Dive into Private Equity and Venture Capital

Private Equity Business Certificate

LPEA & SHU Partnership

The Luxembourg Private Equity & Venture Capital Association (LPEA) and the Jack Welch College of Business & Technology at SHU have joined forces to create a business certificate for Luxembourg professionals, specifically designed to focus on Private Equity: The Private Equity Business Certificate Program. Together, the LPEA and SHU developed a comprehensive curriculum that offers a unique opportunity to deep-dive into Private Equity and Venture Capital.

Education & Knowledge are Key Pillars of LPEA’s Mission

This joint initiative is the first of a long-term development in Luxembourg that aims at enhancing the skill set of newcomers and current practitioners in Private Equity and Venture Capital, while embracing the University’s “Learn Today, Apply Tomorrow” mission.

You’ll gain first-hand insight from seasoned professionals and experts on how best to apply what you learn, into your current business or future career.

Luxembourg Private Equity & Venture Capital Association

The Luxembourg Private Equity and Venture Capital Association (LPEA) is the most trusted and relevant representative body of private equity and venture capital practitioners with a presence in Luxembourg.

Created in 2010 by a leading group of private equity and venture capital players in Luxembourg, with 280 members today, LPEA plays a leading role locally actively promoting PE and VC in Luxembourg.

LPEA provides a dynamic and interactive platform which helps investors and advisors to navigate through latest trends in the industry. International by nature, the association allows members to network, exchange experience, expand their knowledge and grow professionally attending workshops and trainings held on a regular basis.

Private Equity is one of the Best Performing Asset Classes.

Over the past decades, the industry has consistently grown to exceed €4 trillion in assets under management. Those distributions, combined with the poor performance and volatility linked to traditional asset classes, have driven a number of new investors to enter the Private Equity world.

Luxembourg is one of the most popular jurisdictions for private equity and venture capital. Whilst historically a local presence in Luxembourg was limited mostly to smaller and/or emerging General Partners, many large international houses have set up and conducted business out of Luxembourg since the middle of the last decade with a considerable and growing local substance.

The Alternative Investment Fund Managers Directive (AIFMD) introduced new organizational requirements and specific disclosure rules regarding AIFMs managing AIFs which acquire control of non-listed companies and issuers. Focus shifted from well-known product regulation to manager regulation.

The alternative investments industry accepted the challenge and is governed today by a framework that is eligible to develop into a brand, just as the UCITS Directive.

PE managers appreciate Luxembourg's business friendly environment and they have embraced the introduction of the Reserved Alternative Investment Fund (RAIF), which completed the Luxembourg investment fund toolbox by a manager-regulated alternative fund.

In a fast changing environment, the industry is however facing challenges of an economic and regulatory nature. While Luxembourg has been active in the Private Equity field for more than two decades, until recently very few large investment vehicles were established there. In this new paradigm, the appetite for the Luxembourg fund structuring toolbox has increased beyond expectations. The diverse range of vehicles, from unregulated to regulated products, together with the asset class expertise developed over the years within the professional community and the CSSF are key factors of this collective success.

This shift is driving a strong demand for skilled employees who understand how the industry operates in its entire value chain—from fund structuring through to operations and exits.

The Private Equity Business Certificate Program aims to meet the growing demands of the industry by delivering both engaging and challenging courses, providing participants with tailored curriculum and professional insights to develop new skills and knowledge directly applicable to the day-to-day business operations.

Program Structure

  • 1 Year, Part-time, Flexible start date
  • 4-8 courses (12 credit hours total), 6-9 hours per week

    Courses are academically accredited at the graduate level

  • Diverse set of perspectives across industries, professional experience, and academic disciplines
  • Attend courses with students from a variety of backgrounds and companies, ensuring exposure to a broad range of learning experiences
  • Apply credits earned to an MBA degree

    Completed courses may be applied toward the MBA Degree (additional application requirements are necessary)

Curriculum Features

  • Private Equity & Other Alternative Asset Classes
  • Blockchain & Big Data/Cryptocurrencies
  • Operations of Private Funds
  • Mergers & Acquisitions
  • Portfolio Management
  • Behavioral Finance
  • Corporate Finance
  • Resilient Portfolios
  • Risk Management
  • Credit Risk

Key Outcomes

Provide you with key insights into the Private Equity market in Luxembourg

Overview of different elements of a successful operation of a Private Equity fund

Understand the opportunities and functioning of the Alternative Asset classes and the Private Equity market

Lectures by and discussion with practitioners of Alternative Asset market segments

Who Should Apply?

Management professionals in all industries who want to add to or enhance their project management skills

Managers and project team members who have some experience but want to expand their knowledge

Individuals preparing for a master’s program

Individuals wishing to switch from general business or marketing into a career in management

Program of Study

12 Credits for Certificate Completion

Required Course

Private Equity & other Alternative Asset Classes (3 CH)

October 5, 2020 - November 30, 2020

This course provides an overview of and discusses the details of different alternative asset classes. Different types of alternative assets, such as Private Equity, Venture Capital, Real Estate, Infrastructure and Private Debt, their strategies, actors and structures applied are presented in this course. A general overview including but not limited to fundraising, typical transactions valuation, value creation, exit strategies and tax structuring will be followed by individual in-depth lectures on different asset classes. Practitioners such as fund managers, lawyers and auditors will be participating in the course and give a first-hand insight into their activity. The course is conceived as more detailed discussion of the alternative asset universe. It targets specifically financial sector professionals in Luxembourg with an aim to develop in alternative assets and Private Equity in particular, but it can as well provide a sound basis for anyone who aims to start a career in Private Equity and alternative asset classes.

Class Dates and Times +
Day Date Time
Monday 5-Oct-2020 18:30 - 21:30
Tuesday 6-Oct-2020 18:30 - 21:30
Saturday 17-Oct-2020 14:00 - 17:00
Monday 26-Oct-2020 18:30 - 21:30
Monday 2-Nov-2020 18:30 - 21:30
Tuesday 3-Nov-2020 18:30 - 21:30
Monday 9-Nov-2020 18:30 - 21:30
Monday 16-Nov-2020 18:30 - 21:30
Tuesday 17-Nov-2020 18:30 - 21:30
Monday 23-Nov-2020 18:30 - 21:30
Saturday 28-Nov-2020 09:30 - 12:30
Monday 30-Nov-2020 18:30 - 21:30


Course Instuctor

Jens Hoellermann, MBA


Choice of 9 Credits (CH) in Finance Electives

Blockchain & Big Data/Cryptocurrencies +

The course aims at providing a hands-on introduction to blockchain, distributed ledger and crypto-currencies. The course will address three major topics: 1) Use cases for blockchain technologies in supply chain management and payment systems as well as tokenization of assets. Secondly, the course will detail how blockchain technology is implemented using different programming frameworks (Ethereum and Hyperledger). The third topic is the design of payment architectures based on blockchain. More specifically, the class will focus on the Interledger protocol developed by Ripple as a key element to achieve global interoperability. (3CH)

Course Instructor

Radu State, Ph.D.
Mergers & Acquisitions +

Mergers and Acquisitions tend to be the most visible, time-consuming, high-risk and high-reward transactions that companies get involved in. Substantial amounts of management time, strategic thinking, and capital are invested into getting them right. The consequences for all stakeholders of this kind of transaction are most of the times very significant. It’s hard to exaggerate the strategic importance of M&A deals to the organizations and the people involved. In addition to their financial importance, they also excite emotions, as they tend to create winners and losers. The course is designed to cover all aspects of M&A transactions, from analysis and preparation to valuation of the target company, implementation and results.

Course Instructor

Tony de Luca, MBA, M.S.

Portfolio Management +

The objective and purpose of this course is to provide an in-depth discussion of the modern development in investments and portfolio management. Both theory and empirical evidence will be discussed. We will also learn insights from the latest findings in behavioral finance and how to incorporate them in the management of a portfolio.

Course Instructor

Nicolas Martelin, Ph.D., MBA

Behavioral Finance +

The objective and purpose of this course is to provide an in-depth discussion of the modern development in behavioral finance. Both theory and empirical evidence will be discussed. We will review the decision-making process along with the different biases and paradoxes that go with it, learn about Prospect Theory, study the formation and burst process of speculative bubbles, and introduce other fields (sociology, behavioral biology, neurosciences, and philosophy) in the understanding of financial markets.

Course Instructor

Nicolas Martelin, Ph.D., MBA


Corporate Finance +

Corporate Finance expands upon the principles and techniques of financial management to apply the concepts of the maximization of firm value, the time value of money, marginal cash flow analysis and risk to a range of financial management decisions including financial forecasting, valuation, capital budgeting, the determination of the costs of capital, optimal capital structure, distribution decisions, mergers & acquisitions, and project financing. The course engages students to actively apply concepts and techniques relating to the above areas through the extensive use of case studies. Students will be designing financial models in Excel to analyze problems and will be asked to explain their results and decisions during class discussion. Both quantitative and qualitative strategic considerations will also be debated. Special attention will be played to the identification of key value drivers, justifying and questioning assumptions, conducting sensitivity analysis, and doing what managers do: making-, explaining-, and defending decisions.

Course Instructor

Zoltan Horvath, Ph.D., MBA
Resilient Portfolios +

The idea behind this series of four lectures is to convey some simple decision rules for investing money in the short-term while keeping an eye on the long-term objective of a portfolio. We will try to examine under which conditions a sequence of short-term decisions may lead to the satisfaction of a long-term investment objective, such as retirement.
In order to do that, we will rely upon samples of readable texts from well-known short-term market viewers such as editorials from the FT or Market Perspectives presentations from well-known Market Strategists. We will also look into long-term issues, such as financial planning for retirement purposes in light of the behaviour of stock and bond markets over a 20 year period. The objective of the course is to deliver a toolbox complete with simple decision rules, to assist in the process of portfolio selection. It is intended to deliver “math-light” lectures. Students should understand the statistical concept of mean and variance and the financial concept of the discounting factor.

Course Instructor

Bernard Herman, MBA

Risk Management +

The complexity of the global financial system makes understanding risk management essential for anyone working in, or planning to work in, the financial sector. As the real economy is also exposed to financial risk, risk management has become more important to non-financial corporates and institutions. Students will become familiar with financial risk assessment and management and the regulations applicable for financial institutions. They will learn how important market participants, such as banks, insurance companies, pension funds, mutual and hedge funds, are looking at risk measurement and management. Risk mitigation strategies are explained. Various risk types such as market risk (interest rate risk, currency risk, etc.), credit risk, operational risk, systemic risk are covered and risk management strategies and instruments are analysed. Recent risk management topics such as counterparty credit risk for derivatives, central clearing and collateralization will be covered. International regulations (Basel I-III, Dodd Frank Act) are studied in their historical development as well their most recent modifications aiming to prevent further financial crises.

Course Instructor

Thomas Schröder, Ph.D., Ph.D.

Credit Risk +

The complexity of the global financial system makes understanding risk management essential for anyone working or planning to work in the financial sector. As the real economy is also exposed to financial risk, risk management has become more important to non-financial corporates and institutions. This course will cover in particular credit risk. It will constitute a comprehensive coverage of topical credit risk related issues: credit risk rating, credit risk measurement and credit risk mitigation techniques. It will cover both single-name credit and multi-name credit. Finally, and on a purely optional basis, one supplementary session will cover the Vasicek Model, an elegant and closed-form credit portfolio model. Throughout the course case studies will put the theory learned into practice.

Course Instructor

Jean-Marie Magnette, MBA

9 CH of elective coursework is required for completion of the program.
Students may select their choice of elective courses in Finance.

* CH: Credit Hours
3 CH = 12 class sessions of 3 hours, 36 hours of class contact
2 CH = 6 – 8 class sessions of 3 hours, 18 – 24 hours of class contact
1 CH = 4 – 5 class sessions of 3 hours, 12 – 15 hours of class contact

Admission requirements

TOEFL scores or other proof of English proficiency

Minimum score of 570

Relevant Work Experience

Minimum 2 years



Tuition excludes text books & €125 Admission fee. Living expenses are additional.

Please note that the course of “Private Equity & other Alternative Asset Classes” can be taken independently, separate from the Certificate. The course fee amounts to Euro 1,950.


Enroll anytime

Application Form

Frequently Asked Questions

What is a Certificate program? +

Certificate programs are graduate-level, advanced studies in specialized skills. Develop new skills and build expertise in a specialized area to update your professional profile, advance your career, or broaden your knowledge base. You can earn a professional graduate certificate at SHU in Modern Business Management, Global Leadership, Investment, or Finance.

How many courses are there in the Certificate program? +

There are 4 courses in each certificate program. These series is unique to the Certificate you choose.

Can certificate courses count towards an MBA? +

Yes, of course! Credits can be transferred to the MBA program and tuition fees will be adjusted. Meet with the SHUL office staff for more details.

What are the differences between the US and the EU campuses? +

The same SHU MBA program exists in two places--Fairfield, Connecticut (USA) and Luxembourg City, Luxembourg (EU). The university in Luxembourg is a branch of the Jack Welch College of Business of the US campus. However, MBA with Internship program is only offered in Luxembourg.

At SHU in Luxembourg, additional course material may be discussed surrounding European policy and viewpoints i.e., in Accounting and Law . The  Luxembourg courses are either taught by full-time US main campus professors  or Luxembourg-based practitiones with strong academic qualifications.. All classes can be taken in class, although on-line classes for a few courses are also available.

Once accepted into the MBA program in Luxembourg, you are matriculated as a student on the main campus in Fairfield and always have the option to take courses in the US.

Quality education and a high caliber of academic standards are the most important components of a university, how do you choose your professors?

Sacred Heart’s approach to managing the quality of the student learning experience and providing public confidence in the quality and standards of higher education all boils down to the right choice in professors who understand what it is like to be an entrepreneur and work in a corporate environment.

When can I start the Part-time MBA, Welch with Internship, or Certificate program? +

The Welch MBA and Certificate programs are ongoing programs that allow you to start at almost any time of the year.

The Welch MBA with Internship starts every year in mid-August or mid-July if foundation courses are required..

Application deadlines are:
European/EEA students - 30 June of the year you start the progam
All other students - 1 April

What is the process for a student visa for non-EU students? +

Student visas will only be granted to students who are enrolling in the MBA with Internship  program. Once students have been admitted to the university, they will need to  apply for a student visa. Our staff will help you with the visa process. IMPORTANT: This process can take 3 to 4 months.

Do I need to have a university degree to do a Certificate program at SHU? +

No, you do not need a university degree to participate in this program. Please contact us to evaluate your professional work experience.

Do I need to take the GMAT? +

You do not need to take the GMAT if you have :

  • A graduate degree from an accredited institution, or a J.D., PhD. or M.D.
  • A professional certification i.e. CPA, CFA, CMA, CIA or CFP
  • A SHU Certificate with a min GPA of 3.5
  • 5+ years of substantive work experience
Do I need to do TOEFL/ IELTS if English is not my first language? +

Maybe. As part of our supportive learning environment, we want to set you up for success. A lack of English proficiency can be a serious obstacle to your performance in the MBA program. If you did your studies in English or you worked in an English speaking environment for several years you don’t need to pass an English test.

Our staff can assist in assessment and finding tutoring if required.

Can I transfer credits from my previous school? +

Sacred Heart University is an accredited university. If you have taken some courses at other accredited universities, our academic review board will review the syllabus for each course and more than likely the credits will be transferred directly to your SHU program here in Luxembourg.

I’m accepted. What do I do now? +

We recommend meeting with the Academic Director to plan your course of study. At this meeting, you will review the order of courses necessary to complete the degree and how your availability fits exactly into completing the coursework. All schedules can be tailored made for the student.

Our short programs