Munich Private Equity has launched the first ELTIF to be approved by the German Federal Financial Supervisory Authority (BaFin).
The fund of funds enables retail investors to invest in a variety of privately held mid-market companies in the European Union with a minimum investment of €5,000.
The investment focus will be on the lower mid-market and exclusively on target funds and companies in the European Union.
“We have been offering retail investors access to private equity through our German asset management company since 1999 and have a long history of constructive and successful cooperation with BaFin in the area of product approval. This is why we are issuing our first ELTIF in our core market,” says Norman Lemke, CEO of Munich Private Equity.
The MPE Mid Market Private Equity ELTIF is based on the firm’s security-oriented fund-of-funds concept with retail investors participating in an entire portfolio of various institutional private equity target funds with a focus on the lower mid-market and thus in numerous medium-sized companies in various industries and EU countries.
Two target fund investments have already been made.
