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The European Long Term Investment Fund

The European Long Term Investment Fund

The Regulation creates a new investment fund product which shall serve as an important tool for the long term financing of the EU real economy by facilitating investment in projects that require long-term capital (for instance communication, transport and energy infrastructures as well as real estate and non-listed companies).

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European-Long-Term-Investment-Fund

On 19 May 2015, the European Long-Term Investment Funds (ELTIFs) regulation 2015/760 (the “Regulation”) was published in the Official Journal of the European Union and applies directly across all EU Member States as from 9 December 2015.

The Regulation creates a new investment fund product which shall serve as an important tool for the long term financing of the EU real economy by facilitating investment in projects that require long-term capital (for instance communication, transport and energy infrastructures as well as real estate and non-listed companies).

ELTIFs shall operate under the Alternative Investment Fund Manager Directive (AIFMD) regime and are targeted at investment fund managers who want to offer long-term investment opportunities to professional and retail investors across Europe using the AIFMD passport.

The Cyprus legal and regulatory framework is flexible enough to cater for the set up of ELTIFs in a most efficient manner while fulfilling the minimum requirements of the Regulation. This brochure sets out certain of the relevant considerations that need to be taken into account when setting up a Cyprus ELTIF.

KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.

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