European long-term investment funds (ELTIFs): from political ambition to practical implementation | Practical Law

European long-term investment funds (ELTIFs): from political ambition to practical implementation | Practical Law

Since 9 December 2015, it has been possible to launch a European long-term investment fund (ELTIF). This is the new type of alternative investment fund (AIF) that allows investors to invest in companies and projects that require long-term investment. 

European long-term investment funds (ELTIFs): from political ambition to practical implementation

by Stuart Corrigall, Director and Head of Product Structuring, BlackRock Investment Management (UK) Ltd
Published on 08 Dec 2015 • European Union
Since 9 December 2015, it has been possible to launch a European long-term investment fund (ELTIF). This is the new type of alternative investment fund (AIF) that allows investors to invest in companies and projects that require long-term investment.
Hailed by Brussels as a key part of European Commission President Juncker's investment plan and the capital markets union (CMU), this article looks at the asset manager's perspective on how the political ambitions can be put into practice and the potential challenges likely to be encountered.