Multi asset manager Candriam has announced the launch of an European long-term investment fund (Eltif) aimed at the private capital market.
The Luxembourg-domiciled fund has been launched in partnership with Kartesia, a European specialist investment manager.
According to a statement, the fund will target “private debt opportunities across the European lower mid-market landscape”.
It will be available to investors in Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Portugal, Sweden and Spain, pending the completion of the necessary filing.
The fund will be made up of two buckets – a liquid short-term corporate credit and money market one comprising 15% of the fund and managed by Candriam, and an illiquid component of private credit strategies accounting for the remaining 85% of the fund and managed by Candriam.
Eltifs have become more popular in recent months since the revised 2.0 framework came into effect in 2024 with the aim of making the fund structure more accessible to a wider range of investors.
“Retail investors have struggled to access private markets, but Eltif 2.0 changes that,” said Renato Guerriero, deputy CEO and chief sales and distribution officer at Candriam. “In the current interest rate environment, with banks lending less money, there is a clear opportunity in the lower mid-market private debt in Europe.”
