The European Commission has unveiled its proposed amendments to
the European Long-Term Investment Fund regime on November 25,
following extensive consultation with members of the investment
industry. The changes are intended to make the framework more
attractive to asset managers and especially retail investors for a
fund framework that has hitherto struggled to gain traction.
The ELTIF rules were introduced in December 2015 to encourage
private investment in long-term assets such as physical
infrastructure, notably from individual as well as institutional
and professional investors. As of the beginning of October 2021
just 57 ELTIFs with around €2.4 billion in assets had been
established across Europe, with Luxembourg the most popular
domicile home to 26 funds, followed by France, Italy and Spain.
