Adrien welcomes Stéphane Pesch, CEO at the Luxembourg Private Equity and Venture Capital Association (LPEA), to the show. In the context of the growing influence that the private equity (PE) industry exerts in Luxembourg, they discuss the role of the LPEA in underpinning this trend. A strong ESG proponent, Stéphane walks Adrien through the various initiatives that the LPEA has launched to help its members keep up with the recent requirements. Also, they talk about how the LPEA vividly promotes greater diversity in private equity, which is mainly male dominated. Finally, they explore options pertaining to opening up PE investment opportunities to smaller retail investors who normally don't get access to this more exclusive asset class.