Azimut ELTIF - (subfund) Venture Capital Nexton

Azimut ELTIF - (subfund) Venture Capital Nexton is a venture-focused subfund managed by Azimut Investments S.A. and domiciled in Luxembourg, where it operates as an ELTIF constituted as a fund common ownership vehicle and authorised under the UCI Part II regime. It was launched in 2025 under the ELTIF 2.0 framework, which allows the vehicle to be marketed to both professional and retail investors, and the minimum ticket of 1,000 EUR EUR reflects that dual audience. The subfund is classified Article 6 under SFDR, so sustainability characteristics are not part of its stated investment objective, and it carries a summary risk indicator of 6.

The vehicle is closed-end, so capital is committed for the life of the fund rather than recycled through a dealing calendar; investors should assume that exposure is held to maturity and that any interim liquidity depends on secondary arrangements rather than a redemption facility. Valuation is struck semi-annually, which is the reference point for reporting and for performance measurement between the launch date and 31 Aug 2026. Fee terms are set at on the management layer, with all-in costs reported at , both of which can be compared against the equivalent disclosures of the other funds in the dataset. Fundraising is sized against a stated , with assets to date shown as .

Within the coverage universe of 494 vehicles, it is one of 163 private equity funds and one of 347 funds domiciled in Luxembourg, narrowing to 117 that combine both. Its venture orientation places it at the earlier-stage end of that private equity cohort, where holding periods are typically longer and valuation marks are less frequent than in buyout or credit structures, a profile consistent with the closed-end design and the semi-annual valuation cycle. Distribution is currently domestic in scope.