Berlin-Based bunch Enters Luxembourg Market Following Investment in LFS

On Tuesday 10 November 2026, Berlin-based private markets platform bunch announced the completion of its investment in Luxembourg Fund Services SA (LFS), following regulatory approval from Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).

The transaction, which closed on Friday 23 October 2026, sees bunch acquire a shareholding in LFS Holding SA, joining founder Massimo Longoni and CFE Finance Group as shareholders. Massimo Longoni has become Chairman of the LFS Board, while bunch co-founder Levent Altunel has joined the Board.

The investment marks bunch's entry into Luxembourg as a regulated fund administrator, combining LFS' fifteen years of local expertise with bunch's technology platform, which currently serves more than 150 fund managers, 500 investment structures and 12,000 investors across Europe.

According to the company, LFS clients will continue working with their existing teams while bunch gradually introduces its technology over the coming months. The initial rollout will focus on investor onboarding, capital calls and investor reporting, before expanding to fund accounting and compliance.

The partnership also brings together LFS' expertise in fund administration, corporate services, transfer agency and domiciliation with bunch's artificial intelligence (AI)-powered fund operations platform.

Enrico Ohnemüller, co-founder and CEO of bunch, commented: "Fund administration has always been a people business, and that will not change, because trust is a currency you can't buy. What changes is what those people can do when software and AI work alongside them. Luxembourg built the fund product the world trusts. Now the market is asking for infrastructure that moves at its speed, and that’s what we’re here to build."

Massimo Longoni, founder and Board Member of LFS, as well as founder of GE Lux SA (formerly Groupe Electa), said: "This milestone marks the beginning of the next phase, the 5.0, of LFS development. A construction that started more than a year ago, built fundamentally on the same positive values."

Levent Altunel, co-founder of bunch and Board Member of LFS, added: "Luxembourg doesn’t need another software vendor. It needs administrators who can take on more funds, more investors and more reporting without the error rate going up."

Founded in 2021, bunch operates from Berlin in Germany, London in the United Kingdom (UK) Amsterdam in Netherlands and Luxembourg, providing digital infrastructure for private market fund operations, including investor onboarding, fund administration, accounting and tax reporting.