Amundi Real Assets Funding S.C.A., SICAV-RAIF - (subfund) Amundi Commercial Real Estate Loans II (ELTIF)

Amundi Real Assets Funding S.C.A., SICAV-RAIF - (subfund) Amundi Commercial Real Estate Loans II (ELTIF) is a closed-end subfund managed by Amundi Asset Management, established in 2022 and domiciled in Luxembourg as a SICAV operating under the RAIF regime. It is structured as an ELTIF under the ELTIF 1.0 framework, denominated in EUR, and distributed on a pan-European basis to professional investors, with a minimum commitment of 1,000,000 EUR. The strategy sits in the real estate segment with a debt focus, lending against commercial property rather than taking equity ownership, and the subfund is classified Article 8 under SFDR.

Because the vehicle is closed-end, capital is committed for the term rather than dealt on an ongoing basis, and there is no standing redemption mechanism; investors receive valuation and reporting on a quarterly cycle, with cash returned through loan amortisation, repayments and distributions as the underlying credit portfolio seasons. Underwriting exposure is spread across , and the manager has communicated a fundraising ambition of alongside a return objective of for the loan book. Economics are set at on the management side.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, this is one of 44 funds in the real estate asset class and one of 347 domiciled in Luxembourg, narrowing to 31 that combine both. That peer set provides the reference frame for the fee level, target return and geographic allocation shown above, each of which is benchmarked against comparable ELTIF structures rather than assessed in isolation.