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By Dr. Jan SAALFRANK, LL.M., Partner, Rechtsanwalt and Lissie GOLDBACH, Senior Associate, Rechtsanwältin, Avocat à la Cour, Pinsent Masons Luxembourg
A failed start….
The European Long-Term Investment Fund (ELTIF) and the initial ELTIF regulatory framework were introduced back in April 2015 (so-called ELTIF 1.0). The regime established a fully harmonised European regulatory framework for alternative investment funds (AIFs) which invest in a broad range of long-term projects such as infrastructure projects and investments in real estate and small and medium sized enterprises (SMEs). It established uniform rules on the authorisation, investment policies and operating conditions and marketing of ELTIFs, thereby aiming to...
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