Evergreen Funds & ELTIF DatabaseELTIF · Real Estate · Domiciled in France
Aedgis Commercial Real Estate Decarbonisation Fund (ACRED)
Managed by Aedgis, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Aedgis Commercial Real Estate Decarbonisation Fund (ACRED) is a closed-end vehicle managed by Aedgis and domiciled in France, where it is constituted as an FCP and authorised under the FPS regime. It is structured as an ELTIF aligned with ELTIF 2.0, which gives it a pan-European distribution route to professional investors while retaining the drawdown-and-hold mechanics of a conventional private real estate fund. The vehicle launched in 2025 and reports in EUR.
The strategy is classified as multi-strategy within real estate, with capital directed at the decarbonisation of commercial real estate assets — an approach that spans direct equity, repositioning and transition-linked exposures rather than a single entry point. Because the fund is closed-end, there is no standing redemption facility: investor capital is committed for the life of the vehicle and returned through realisations and distributions, so secondary transfer is the practical route to early liquidity. The manager's return objective is stated as , and portfolio construction is split across markets as set out in ; both sit alongside comparable disclosures from the wider peer set on this page.
Within a database of 494 funds, Aedgis Commercial Real Estate Decarbonisation Fund (ACRED) is one of 44 vehicles in real estate and one of 80 domiciled in France, narrowing to 8 that combine both. That cohort is the relevant reference group for assessing the fund's structure, fee terms and transition mandate against French real estate peers using the ELTIF wrapper.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- Aedgis
- Fund type
- ELTIF
- Legal structure
- FCP
- Regulatory regime
- FPS
- ELTIF version
- ELTIF 2.0
- Fund structure
- Closed-End
- Inception
- 28 Jan 2025
- Base currency
- EUR
Strategy
- Asset class
- Real Estate
- Strategy
- Multi-Strategy
- Geographic focus
- Europe
Access & distribution
- Investor type
- Professional
- Distribution scope
- Pan-European
- Distribution countries
- Belgium, France, Luxembourg
›Frequently asked questions
- Who manages Aedgis Commercial Real Estate Decarbonisation Fund (ACRED)?
- Aedgis Commercial Real Estate Decarbonisation Fund (ACRED) is managed by Aedgis, headquartered in France.
- What is an ELTIF?
- A European Long-Term Investment Fund is an EU vehicle that lets non-institutional investors access private market assets under the ELTIF regulation (this fund operates under ELTIF 2.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of the latest monthly update.