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By Silke BERNARD, Investment Funds Partner, Linklaters Luxembourg
The European Long-Term Investment Fund regime has been slow to gain traction since its launch in December 2015. But its time may now be arriving with significant changes expected to be proposed by the European Commission this month, at a moment when demand for private investment in long term assets such as physical infrastructure is seen as an important driver of economic recovery from the Covid-19 pandemic.
To date just 57 ELTIFs have been established across Europe, of which 26 are in Luxembourg, with significant numbers also in France and Italy. But up to now many asset managers and fund promoters have complained that the regime was too complex and defeated one of its key...
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