Haynes and Boone, LLP Partners Karma Samdup and Vicki Odette authored an article for The Drawdown exploring a recent review of the European Commission's European Long-Term Investment Fund regulatory framework.
Read an excerpt below:
The European Commission launched the European Long-Term Investment Fund (ELTIF) regulatory framework in2015 to boost retail investor participation in ‘real economy’ projects requiring long-term capital. Six years later, the Commission undertook a comprehensive review of the framework.
The 2021 report noted that uptake of ELTIFs was predominantly hindered by “restrictive fund rules and barriers to entry for retail investors”'. Only 57 structures, representing just €2.4bn out of the more than €7trn EU alternative investment fund landscape, were launched.
Aiming to address these and other concerns, ELTIF 2.0 was unveiled in March 2023 and has now been in force since 10 January 2024. Below are some of the key changes under ELTIF 2.0.
To read the full article in The Drawdown, click here.
