European Long Term Investment Fund
A European Long Term Investment Fund (ELTIF) is a type of regulated fund introduced in the European Union to encourage investment into companies and projects who need long-term capital, for example infrastructure projects. They are aimed at both institutional and private investors in Europe.[1] One of the predecessors of ELTIF were the French Fonds d'Investissement de Proximité (FIP) oriented towards individual and institutional investors to invest in regional economies and family-run companies.[2]
As of November 2021, 57 ELTIFs had been registered in only 4 member states: Luxembourg, France, Italy and Spain.[3]
In the United Kingdom, it is expected that Long-Term Asset Funds (LTAF) will replace ELTIF in 2023.[4]
Sources
[edit]- ^ "European Long-term Investment Funds - frequently asked questions". ec.europa.eu. 2015-02-13. Retrieved 2023-02-28.
- ^ Fitzpatrick, Nick. "Executive interview: the former French minister championing retail private equity in France". Funds Europe. Retrieved 2023-12-31.
- ^ "European Commission adopts proposal to amend ELTIF Regulation". www.simmons-simmons.com. Retrieved 2022-12-14.
- ^ "The LTAF – here for the long haul?". www.funds-europe.com. Retrieved 2023-02-28.
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