top of page

Welcome to PALANA !



The Luxembourg Alternative Administrators Association (L3A) is pleased to welcome PALANA S.A. as a new Associate Member.



Read this short interview of Benjamin COLLETTE, Partner.





 


1° Can you outline the history and activity of your company in a few words?

 

Palana is part of a group of companies providing Advisory, Managed Services and Technology to Asset Managers and Asset Servicers across all asset classes.

We support our clients through the complete value chain of their fund launch, management and distribution/fund raising and provide regulatory assistance combined with regulatory, institutional and investor reporting solutions as well as fund registration support. Our team is composed of senior experts in regulation, financial crime/AML, technology and operational matters.

Our group is composed of Palana and Palana Services, created in 2021, and Avanterra, a fintech created in 2012 and services fund ranges across all of the European Union, the United Kingdom as well as Cayman and the United States.



2° You have recently decided to join L3A - what are the key reasons behind this?

 

Given our current size and continued growth, we believe it is now the right moment to invest time in contributing to the Luxembourg asset servicing industry and supporting its ecosystem.

The Alternative Assets represent a significant segment of our market and joining a dynamic and expert association will allow us to actively engage in further developing and promoting Luxembourg’s unique selling points as an Alternative Asset domicile. The challenges that we will need to overcome as an industry in the areas of talent attractiveness, regulatory compliance, tax developments, operational efficiency, etc. act as a real motivating factor to better connect with other industry experts and join forces to carve tomorrow’s Luxembourg successes as a group of experts.



3° What do you believe you can offer to L3A and the alternative administrator provider ecosystem?

 

With our team of senior experts in key areas: regulation, compliance, financial crime, operational efficiency, technology, artificial intelligence, etc., combined with our diverse base of alternative asset manager clients originating from many countries and of all sizes, provide us with a broad perspective and knowledge on their day to day questions and issues which we can relay within working groups and actively work to resolve with our peers.

Eventually, our main objective is that the local alternative administrators continue to develop an undisputed value proposition for our Fund and Manager clients.



What do you see as the greatest opportunities offered by Luxembourg in the alternative administrator provider market? What are the main challenges to be tackled in order to capitalise on these opportunities?


Luxembourg has firmly established itself as a global hub for alternative investment funds, offering unique opportunities for alternative fund administrators as reflected by its leading position as a domicile for all alternative asset classes but hedge funds.

 

Its stable regulatory framework, extensive double-tax treaty network, and expertise in cross-border fund administration make it a prime destination for servicing alternative asset managers worldwide. The interconnectivity of Luxembourg with other fund domiciles enhances its appeal, allowing administrators to service funds, any underlying structures (SPVs) as well as the investor vehicles (LPs) from multiple jurisdictions efficiently. Additionally, the market benefits from a highly skilled, multilingual workforce that enables seamless communication with clients across various regions. The country’s focus on private equity, real estate, infrastructure, and private debt funds further drives demand for tailored administrative services.

 

Digital transformation presents another significant opportunity… or a challenge depending on whether you look at it from a glass half full or half empty perspective. Luxembourg is actively promoting the use of innovative technologies like AI-driven compliance tools and advanced data analytics to improve fund servicing. Administrators investing in these tools can offer more efficient and transparent solutions, gaining a competitive edge. Furthermore, the growing emphasis on Environmental, Social, and Governance (ESG) considerations by investors creates new opportunities for administrators to provide value-added services, such as ESG reporting and compliance.

 

However, there are challenges that need to be addressed to fully capitalize on these opportunities. One key challenge is the never ending complexity of regulatory compliance requiring constant investment in expertise and operational systems, which can sometimes be overcome through mutualisation. Another pressing issue is talent attraction and retention. The rapid growth of the market has intensified competition for skilled professionals in regulatory compliance, AML/CTF matters and expert fund administration, making it essential to enhance Luxembourg’s attractiveness as a career destination.

 

To make the most of these opportunities, alternative administrators in Luxembourg should focus on three key areas: leveraging technology to enhance efficiency, building or mutualizing expertise in compliance and reporting, and creating robust talent acquisition and retention strategies.

By tackling these challenges proactively, Luxembourg-based administrators can strengthen their position as global leaders in alternative fund servicing.

 





Commentaires


bottom of page