Luxembourg Investment Vehicle Overview
The ELTIF, the "European long-term investment fund"
A pan-European regime for AIFS
In order to pursue its Europe 2020 strategy, the EU identified long-term finance as a crucial element for implementing the strategy.
To foster long-term financing, the EU created the European long-term investment fund. An ELTIF is designed to provide lasting financing to
various infrastructure projects, unlisted companies or listed SMEs that issue equity or debt instruments.
Application
EU objective
5
1
Structure
Capital-raising
3
AIFM
1
Raising capital towards European long-term investments in the real
economy, in line with the European objective of smart, sustainable and
inclusive growth
2 ELTIFS must appoint a fully authorised AIFM
ELTIFS can raise capital from institutional and retail investors across the EU
3 and the EEA using the EU Product Passport (AIFMD rules)
4 Any AIF can apply for the ELTIF regime
Closed-ended structure: redemptions not possible during the ELTIF's
5 lifetime - exceptionally after five years or the ELTIF's half-life point for a
defined amountView entire presentation