Andera Dette Privée

Andera Dette Privée is an open-ended ELTIF managed by Andera Partners, domiciled in France and constituted as an FCP under the FPS regime. It launched in 2024 under the ELTIF 2.0 framework, which allows the vehicle to be distributed to retail investors domestically with a minimum subscription of 100 EUR EUR. The strategy sits in private debt, specifically mezzanine lending, placing it among 148 funds in the same asset class on this page and 19 that combine that asset class with a France domicile, out of 494 vehicles covered in total.

Liquidity is structured around an evergreen format rather than a drawdown schedule: subscriptions are accepted monthly, redemptions are dealt monthly with a notice period of 3 days, and the fund strikes a NAV on a monthly basis. Redemptions remain subject to an initial hard lock-up and to the liquidity management tools required of ELTIF 2.0 vehicles, so the dealing calendar should be read as a mechanism for periodic access rather than a guarantee of daily tradability. Target returns for the mezzanine book are disclosed at , and assets under management stand at , which can be compared with the other 80 funds domiciled in France in this dataset.

The fund is classified Article 8 under SFDR and carries a summary risk indicator of 3, consistent with a subordinated-debt portfolio held in EUR without currency hedging complexity at the share-class level. Fee terms comprise a management fee of alongside a performance fee of , both of which can be benchmarked against the 19 comparable France-domiciled private debt funds listed here. All figures shown are as of 31 Aug 2026.