The team will be led by four partners: Christophe Diricks (tax), Alexandre Prost-Gargoz (tax, focusing on accounting and administration), Nick Tabone (audit) and Xavier Zaegel (advisory and consulting, focusing on valuation).

“Many people believe private debt is just another instrument for private equity or real estate, but the reality is that it is a whole different asset class with its own requirements and needs.” explains Alexandre Prost-Gargoz.

The Private Debt sector, which encompasses both the primary market corresponding to the origination of loans - a traditional activity of the banking sector - and the secondary market corresponding to the acquisition of previously issued debt instruments, is a fast expanding and continuously evolving market.

“Copy pasting structures that were efficient for private equity deals does not work since these solutions do not take into account the complexity of cash flow and liquidity needs of private debt lenders.” explains Christophe Diricks.

The service offering from Deloitte Luxembourg structures around four core competencies combining expertise in tax, accounting and administration, as well as audit and valuation. It has been designed to assist debt managers and specialist service providers at each stage of the process.

More details on this service can be found online at: www.deloitte.com/lu/brochure/private-debt-sector