The L.T. Funds

Founder Luigi Tommasini leads investment decisions. The firm operates with a lean team structure typical of European principal investment firms, with Tommasini directly overseeing allocation across the four strategy verticals. Final investment committee authority rests with him, consistent with the firm's founder-led governance model.

The L.T. Funds is structured as a Luxembourg SA — a public limited company — not a closed-end limited partnership. This provides permanent capital with no fixed fund life, indefinite hold periods, and the ability to reinvest proceeds without returning capital to LPs. It is regulated by the CSSF and operates as a principal investor rather than a fund manager raising third-party commitments.

The firm focuses primarily on Luxembourg, Italy, Switzerland, and broader Western Europe for direct private equity and real estate investments. Venture capital and private credit allocations include select exposure to North American opportunities, typically through co-investments alongside established GPs in those markets.

The firm uses both approaches. It makes direct equity investments in mid-market European companies and real estate assets, while also committing capital to select third-party venture funds and participating in co-investment vehicles alongside institutional partners. This hybrid approach provides diversification across manager skill sets and access to deals that exceed the firm's direct origination capacity.

The L.T. Funds does not publicly disclose assets under management. Based on the firm's observed deal activity, multi-strategy scope, and operational footprint, Altss estimates AUM in the range of $250 million to $500 million. No external publication has independently verified this figure.