Luxempart

Luxempart

Luxempart was established in 1988 by the Leesch and Tesch families, the entrepreneurial owners of Foyer. François Tesch serves as Honorary Chairman. The firm operates from its headquarters in Leudelange with advisory offices in Paris and Munich. Luxempart deploys capital through direct investments and fund commitments. Direct equity lines range from EUR 25-100m per position in majority or active minority stakes, targeting France, DACH, Benelux and Northern Italy. Confirmed holdings include Mirato Group, MTWH, Kestrel Vision, Assmann and alphacaps. The fund program commits $100-150m annually to lower-middle-market buyout and growth managers in the US and Europe, supplemented by secondaries and co-investments. Geographies span Europe and North America with sector exposure in financial services, healthcare, industrials and technology. The firm lists on the Luxembourg Stock Exchange and reports its net asset value publicly. It maintains membership in the Luxembourg Private Equity Association. John Penning, Managing Director and YPO member, oversees operations. In 2025 Luxempart initiated a succession process for its Managing Director. Adjacent vehicles include participation in Fondation de Luxembourg. Luxempart functions as a listed single-family office with an internal team that sources and manages both direct deals and external manager relationships. This structure allows permanent capital deployment without finite fund cycles while preserving family control over investment policy and succession.