On October 5, 2016, a seminar organized by the Association of the Luxembourg Fund Industry (ALFI), Luxembourg for Finance and the Luxembourg Private Equity & Venture Capital Association explored Luxembourg’s evolving role in financial markets and the private fund space. H.E. Pierre Gramegna, Luxembourg’s Minister of Finance, provided opening remarks, and a panel of experts from Luxembourg law firms, asset managers, banks, consultants and other firms contributed insights on a variety of issues, including Brexit, the new Reserved Alternative Investment Fund structure, private credit, Luxembourg limited partnerships, tax reforms and management companies. PwC partner Steven Libby moderated the discussion. This article highlights the principal points raised during the program. For coverage of a prior ALFI event, see “NICSA/ALFI Program Considers Impact of AIFMD on U.S. Fund Managers” (Sep. 25, 2014).