Linklaters has advised Carmignac on the structuring and launch of a semi-liquid, open-ended private equity fund ELTIF Evergreen. The fund is structured as a European Long-Term Investment Fund (ELTIF), making it accessible to a wide range of investors, including individuals.
The fund launched on March 31 and has a global and diversified approach, with an initial focus on Europe. It will have a substantial allocation to the secondary private equity market, offering benefits in terms of diversification, visibility on underlying assets, and efficient liquidity management.
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