ELTIF 2.0 – European Long-Term Investment Funds

The European Fund and Asset Management Association, EFAMA, published an interview with Stuart Corrigall, Managing Director at BlackRock, on the following questions concerning ELTIF 2.0:
1. What is an ELTIF, and why did the current ELTIF regime need to be revised?
2. What are the major changes the review process introduced?
3. In light of those changes, is ELTIF 2.0 going to be successful?
Mr. Corrigall points out that the ELTIF regime initially attracted a lot of interest from 2015 as it offered access to „diversified fund portfolios of long-term assets like infrastructure, real estate and non-listed companies across Europe“. However, the ELTIF did not become „the default vehicle of choice for non-speculative alternative strategies“ as expected, comparable to UCITS, which acts „as a global gold standard for investment“. „In reality various challenges with the practical application of the regime led to limited success initially“. Nevertheless he Mr. Corrigall is optimistic, that the reforms „will undoubtedly make the ELTIF more attractive to asset managers and investors alike“.