Arcano Direct Lending ICAV

Arcano Direct Lending ICAV is a closed-end vehicle managed by Arcano Capital and domiciled in Ireland, where it is constituted as an ICAV and authorised under the QIAIF regime. It carries the ELTIF label under ELTIF 2.0, the framework that governs its pan-European distribution, and launched in 2025 with EUR as its base currency. Access is restricted to professional investors, with subscriptions accepted from 100,000 EUR.

The strategy is direct lending within private debt, so returns are intended to come from directly originated loans held to maturity rather than from traded credit. The closed-end structure aligns the holding period with that loan book: capital is committed for the life of the vehicle rather than redeemed on a dealing calendar, and investors should expect liquidity to arise from scheduled repayments and realisations rather than from a periodic redemption window. The ELTIF 2.0 regime sets the perimeter for eligible assets, borrowing and the terms on which any liquidity provisions can be offered. The borrower base is spread across , which can be compared against the geographic profile of other funds on the platform.

In context, the fund sits among 148 private debt vehicles tracked across a universe of 494 funds, among 17 domiciled in Ireland, and among 9 that combine both characteristics — a narrower set against which its terms, structure and exposures can be benchmarked.