Muzinich & Co, a global manager of both public and private credit investments, has launched the Muzinich European Private Credit ELTIF SICAV which will aim to construct a portfolio of circa 50 senior-secured direct lending investments.
According to a press statement, the fund will target “medium-sized companies focusing on conservatively managed businesses that offer quality products and services and play a vital role in their local economy”.
The fund has been designed with retail investors in mind and seeks to regularly distribute an attractive level of income. It complies with the updated ELTIF regulation that came into force in 2024, designed to increase investor access to private assets and boost the real economy.
The fund is an open-ended vehicle (evergreen) that will offer investors monthly liquidity windows from inception, with no minimum holding period. Specifically, the Fund will provide monthly liquidity windows of up to 2% of the Fund’s NAV and 5% per quarter, with 30 business days’ notice.
The Muzinich European Private Credit ELTIF will be available for sale in Austria, France, Germany, Italy, Luxembourg, Spain, Switzerland, and the United Kingdom.
