European Long-Term Investment Funds (ELTIF) Regulation

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Chapter 41 in EU Banking and Financial Regulation, 2024, pp 425-432 from Edward Elgar Publishing

Abstract: Regulation (EU) 2015/760 on European long term investment funds (ELTIFs) (ELTIF Regulation) aims to facilitate the raising and channelling of capital towards long-term investments in the real economy, including towards investments that promote the European Green Deal and other priority areas, in line with the Union objective of smart, sustainable and inclusive growth. It is targeted at investment fund managers who wish to offer long-term investment opportunities to institutional and private investors across the EU using the Alternative Investment Fund Managers Directive (AIFMD) passport. ELTIFs are available to all types of investors across the EU subject to certain requirements regarding the types of assets and projects in which the ELTIFs may invest (for example, infrastructure, transport and sustainable energy projects). In brief, ELTIFs are designed as EU alternative investment funds (AIF), managed by authorised EU AIFMs in accordance with AIFMD. Consequently, an ELTIF is ‘hybrid’ between the existing institutional AIF products, retail undertakings for collective investments in transferable securities (UCITS) and packaged retail investment products (PRIIPS), as it can invest in illiquid assets but also benefits from an EU passport to AIFMs for marketing to retail investors.

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
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