Evergreen Funds & ELTIF DatabaseELTIF · Real Estate · Domiciled in Ireland
Alteralia Real Estate Debt Fund II Families ELTIF ICAV
Managed by Alantra, Spain. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Alteralia Real Estate Debt Fund II Families ELTIF ICAV is a closed-end vehicle managed by Alantra and domiciled in Ireland, where it is constituted as an ICAV and authorised under the QIAIF regime. It is structured as an ELTIF aligned with the ELTIF 2.0 framework, which allows pan-European distribution while the fund itself remains restricted to professional investors, with a minimum commitment of 100,000 EUR denominated in EUR. The fund dates from 2026 and is classified Article 8 under SFDR.
The strategy invests in real estate through debt instruments, so returns are contracted at the loan level rather than realised through asset disposal, and the exposure is spread across . Because the vehicle is closed-end, capital is committed for the life of the fund rather than redeemed on a dealing cycle; liquidity for investors depends on the amortisation and repayment profile of the underlying loan book and on any distributions the manager declares, not on a periodic redemption window. The ELTIF 2.0 wrapper governs eligible assets, diversification and borrowing within that closed-end construction.
On the Novantigo database of 494 vehicles, it is one of 44 funds in real estate, one of 17 domiciled in Ireland, and one of only 3 combining both. Against that peer set, the fund's economics can be compared on a management fee of , a performance fee of , and an all-in cost ratio of .
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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
- Alantra
- Fund type
- ELTIF
- Legal structure
- ICAV
- Regulatory regime
- QIAIF
- ELTIF version
- ELTIF 2.0
- Fund structure
- Closed-End
- Inception
- 10 Apr 2026
- Base currency
- EUR
Strategy
- Asset class
- Real Estate
- Strategy
- Debt
- Geographic focus
- Global
Access & distribution
- Investor type
- Professional
- Distribution scope
- Pan-European
- Minimum investment
- 100,000 EUR
- SFDR
- Article 8
›Frequently asked questions
- Who manages Alteralia Real Estate Debt Fund II Families ELTIF ICAV?
- Alteralia Real Estate Debt Fund II Families ELTIF ICAV is managed by Alantra, headquartered in Spain.
- What is the minimum investment for Alteralia Real Estate Debt Fund II Families ELTIF ICAV?
- The minimum investment is 100,000 EUR. The binding terms are in the fund documents.
- 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.