Edmond de Rothschild has launched its first European long-term investment fund: the Edmond de Rothschild Private Equity Solutions Sicav--Convictions IV Eltif is a fund of private equity funds structured in accordance with the European Eltif 2.0 regulation. The revised regulation brings with it features such as a wider scope of eligible assets, a broader definition of “real assets,” the possibility to set up fund-of-fund strategies or master-feeder structures, the removal of minimum investment thresholds for retail investors and more flexible portfolio compositions.

Edmond de Rothschild’s new fund aims to make private markets and the firm’s private equity expertise accessible to private investors starting at €100,000. Its fund-of-funds structure has been “designed to facilitate access to private markets whilst offering an attractive and diversified framework,” said a press release. “Allocation is based on three complementary levels of diversification: by investment segment (buyout, growth capital, real assets, emerging economies), geographic diversification and transactional (primary, secondary, co-investments).” Domiciled in Luxembourg, it is available for sale in Germany, Austria, Belgium, Spain, Italy, Luxembourg and Portugal. The fund is classified as article 8 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), which means it is meant to promote environmental and/or social characteristics.

“The launch of our first Eltif illustrates our vision of committed capital as a catalyst for profound change,” commented Johnny el Hachem, CEO of Edmond de Rothschild Private Equity. “This fund offers [clients] a concrete gateway to the real economy, at the service of sustainable, inclusive and resilient growth.”

Roughly two-thirds of the 165 European long-term investment funds listed in the European Securities and Markets Authority’s register are domiciled in the grand duchy.