Arcano Private Debt II S.C.A. SICAV-RAIF ELTIF

Arcano Private Debt II S.C.A. SICAV-RAIF ELTIF is a direct lending vehicle managed by Arcano Capital, launched in 2024 and domiciled in Luxembourg. It is structured as a closed-end SICAV operating under the RAIF regime and authorised as an ELTIF under ELTIF 1.0, which frames its eligible-asset rules and the absence of an ongoing redemption facility. Capital is denominated in EUR and committed for the life of the fund, with returns expected to arrive through loan amortisation, repayments and exits rather than through dealing in units; the minimum commitment is 100,000 EUR, consistent with distribution to professional investors in its home market.

The portfolio is built from directly originated loans to mid-market borrowers, and the manager's stated geographic allocation is , with a fund size objective of and a return objective of . Committed capital to date stands at . Because the structure is closed-end, liquidity mechanics rest on the drawdown and distribution schedule rather than on periodic subscription or redemption windows, so investors should assume no secondary access other than private transfer. The fund is classified Article 8 under SFDR and carries a summary risk indicator of 6, reflecting credit and illiquidity exposure typical of unlisted senior and unitranche lending.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, it is one of 148 private debt funds, one of 347 domiciled in Luxembourg, and one of 108 that combine both characteristics, placing it in a densely populated segment where differentiation tends to come from origination channel, borrower size and sponsor relationships rather than from structure.