Under the spotlight of the Luxembourg Wealth Management Awards 2026, in front of more than 220 wealth management decision-makers, Nadim Takchi, CEO and co-founder of Openstone, received theAlternative Investment Firm of the Year award, consecrating a remarkable trajectory in the private markets.
In just a few years, Openstone has established itself as a benchmark platform in the world of alternative investments, driven by a clear ambition: to offer private investors institutional access to the best strategies, without compromising on stringency, governance and risk control.
Inthis interview, Nadim Takchi shares the vision that guides Openstone's development, the foundations of its alternative allocations and the major dynamics that will shape private markets in the years to come.
Your Alternative Investment Firm of the Year award recognizes your positioning in the private markets. What does this recognition mean for your teams, your partners and the long-term vision you are building in the alternative universe?
Above all, this distinction is an external validation of a project that was built quickly, but with great care.
For our teams, it confirms that our innovative institutional approach applied to private investors is relevant.
For our partners, it's a sign of credibility: in just one year, Openstone has become an identifiable, reliable and committed player in the private markets.
In the long term, this confirms our vision: to build a benchmark European and global platform, capable of democratizing access to the best alternative strategies, without compromising on the quality of managers, structuring or governance.
Your approach is based on institutional-level selection in a fast-growing asset class. How do you manage to combine performance, diversification and risk control in your alternative allocations?
Our approach is based on several pillars:
- a selection of institutional-level managers with proven track records
- construction of multi-strategy, multi-millennium portfolios
- strong discipline in risk analysis, both in terms of funds and underlying assets
- complementary geographic, sectoral and strategic diversification.
We do not seek short-term performance.
We build robust, diversified allocations capable of delivering risk-adjusted performance over the long term.
With strategies like Openstone Yield, you cover the entire capital structure in private debt. Why is this multi-strategy approach a key driver of risk-adjusted performance for investors today?
Our approach not only covers all layers of the capital structure - senior, unitranche, mezzanine and opportunistic.
It's also based on a structuring that's unique in the market, combining closed-end and open-end funds within a single evergreen allocation.
This architecture enables us to :
- offer investors greater liquidity, distribution and flexibility
- capture the illiquidity premium and higher returns through closed-ended strategies historically reserved for institutional investors.
The objective is clear: to reconcile institutional returns with the constraints of the private investor.
In concrete terms, this enables us to optimize the performance/liquidity pairing, smooth out risk profiles and build portfolios capable of weathering different market cycles.
In an environment where credit is once again becoming central, this multi-strategy, multi-vehicle combination is a key lever for capturing value, while maintaining a strong discipline on the quality of underlying assets.
In an environment of more volatile traditional markets, where do you see the most attractive opportunities for alternative investments in the years ahead, and how are you positioning yourself to capture value?
We have identified several key areas of focus:
- private debt, against a backdrop of long-term bank withdrawal
- the secondary market, to capture attractive discounts and accelerate yield curves
- alternative real estate (logistics, specialized residential, data centers), buoyed by post-crisis momentum
- opportunistic strategies, linked to market tensions and dislocations
- infrastructure, which we believe accounts for a growing share of long-term value creation.
Our role is to identify these pockets of value, then make them accessible via vehicles adapted to the constraints of private investors, without ever abandoning institutional requirements.
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