Azimut ELTIF - (subfund) Venture Capital Alicrowd II

Azimut ELTIF - (subfund) Venture Capital Alicrowd II is a closed-end ELTIF launched by Azimut Investments S.A. in 2021, structured as an FCP domiciled in Luxembourg and authorised under the UCI Part II regime. It was brought to market under the ELTIF 1.0 framework and pursues a venture strategy within private equity, denominated in EUR. The vehicle is aimed at retail investors in its domestic distribution market, with access set by a minimum ticket of 10,000 EUR, a level that reflects the ELTIF retail-access design rather than an institutional commitment threshold.

Mechanically, the fund behaves as a drawdown-style closed-end vehicle: capital is committed for the life of the strategy, there is no ongoing redemption facility, and valuation is struck on a semi-annually basis, so reported performance and any secondary transfer discussions rest on a semi-annual valuation point. Liquidity is therefore a function of the underlying venture portfolio's exit path rather than of dealing terms. The fund is classified Article 6 under SFDR, meaning sustainability factors are not presented as part of the investment objective, and it carries a summary risk indicator of 6, consistent with equity-type exposure to early-stage companies. Headline costs are set out as for management and on an all-in basis, both of which can be read against the comparable European retail private markets universe.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, it is one of 163 private equity funds, one of 347 domiciled in Luxembourg, and one of 117 that combine both. Against that peer set, reported assets of and the geographic allocation shown in indicate where the subfund sits in scale and in country exposure relative to other Luxembourg-domiciled venture ELTIFs.