Caroline Pimpaud

Partner
Very responsive, providing clear guidance, and helping understand market practices and how they’ll impact business. 
— Legal 500
Luxembourg
About

Caroline Pimpaud has a strong experience in the areas of investment management and funds. She advises major asset managers on complex cross border transactions.

She focuses on the structuring and formation of Luxembourg alternative investment funds under the form of regulated or non-regulated vehicles for private equity, venture capital, real estate, debt and infrastructure asset managers. Caroline is assisting clients on all legal and regulatory aspects of the funds and management companies formation. She also regularly advises major investors on their investment fund review for their investments in Luxembourg and non-Luxembourg based investment funds and in their negotiations with fund managers (DFIs, institutional investors, insurance companies...). She has also expanded her knowledge in investment funds litigation matters (removal of managers, liquidation, default).

Caroline has led the Investment Funds and Corporate teams in Luxembourg since 2024.

She is a regular speaker at industry events and has authored and co-authored several articles focusing on investment funds.

Areas of FocusCorporateInvestment Management and Funds
Bar AdmissionsAvocate admitted to the Paris BarAdmitted to the Barreau de Luxembourg under her professional home title

EXPERIENCE

Caroline’s relevant experience includes advising:

  • Ardian France on the structuring of their pioneer investment fund platform dedicated to the semiconductor industry.
  • Alpha Intelligence Capital on the structuring, setting up and launching of a Luxembourg investment fund investing in the sector of artificial intelligence and technology assets, with a focus on Series A and Series B companies.
  • An insurance and reinsurance group and its portfolio manager on the structuring, implementation and launch of two Luxembourg multi-compartments and multi-strategy reserved alternative investment funds (RAIF), mainly focused on real estate and debt assets.
  • A Swiss investment management firm by conducting several analyses to evaluate the eligibility of potential target investments in accordance with Regulation (EU) 2015/760 on European Long-Term Investment Funds (ELTIF Regulation) for potential investment by a Luxembourg multi-compartment reserved alternative investment funds.
  • A France-based leading European venture capital firm in life sciences, specializing in healthcare and sustainability on the structuring and establishment of the carried interest and co-investment structures in Luxembourg.
  • A real estate investment management firm on the structuring, establishment and launch of parallel fund structures in Luxembourg, co-investing with their US based investment funds, as well as on the establishment of their Luxembourg AIFM.
  • Sovereign wealth funds, development finance institutions and asset managers on their investments into Luxembourg investment funds targeting private equity, infrastructure, real estate and debt-related assets, including the negotiation of side letters and other investor documentation with fund managers.
Languages
  • English
  • French

Awards

  • Caroline is rated as "Up and Coming" in Investment Funds by Chambers Global 2025 and Chambers Europe 2025
  • Caroline is rated as a "Rising Star Partner" in Investment Funds by IFLR 1000, 2023-24
  • "If there is a grey zone and the law has to be interpreted, she is pushing to help her client using her experience in the market." Chambers Global 2025 and Chambers Europe 2025
  • "We highly appreciate working with Caroline Pimpaud. She is very responsive and able to monitor complex issues." Chambers Global 2025 and Chambers Europe 2025
  • "Caroline Pimpaud is an open, flexible and transparent lawyer who reacts quickly." Chambers Global 2025 and Chambers Europe 2025
Education

  • Admission to the French Bar exam, HEDAC, Lawyer School, Versailles, France 2010.

  • Master's Degree in Corporate Law, University School of Law, Lille, France, 2008

  • Master's degree in Management with specialization in Tax and Law, EDHEC Business School, Lille, France 2008.

Publications

  • ELTIF 2.0 implemented in Luxembourg, 11 February 2025
  • Final version of RTS for ELTIFs adopted by the EU Commission, 25 July 2024
  • Exploring AI: An attractive investment opportunity for alternative investment funds?, AGEFI Luxembourg, 13 June 2024
  • Competitive Update of the Luxembourg Investment Funds Toolbox Facilitates Alternative Investments and Future Retailization, Private Equity Law Report, 30 November 2023
  • LP-led Secondaries: Trends, opportunities and key considerations, AGEFI Luxembourg, 10 November 2023
  • Law – Modernization of the Luxembourg Investment Funds Toolbox, 26 July 2023

Seminars

  • "The Luxembourg PE Toolbox" at the Luxembourg Private Equity & Venture Capital Association Seminar in Warsaw, 21 November 2024
  • How to set up your VC fund in Luxembourg ? LPEA Insights Conference, 17 October 2024
  • DORA for AIFMs: meeting the challenges of compliance, 11 July 2024
  • "The Luxembourg PE Toolbox and Legal Evolutions" at the Luxembourg Private Equity & Venture Capital Association Seminar in Stockholm, 25 April 2024

Prior Experience

  • 2021-to date: Partner, DLA Piper Luxembourg
  • 2019-21: Counsel, DLA Piper Luxembourg
  • 2010-19: Managing Associate, Magic Circle Law Firm, Luxembourg

Memberships And Affiliations

  • Member of the Private Equity/Venture Capital committee of the Association of the Luxembourg Fund Industry (ALFI)
  • Member of the Legal committee of the Luxembourg Private Equity and Venture Capital Association (LPEA)
  • Member of the Private Equity Women Club of the Luxembourg Private Equity and Venture Capital Association (LPEA)

My latest insights

Publication

Financing Ukraine’s reconstruction: How Luxembourg funds can mobilise capital with EU and...

17 October 2025

Publication

ELTIF 2.0 implemented in Luxembourg

11 February 2025 .3 minute read

Publication

Exploring AI: An attractive investment opportunity for alternative investment funds?

18 June 2024 .8 minute read

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Phone

+352 26 29 04 2044
(Work, Luxembourg)
+352 621 667 531
(Work)