European long-term investment funds (Eltif) are meant to channel capital towards long-term investments in real assets--such as energy and transport infrastructure--and in the real economy. Photo: Shutterstock

European long-term investment funds (Eltif) are meant to channel capital towards long-term investments in real assets--such as energy and transport infrastructure--and in the real economy. Photo: Shutterstock

Goldman Sachs Asset Management has raised over $200m in its first European long-term investment fund (Eltif).

Goldman Sachs Asset Management, an alternative investment fund manager (AIFM) , has raised over $200m with its first Eltif, report several media outlets.

“Individuals will also be able to get exposure to private investments through our Private Markets ELTIF, a fund specifically designed to meet the needs of individual investors,” said Barry Fricke, managing director, head of EMEA alternatives distribution for wealth at Goldman Sachs Asset Management.

The fund, which is named Goldman Sachs Alternatives SICAV-Private Markets ELTIF, is  and has its address in Howald. The CSSF, Luxembourg’s financial sector supervisory commission, is the competent authority.

The majority of Europe’s 80-some Eltifs are domiciled in Luxembourg. The revised Eltif 2.0 regulation , with key features such as a wider scope of eligible assets, increased flexibility in portfolio compositions and the removal of minimum investment thresholds for retail investors.

Goldman Sachs Asset Management is the investing part of Goldman Sachs, and oversees more than $2.6trn in assets under supervision as of 31 March 2023.

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