Evergreen Funds & ELTIF DatabaseELTIF · Private Debt · Domiciled in Luxembourg
BNP Paribas Direct Lending Fund 1 ELTIF
Managed by BNP Paribas Asset Management, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
BNP Paribas Direct Lending Fund 1 ELTIF is a private debt vehicle managed by BNP Paribas Asset Management, pursuing a direct lending approach from a Luxembourg platform. It is structured as an ELTIF under the ELTIF 2.0 framework and operates within the RAIF regime, launched in 2025 with EUR as its base currency.
The vehicle is set up as an investment company with variable capital on a closed-ended basis, so capital is drawn and locked for the life of the strategy rather than traded against a dealing calendar; investors should assume the holding period is defined by the underlying loan book rather than by periodic liquidity. Subscription and redemption mechanics, dealing notice requirements and valuation cadence are not disclosed in the public record used for this page. The minimum commitment is 30,000 EUR EUR, and the fund is directed at professional investors, with distribution arranged on a pan-European basis under the ELTIF passport.
Within the universe of 494 vehicles covered here, it sits among 148 private debt funds and 347 Luxembourg-domiciled funds, and is one of 108 vehicles combining both characteristics. That peer set provides the reference frame for comparing its terms, structure and direct lending positioning against similarly constituted ELTIF 2.0 products.
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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
- BNP Paribas Asset Management
- Fund type
- ELTIF
- ISIN
- LU2866523876
- Legal structure
- SICAV
- Regulatory regime
- RAIF
- ELTIF version
- ELTIF 2.0
- Fund structure
- Closed-End
- Inception
- 17 Sep 2025
- Base currency
- EUR
Strategy
- Asset class
- Private Debt
- Strategy
- Direct Lending
Access & distribution
- Investor type
- Professional
- Distribution scope
- Pan-European
- Distribution countries
- Belgium, France, Germany, Italy, Luxembourg, Netherlands
- Minimum investment
- 30,000 EUR
›Frequently asked questions
- Who manages BNP Paribas Direct Lending Fund 1 ELTIF?
- BNP Paribas Direct Lending Fund 1 ELTIF is managed by BNP Paribas Asset Management, headquartered in France.
- What is the minimum investment for BNP Paribas Direct Lending Fund 1 ELTIF?
- The minimum investment is 30,000 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 2.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of the latest monthly update.