European Long Term Investment FundA European Long Term Investment Fund (ELTIF) is a type of regulated fund introduced in the European Union to encourage investment into companies and projects who need long-term capital, for example infrastructure projects. They are aimed at both institutional and private investors in Europe.[1] One of the predecessors of ELTIF were the French Fonds d'Investissement de Proximité (FIP) oriented towards individual and institutional investors to invest in regional economies and family-run companies.[2] Regulatory Framework ELTIFs operate under strict regulations outlined in Regulation (EU) 2015/760. These rules are designed to ensure transparency, protect investors, and promote stability in financial markets. ELTIFs must meet specific criteria regarding eligible investments, portfolio composition, and risk management. Additionally, they are supervised by national competent authorities in EU Member States, ensuring compliance with applicable laws.[1] As of November 2021, 57 ELTIFs had been registered in only 4 member states: Luxembourg, France, Italy and Spain.[3] In the United Kingdom, it is expected that Long-Term Asset Funds (LTAF) will replace ELTIF in 2023.[4] Sources
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