Andera Rendement Privé

Andera Rendement Privé is an evergreen private equity vehicle managed by Andera Partners and domiciled in France, where it is constituted as a French mutual fund operating under the FPS regime and authorised as an ELTIF under the ELTIF 2.0 framework. The ELTIF 2.0 designation is what allows the strategy to be marketed to retail investors domestically rather than remaining a professional-only product, and it brings the associated requirements on diversification, borrowing and disclosure. The fund was established in 2025 and is denominated in EUR, so non-euro investors carry currency exposure directly.

The investment approach is growth-oriented within private equity, with portfolio exposure spread across . As an open-ended structure, the fund is designed to accept new subscriptions on a continuing basis and to meet redemptions out of a liquidity sleeve and distributions from underlying holdings, subject to the gating and redemption-limitation mechanics that ELTIF 2.0 permits; investors should read the redemption policy in the fund rules, since the underlying assets remain illiquid regardless of the dealing arrangements at the fund level. The fund is classified as Article 8 under SFDR, meaning environmental or social characteristics are promoted without a sustainable investment objective being the stated aim.

Within the coverage universe of 494 vehicles, it is one of 163 private equity funds and one of 80 domiciled in France, narrowing to 32 that combine both characteristics. That subset is the relevant comparison set for assessing its geographic allocation, fee terms and liquidity mechanics against structurally similar retail-accessible products.