ELTIF: second time’s the charm
The European Commission’s reform of the European Long-Term Investment Fund (ELTIF) framework opens the door for master feeder and fund-of-funds structures, which might allow smaller and mid-cap GPs to access retail investors without the need for a dedicated operational setup.
The original text, which came to market in 2015, allowed for an ELTIF to invest only 20% of its assets in other funds.
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