Azimut ELTIF - (subfund) Venture Capital Alicrowd IV

Azimut ELTIF - (subfund) Venture Capital Alicrowd IV is a closed-end venture subfund managed by Azimut Investments S.A. and domiciled in Luxembourg, where it is structured as an FCP and authorised under the UCI Part II regime. It is set up as an ELTIF under the ELTIF 1.0 framework and launched in 2024, with EUR as its base currency. The vehicle pursues a venture strategy within private equity, and is open to both retail and professional investors on a domestic distribution basis, with a subscription floor of 1,000 EUR that places it within reach of the retail end of the ELTIF market. It is classified Article 6 under SFDR, meaning sustainability is not presented as part of the investment objective, and it carries a summary risk indicator of 6.

Liquidity mechanics follow the closed-end logic of ELTIF 1.0: capital is committed for the life of the fund rather than redeemed on a dealing calendar, so investors should assume no ordinary redemption route and rely on the term of the vehicle for exit. Valuation is struck semi-annually, which sets the cadence at which performance and portfolio marks become visible, a slower reporting rhythm than evergreen successor structures but consistent with early-stage holdings that are revalued infrequently. Management fees are charged at , and the all-in burden is reflected in a total cost ratio of ; both can be read against the fee ranges observed across the 117 private equity funds domiciled in Luxembourg in our coverage.

Within the 494 vehicles tracked as of 31 Aug 2026, the subfund sits among 163 private equity funds and 347 Luxembourg-domiciled funds, with 117 falling into both groups. Reported assets stand at , and the portfolio's regional allocation is summarised by , which indicates how concentrated the venture exposure is relative to the broader Luxembourg peer set.