# Luxempart

Luxempart is a Single Family Office based in Leudelange, Luxembourg.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Leudelange, Luxembourg
- **Region:** Europe
- **Address:** Leudelange, Luxembourg
- **Founded:** 1988
- **Assets under management:** €2.5bn
- **Website:** luxempart.lu
- **LinkedIn:** https://www.linkedin.com/company/luxempart/

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Industrial Tech
- FinTech
- InsurTech
- Media & Entertainment

## Offices

- Paris, France
- Munich, Germany

## People

- François Tesch — Honorary Chairman
- John Penning — Managing Director

## Questions

### Who runs investment decisions at Luxempart?

John Penning serves as Managing Director. The firm maintains an internal team that evaluates direct investments and selects external managers for the fund allocation.

### Does Luxempart participate in fund commitments or only direct deals?

Luxempart runs both programs. Direct investments target EUR 25-100m equity lines while the fund book commits $100-150m per year to US and European managers.

### What investment stages does Luxempart typically target?

The firm focuses on buyout and growth equity through direct stakes and fund commitments. It also accesses secondaries and co-investment opportunities.

### How does Luxempart source proprietary deal flow?

The firm leverages long-term relationships in Luxembourg, Belgium, France and Germany. It also maintains recurring commitments with a small group of sector-focused managers.

### Is Luxempart structured as a single family office or does it operate more like a venture firm?

Luxempart operates as a single family office with a listed holding company structure. It deploys permanent capital across private equity, listed securities and funds rather than raising external vehicles.

### What is Luxempart's known posture on co-investments alongside external GPs?

The fund program includes select co-investment and secondary opportunities alongside primary commitments to buyout and growth managers.

## Related profiles

- [Lupoli Companies](https://altss.com/profile/lupoli-companies-sam-lupoli-family-office)
- [Luz Capital](https://altss.com/profile/luz-capital)

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Last updated: 2026-08-10T15:54:10.904Z

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