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ELTIF – European Long-Term Investment Fund

learn more about the ELTIF regime for alternative investment funds

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Stefan Dr. Staedter

Head of Office, Partner

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ELTIF 2.0
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Definition of ELTIF

The European long-term investment fund (ELTIF) is a regulated pan-European regime for alternative investment funds (AIFs) adopted by the European legislator in 2015 and governed by the regulation on EU Long-Term Investment Funds (the ELTIF Regulation), which has been designed to be offered to both retail and professional investors across Europe.

ELTIFs may be considered to be a hybrid framework between the AIF and Undertaking for Collective Investment in Transferable Securities (UCITS) regimes, which aims at facilitating cross-border distribution through a European passport allowing fund managers to distribute their products on a pan-European basis.

ELTIFs serve to promote long-term European investments in the real economy by financing long-term projects such as infrastructure, private equity or real estate projects. In addition, it constitutes a suitable investment vehicle for bringing alternative investments to a sophisticated segment of Europe’s retail investor base, enabling retail investors to invest alongside professional investors and benefit equally from regular income streams or long-term capital growth.

Furthermore, ELTIFs also help to build the capital market union and hence complement European Venture Capital Funds (EuVECA) and European Social Entrepreneurship Funds (EuSEF).

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and about what makes ELTIF special on aspects such as:

Hybrid nature (UCITS/AIF)
Retail Marketing
Diverse eligible investment assets
Long-term investments
Closed-ended fund
Legal structuring possibilities in Luxembourg
The approval procedure in Luxembourg
Other European Labels (EuVECAs and EuSEFs)

Why choose Arendt for advice on ELTIF?

We are here to guide you through all the stages of your project. Thanks to our wide range of lawyers specialised in investment funds, with among them Luxembourg and internationally renowned top experts, and to our strategic worldwide implementation, we are ready to help you whether it is with complex projects or just assist you from time to time on specific questions. Our expertise in all kinds of funds, strategies and assets, as well as our experience with a broad range of managers, from small start-ups to boutiques and large asset managers, allow us to provide high-quality legal advice fitted to each special need of our clients.

Our active involvement in the Association of the Luxembourg Fund Industry (ALFI), allows us to serve as the voice of our clients and to make sure their concerns are adequately addressed.

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We offer our clients a global investment management platform, supported by our offices in the world’s leading financial centres, i.e. London, New York, Paris and Hong Kong, where we can provide local assistance in respect of Luxembourg legal matters and assistance on innovative and complex matters.

We work hand in hand with our dynamic regulatory and consulting branch (Arendt Regulatory & Consulting), building a bridge between legal advice and the practical approach needed to respond properly to the regulatory challenges you face.

Arendt Regulatory & Consulting

Also according to your needs for training, we can provide specialised and tailored courses through our Professional learning and development branch (Arendt Institute) to satisfy your increasingly complex needs, as well as to highlight the impact of legislative and regulatory developments on your global strategies.

Arendt Institute

In addition to our expertise in all queries regarding investment management, we have already gathered substantial experience within the scope of the ELTIF Regulation including the set up and structuring of ELTIFs as well as advising on day-to-day matters.

Investment Management

Private Equity & Real Estate

Focus on ELTIF 2.0

A discussion on the legislative amendment proposal to the ELTIF Regulation and its potential to increase the uptake of ELTIFs across the EU. Claude Niedner and Dr. Stefan Staedter focused on the following topics: