Structuring & Market Trends in Private Funds
What fund managers are doing today and what they are preparing for next
Fund launches are taking longer, investor scrutiny is higher and distribution choices are more complex. In this context, structuring decisions are no longer just legal or technical, they are commercial.
Arendt has contributed to the LPEA Structuring & Market Trends Paper (December 2025), alongside other members of the LPEA Private Funds Committee. The publication brings together market data, industry feedback and hands-on experience from across the Luxembourg private funds ecosystem.
A paper grounded in market practice
The Structuring & Market Trends Paper looks at how private funds are actually being set up today, and why certain structures continue to be favoured over others.
Rather than promoting one-size-fits-all solutions, it reflects the choices fund managers make when balancing:
- investor expectations
- regulatory access
- operational complexity
- time to market
Insights are based on a dedicated 2025 market survey, industry data and the experience of practitioners working closely with fund sponsors.
Key questions addressed
The paper explores questions fund managers regularly face, including:
- Where does Luxembourg fit in global and European fund platforms?
- Which vehicles are most commonly used for institutional strategies, and why?
- When do regulated structures still make sense?
- How are managers approaching private wealth and semi-retail distribution?
- What is driving the growth of evergreen and hybrid fund models?
- What does current market sentiment suggest for the next fundraising cycle?
Why is it relevant to you
This publication is relevant if you are:
- planning a new fund launch or relaunch
- expanding your investor base into Europe
- considering private wealth or retail-style access
- reviewing whether your existing structures are still fit for purpose
The paper helps put current market trends into context, so the structuring choices you make are aligned with how investors, regulators and distributors are behaving today.
Download our publication
LPEA Structuring & Market Trends Paper (December 2025)
Arendt’s perspective
Arendt advises fund sponsors across private equity, private debt, real assets and alternative strategies, supporting them from structuring and formation through to distribution and ongoing operations.
Through its involvement in the LPEA Private Funds Committee, Arendt contributes to market-driven analysis and practical guidance shaped by real-life transactions and fund launches.
Contact our experts
If you would like to discuss how these market trends may affect your current or future fund structures, Arendt’s private funds team would be pleased to speak with you.
Adrian Aldinger
Partner
Maria Rodriguez
Senior Associate