
The 'very strong' team at Linklaters 'covers all the relevant areas of expertise', particularly for fund managers in the alternative asset space, as well as a growing offering for insurance companies and pension funds as fund investors. The 'very accomplished and collaborative' team head Silke Bernard effectively marshals the office's resources, often working in unison with lawyers from throughout the firm's vast international network of offices on cross-border matters. As well as fee-earning work, Bernard spearheads the office's industry efforts promoting the retailisation of private funds. 'One of the leading experts in the field of fund formation in Luxembourg', Martin Mager is across all relevant alternative asset classes, including impact funds, and is also spearheading the office's growing investor-side offering. The 'commercial' Claire Prospert 'has a flexible mindset to try and make client objectives work', including for some high-profile US private equity sponsors, as well as in the context of retail products. Now in his position as of counsel following his retirement from the partnership, Hermann Beythan has vast knowledge across a broad range of fund mandates, including the creation of AIFMs and other regulatory issues.
Testimonials
Collated independently by Legal 500 research team.
- 'It is a very strong team that covers all the relevant areas of expertise.'
- 'Good understanding of the business, good connection with the regulator too.'
- 'Silke Bernard is very accomplished and collaborative.'
- 'Martin Mager is one of the leading experts in the field of fund formation in Luxembourg. His German tax and regulatory background is perfect for us as a German investment manager setting up Luxembourg funds.'
- 'Claire Prospert is a rising star. She is commercial and has a flexible mindset to try and make client objectives work - she is more than just a "black letter" lawyer.'
Key clients
- HSBC Asset Management
- Union Investment
- UBS/Credit Suisse
- Gen II Fund Services
- GAM
- Generali
- Aquila Capital Investmentgesellschaft mbH
- responsAbility Investments AG
- Blue Earth Capital AG
Work highlights
- Advising Union Investment on the establishment of UniPrivatmarkt Infrastruktur ELTIF.
- Advising Aquila in relation to the setup of their first ELTIF Part II Fund (named AC Blue Planet ELTIF). The ELTIF intends to target primarily renewable energy and infrastructure assets sourced from Aquila Capital’s development pipeline which may be in development, under construction or operational.
- Advising GAM on the restructuring of 10 Luxembourg-based private label funds from their management company GAM (Luxembourg) S.A. (GAM Lux), to Carne Global Fund Managers (Luxembourg) S.A.
Lawyers


Practice head
The lawyer(s) leading their teams.
Silke Bernard