Azimut ELTIF - (subfund) Venture Capital Hipstr II

Azimut ELTIF - (subfund) Venture Capital Hipstr II is a Luxembourg-domiciled ELTIF managed by Azimut Investments S.A., launched in 2025 and denominated in EUR. It is structured as a closed-end FCP authorised under the UCI Part II regime and set up under the ELTIF 2.0 framework, which allows distribution to both professional and retail investors subject to suitability checks; access begins at 1,000 EUR, and the vehicle is currently marketed on a domestic basis. The strategy is venture within private equity, placing it among 163 funds in that asset class and 117 that combine it with a Luxembourg domicile, out of 494 vehicles covered.

Liquidity mechanics follow the closed-end logic rather than a dealing calendar: there is no standing redemption facility, so capital is expected to remain committed across the venture holding period, with exits driven by portfolio realisations and the fund's term. Valuation is struck on a semi-annually basis, meaning reported marks and any secondary-market reference points update infrequently relative to listed exposures. The summary risk indicator of 6 reflects the combination of early-stage equity exposure, concentration typical of venture portfolios, and the absence of redemption liquidity.

Costs are a material consideration for a retail-accessible venture vehicle: the fund applies a management fee alongside a performance fee, with an aggregate that can be compared against the other 347 Luxembourg-domiciled funds in the dataset. For sustainability purposes the fund is classified as Article 6, which means it does not promote environmental or social characteristics or pursue a sustainable investment objective under SFDR.