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ARTICLE · 06 MAY 2024

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ELTIF – The Next Generation

Arthur Cox
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Recently, the European Long-Term Investment Fund ("ELTIF") has undergone several changes. The newly-enhanced framework will be attractive to fund managers looking to provide long-term investment options.

IrelandFinance and Banking
Kevin Murphy
Kevin Murphy
Siobhan McBean
Siobhan McBean
Dara Harrington
Dara Harrington
Ian Dillon
Ian Dillon
Tara O'Reilly
Tara O'Reilly
Cormac Commins
Cormac Commins
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Introduction

Recently, the European Long-Term Investment Fund ("ELTIF") has undergone several changes. The newly-enhanced framework will be attractive to fund managers looking to provide long-term investment options to retail and professional investors alike. In this briefing, we take a look at what this next-generation ELTIF offers, recent developments and the current state of play in Ireland and at EU level.

Evolution of the ELTIF

The ELTIF is a type of EU Alternative Investment Fund ("AIF") which is managed by an Alternative Investment Fund Manager ("AIFM"). ELTIFs were intended to contribute to financing the European economy by channelling capital towards long term investments, in line with the European Union ("EU") objective of smart, sustainable, and inclusive growth.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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