industry that needs to prove itself all the time, needs to show returns. Therefore, the management of the fund itself can be a catalyser for creating value.”
We are in an industry that needs to prove itself all the time
Luis Galveias
LPEA, COO
AI adoption and digital transformation on the other hand is crucial in reshaping private markets.
“We see that AI will impact every aspect of the industry. It will have an impact on how some support functions operate in Luxembourg. It will also impact the way some investment solutions are selected. So, we see that there is a lot of focus on automation,” said Galveias.
This year’s conference will host a dedicated PE-tech stage which will showcase some of the “cutting-edge technologies shaping the PE-VC sector, with many innovations being driven by Luxembourg based firms,” the LPEA said in a press release.
A second stage, the “toolbox” stage, will highlight topics like merger and acquisition transactions, fund financing solutions for private equity funds and sessions with venture capitalists.
Also read:From PE Hub to PE Tech Hub
The Draghi plan for private equity?
In addition, the conference will also focus on broad themes like the role of private equity in empowering growth, the oncoming headwinds for the sector, and possible new agendas including a session on what the Mario Draghi plan for Europe might mean for private markets.
This may be our last opportunity to make our continent competitive
Christophe Verboomen
Invest Europe, senior public affairs manager
The former president of the European Central Bank in September published a report that outlined his blueprint for improving Europe’s competitiveness. The report recommends as one of the measures unlocking the ability of institutional investors to commit capital to long term equity funds and private equity.
Also read:Draghi says EU at risk without huge spending and joint debt
“It also calls for an increase in the budget of the European Investment Fund (EIF) and an improvement in the public VC funding environment in Europe and, more broadly, a move away from an EU budget approach based on small, regulatory-based objectives to finance more strategic projects that can truly leverage private funding,” said Christophe Verboomen, senior public affairs manager at Invest Europe, an association of private capital providers. Verboomen will be speaking at the LPEA conference on the topic.
The recommendations of the report are important to consider to re-energise private markets in Europe, he said. “The report creates a momentum and its main quality is to remind us that this may be our last opportunity to make our continent competitive. Although there are a few things missing from the report – for example, the changes that need to be made to the EU definition of an SME to allow more innovative companies to be eligible to this status – it broadly raises the right points,” Verboomen said.
Also read:Luxembourg’s VC funds see light at the end of tunnel
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Publish date : 2024-10-17 03:09:00
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