The European Council has formally adopted the Regulation on European Long Term Investment Funds (‘ELTIFs’).
In brief ELTIFs are designed to tackle barriers to long-term investment e.g. infrastructure projects which in turn should stimulate employment and economic growth. Only Alternative Investment Funds (‘AIFs’) that are managed by Alternative Investment Fund Managers, will be eligible to market themselves as ELTIFs; however unlike pure AIFs an ELTIF will target both professional and retail investors – see Regulatory Roundup 61 for further details.
The ELTIF Regulation will enter into force on the twentieth day following its publication in the Official Journal.
