ELTIFs
European Long-Term Investment Funds (“ELTIFs”) are
regulated EU alternative investment funds (“EU AIFs”),
managed by EU alternative investment fund managers (“EU
AIFMs”), that are designed to invest in “real
economy” asset classes, such as credit, private equity
venture capital, energy, infrastructure, and real estate.
The ELTIF has undergone several recent changes and the enhanced
framework is proving attractive to fund managers looking to provide
long-term investment options to retail and professional investors.
Unlike the AIFMD marketing passport which is limited to
professional investors (i.e., a MiFID “professional
client”), ELTIFs can be distributed on a cross-border, pan-EU
basis to both professional and retail investors.
