BLI to launch new European equity fund

Banque de Luxembourg Investments (BLI) has announced the further launch of the BL-European Family Businesses fund on 7 December 2016.

The strategy will be managed by Ivan Bouillot, fund manager of the BL-Equities Europe fund since 2004.

The fund will invest in around 60 listed European family businesses regardless of market capitalisation and that will meet the manager’s criteria: a clear competitive advantage, strong profitability, a value-creating business strategy and attractive valuation.

For the manager. a company is considered a family business if at least 25% of its equity is owned by the person or family that founded the company or acquired the company’s capital, if the family has an active role in the company as a manager or a board member, and if there is a desire to preserve the company as part of the family’s wealth.

“One distinguishing characteristic of family businesses is that they are not driven by short-term financial objectives. Because of the family’s commitment to the next generation, the company naturally develops a long-term strategy with an underlying desire for continuity and resilience over time.

“Of course, growth and performance are also important, but these goals are balanced by socio-economic values that can strengthen the organisation and its position in the market,” said Bouillot.

BLI’s head of Sales Lutz Overlack specified : “Our strategy focuses mainly on manufacturers of personal and household goods, food and beverages and companies in the industrial, healthcare, chemistry and technology sectors.”

Banking and insurance, capital-intensive industries, commodities and telecommunication companies are excluded from all the funds in the BL funds range.

The BL-European Family Businesses fund will be distributed in the following countries: Luxembourg, Austria, Belgium, Denmark, Germany, Great Britain, Finland, France, Italy, Netherlands, Norway, Sweden, Switzerland, Singapore, Spain.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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