Consultation on EU Rules for Long-Term Investment Funds

Published 27 October 2020

PrintCategory: AIFs

On 19 October 2020, the European Commission launched a public consultation on the European Long Term Investment Fund (“ELTIF”) legal framework.

Since the adoption of the ELTIF regime, only around 28 ELTIFs have been established and with a very low asset base (below EUR 2 billion). In the opinion of the European Commission, this supports the need of a public consultation on the functioning of the ELTIF regime. The purpose of the consultation is to evaluate the effectiveness of the ELTIF framework and to identify the reasons why so few (and in some members states none) have decided to opt in to the ELTIF regime.

What’s next: The consultation closes on 19 January 2021 and is available here.

The ELTIF Regulation sets out a framework created to attract investors who want their money invested towards long-term investments. The purpose of ELTIF funds is to boost the finance available to companies looking for long-term capital for different projects in different areas such as energy, schools, transport and hospitals.

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