Definition and purpose of the ELTIF:

The ELTIF is an authorised and regulated vehicle, qualified as a European Alternative Investment Fund (AIF), and having as purpose to invest in businesses that need long-term capital. The ELTIF must be managed by an authorised European Alternative Investment Fund Manager (AIFM) in accordance with the Alternative Investment Fund Directive (AIFMD) and especially approved to manage the ELTIF. As an AIF, an ELTIF duly authorised in Luxembourg can take any legal form available in Luxembourg.

Investors and European passport:

The ELTIF benefits from the European passport and can be marketed in the European Union to its professional investors and also to retail investors in compliance with AIFMD, (but the AIFM could discretionarily decide to reserve it only to professional investors).

 

Please click here to get to the article: eltif.pdf.