Greenman is delighted to announce that our flagship fund, Greenman OPEN, has successfully been converted into an ELTIF under the new ELTIF 2.0 framework marking a new chapter for the fund. Below, we outline what has changed:
What is an ELTIF and ELTIF 2.0?
A European Long-Term Investment Fund (ELTIF) is a regulated investment framework introduced by the European Union in 2015. It was created to channel long-term investments into sectors like infrastructure, real estate, and small and medium enterprises (SMEs). ELTIFs provide both institutional and retail investors access to long-term, less liquid assets that generate stable returns over time.
ELTIF 2.0 refers to the updated framework, which went into force in January 2024. These revisions were designed to simplify the rules and make ELTIFs more attractive to retail investors by lowering investment barriers and improving flexibility.
How does this affect Greenman OPEN?
Retail investors can now access the fund at a lower entry point. With the ELTIF designation, this threshold has been significantly reduced to as low as €1,500, making it accessible to a broader range of investors.
Increased “protection measures” for the investor as OPEN is subject to greater oversight from its Depositary, ING Bank, greater transparency measures and investor disclosures to ensure clear and straightforward explanation of risks to investors, a new borrowing limit to reduce borrowing risk, and a maximum percentage allocation to any one investment, reducing the “all eggs in one basket” risk.
Provides investors with greater access to one of the most stable asset classes in real estate—grocery-anchored retail properties. The move not only makes the fund more accessible but also positions it for continued growth as the demand for resilient, essential retail spaces grows across Europe.
