Evergreen Funds & ELTIF DatabaseELTIF · Real Estate · Domiciled in Luxembourg
Arcano Spanish Value Added Real Estate III S.C.A. SICAR ELTIF
Managed by Arcano Capital, Spain. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Arcano Spanish Value Added Real Estate III S.C.A. SICAR ELTIF is a closed-end vehicle managed by Arcano Capital, constituted in Luxembourg as an SCA operating under the SICAR regime and authorised as an ELTIF under ELTIF 1.0. It began investing in 2024 and is denominated in EUR, pursuing a value added approach within real estate, with portfolio exposure concentrated as set out in . The manager targets in commitments and references a return objective of ; committed capital reported to date is shown under .
Because the structure is closed-end, there is no periodic redemption facility: capital is drawn against commitments over the investment period and returned through asset disposals and refinancings rather than investor-initiated exits, so subscribers should expect to hold to the end of the fund's term. The minimum commitment is 3,000,000 EUR, which positions the vehicle toward institutional and qualifying professional investors, with distribution focused on the domestic market. The fund is classified Article 8 under SFDR and carries a summary risk indicator of 6, consistent with the leverage and asset-level execution risk typical of refurbishment- and repositioning-led real estate mandates.
Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, it is one of 44 funds in real estate, one of 347 domiciled in Luxembourg, and one of 31 that combine both characteristics, which is the comparison set against which its terms, size and return target are benchmarked on this page.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- Arcano Capital
- Fund type
- ELTIF
- Legal structure
- SCA
- Regulatory regime
- SICAR
- ELTIF version
- ELTIF 1.0
- Fund structure
- Closed-End
- Inception
- 15 Jan 2024
- Base currency
- EUR
Strategy
- Asset class
- Real Estate
- Strategy
- Value Added
- Geographic focus
- Europe
Access & distribution
- Investor type
- Both
- Distribution scope
- Domestic
- Distribution countries
- Spain
- Minimum investment
- 3,000,000 EUR
- SFDR
- Article 8
- Risk indicator (SRI)
- 6 of 7
›Frequently asked questions
- Who manages Arcano Spanish Value Added Real Estate III S.C.A. SICAR ELTIF?
- Arcano Spanish Value Added Real Estate III S.C.A. SICAR ELTIF is managed by Arcano Capital, headquartered in Spain.
- What is the minimum investment for Arcano Spanish Value Added Real Estate III S.C.A. SICAR ELTIF?
- The minimum investment is 3,000,000 EUR. The binding terms are in the fund documents.
- What is an ELTIF?
- A European Long-Term Investment Fund is an EU vehicle that lets non-institutional investors access private market assets under the ELTIF regulation (this fund operates under ELTIF 1.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 30 Sep 2026.