Master in Finance and Economics – Private Assets (2nd year)
University of Luxembourg
Information last verified July 2026
Program Overview
Master the mechanics of investing beyond the stock exchange. In this track, you’ll explore how private assets are financed, regulated, and deployed—and how they influence the real economy. Learn from top-tier faculty and practitioners at the center of Europe’s private asset ecosystem.
Key Program Features
- Requirements A unique academic–industry partnership in Europe’s private asset hub The Private Assets Track is embedded in an endowed chair
- co-financed by the Ministry of Finance
- the Association of the Luxembourg Fund Industry (ALFI)
- and the University of Luxembourg
- ensuring sustained academic excellence and strong ties to industry. The program is co-designed with leading practitioners from Luxembourg’s vibrant private asset ecosystem
- including experts in private equity
- real estate
- infrast
Career Opportunities
Objectives Learning outcomes Understand the private equity investment lifecycle, from fund structuring to portfolio management and exit strategies; Develop expertise in real estate and infrastructure investments, including valuation methodologies, market trends and risk assessment; Acquire knowledge of private debt instruments, such as direct lending and mezzanine finance, and their application in various market contexts; Master risk management techniques adapted to illiquid and alternative assets, including operational, regulatory and market risks; Assess the implications of legal and regulatory frameworks on private asset transactions and fund operations; Analyse the impact of macroeconomic and geopolitical factors on private asset investments. Apply advanced financial tools to optimise portfolio construction and evaluate investment performance; Understand the role of ESG (Environmental, Social and Governance) factors in the management of private assets and their integration into investment strategies; Identify emerging trends in private assets, such as the role of technology, innovation and sustainable investment practices. Career perspectives The Private Assets Track prepares students for careers in one of the fastest-growing segments of the financial industry. Developed in close cooperation with leading private asset managers, the Ministry of Finance, and ALFI, the track ensures strong alignment between academic content and the needs of Luxembourg’s financial center. This collaboration not only shapes the curriculum but also enhances students’ employability through internship opportunities, applied master theses, and professional networking. Graduates will be equipped with the knowledge and skills required to work in: Private equity firms and venture capital funds Real estate and infrastructure investment companies Private debt and alternative credit funds Fund administrators, legal and advisory firms Regulatory authorities and public financial institutions Cor
Program Curriculum
Programme Focusing on the growing importance of private equity, real estate, infrastructure, and private debt in today’s financial markets, this track equips students with the analytical tools and practical knowledge to understand how private assets are structured, financed, and managed. Emphasis is placed on the role of institutional investors, regulatory frameworks, and the societal impact of private capital. Developed in collaboration with leading practitioners, the programme bridges academic theory with real-world challenges in one of the fastest-growing sectors of the financial industry.Attendance at second year courses is compulsory. More details about the programme Academic contents Semester 1 and 2 Semester 1 and 2 Semester 3 Semester 4 The courses of the first year are part of the main common programme and not track specific. Master in Finance and Economics Learn more Course offer for Private Assets, Semestre 3 (2026-2027 Winter) 3.PAT1.Introduction to Private Assets ECTS credits: 6 Course code: MScFE_PA-1 Course title: 3.PAT1.Introduction to Private Assets Number of ECTS: 6 Course code: MScFE_PA-1 Module(s): Module 3.PAT: Specialisation – Private Assets Track Language: EN Mandatory: Yes Understand the Private Assets Ecosystem: Gain a comprehensive overview of the private assets landscape and Luxembourg’s pivotal role in it.Identify Key Players and Stakeholders: Recognize the roles and responsibilities of general and limited partners, as well as other key stakeholders.Navigate the Investment Lifecycle: Understand the stages of private assets investments, from fundraising to exits.Analyze Investment Styles and Trends: Evaluate different asset and investment styles and understand current trends such as digital transformation and ESG integration.Comprehend Legal and Regulatory Frameworks: Understand the legal structures and compliance requirements for private assets funds, particularly in Luxembourg.Evaluate Fund Performance: Assess fund performance and make i
Admission Requirements
Admissions To apply for a programme at the University of Luxembourg, candidates must comply with the general eligibility criteria for the chosen programme type and be selected by the study programme based on the quality of their application. The programme at a glance – 120 ECTS Duration: 2 years / 4 sem Teaching languages: EN Admissions: EU: 1 Feb 2026 – 24 May 2026 Non-EU: 1 Feb 2026 – 24 Mar 2026 Fees: 400€/ sem. (semester 3,4) Format: Full-time programme (Part-time student status allowed) Specific information for this programme Requirements To enter in the Private Assets track directly:– a 4-year BA degree in the field with 240 ECTs– a 3-year BA and 1-year Masters in the field achieving 240 ECTs– a specific and strong motivation for the chosen track– in addition, the applicants have to provide information how they achieved the learning outcomes at first year of Master level in the previous course of studies or during professional work. Thus, applicants need to supplement the admission file by providing the description of relevant modules/courses including the learning outcomes. All applicants whose native language is not English need to be able to demonstrate proficiency of English at B2 level (compulsory), (according to the Common European Framework of Reference for Languages – CEFR) Proof of language skills Selection procedure & criteria The application file is assessed by the Admissions Board. Applicants are evaluated and selected on the basis of the application criteria to the Master in Finance and Economics in general. (adequacy of the applicant’s educational or professional profile with expectations, including the applicant’s academic background, academic level assessed on the basis of transcripts (average, student rank if applicable), a strong motivation as demonstrated in the applicant’s cover letter. Applications have to be submitted exclusively online (Application period written above). We will evaluate the files on a continuous basis. For second year,
Tuition & Financial Information
Tuition Fee
400€/semester
About University of Luxembourg
University of Luxembourg
Esch-sur-Alzette, Luxembourg
The University of Luxembourg is a public research university in Esch-sur-Alzette and Luxembourg City, Luxembourg. It was founded in 2003 and is the only public university in Luxembourg.
University Profile- Application Deadline EU: 1 Feb 2026 – 24 May 2026 Non-EU: 1 Feb 2026 – 24 Mar 2026 Fees: 400€/ sem. (semester 3,4) Format
- Start Date September
- Language English
- Duration 2 years
- Credits 120
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