Alteralia Debt Umbrella ELTIF ICAV - (Sub-Fund) Alteralia Real Estate Debt II ELTIF ICAV (RED II)

Alteralia Debt Umbrella ELTIF ICAV - (Sub-Fund) Alteralia Real Estate Debt II ELTIF ICAV (RED II) is a sub-fund of an Irish umbrella ICAV managed by Alantra, launched in 2025 and denominated in EUR. It is structured as a closed-end ELTIF under the ELTIF 2.0 regime and authorised in Ireland as a RIAIF, a combination that allows pan-European distribution to retail investors subject to the 100,000 EUR entry threshold applied by the vehicle. The strategy is real estate debt, and the fund is classified Article 8 under SFDR. The targeted fund size is and the management fee is , both benchmarked against the wider peer set on this page.

Because the vehicle is closed-end, capital is committed for the life of the fund rather than accessed through a periodic dealing cycle; investors should assume that exposure is held to term and that liquidity depends on the underlying loan amortisation and repayment profile rather than on redemption windows. This distinguishes it from the evergreen ELTIF structures that have become more common since the ELTIF 2.0 rules took effect, and it aligns the fund's duration with the maturities of the real estate credit it originates. Geographic exposure is reported as .

Within the universe of 494 vehicles covered, it is one of 44 with a real estate focus and one of 17 domiciled in Ireland; the overlap of both characteristics narrows to 3 funds, which is the most direct comparison set for fee, size and structural terms.