Candriam Private Assets - (subfund) Kartesia Credit ELTIF

Candriam Private Assets - (subfund) Kartesia Credit ELTIF is a direct lending vehicle managed by Candriam and domiciled in Luxembourg, structured as an open-ended SICAV authorised under the UCI Part II regime and approved as an ELTIF under the ELTIF 2.0 framework, which allows pan-European distribution to both retail and professional investors. The subfund launched in 2025, reports in EUR, applies a minimum initial subscription of 5,000 EUR, is classified Article 8 under SFDR and carries a summary risk indicator of 6 on the PRIIPs scale. Portfolio exposure is sourced through direct lending to private companies, with the manager's reported regional breakdown shown under .

Liquidity is semi-liquid rather than drawdown-based: the vehicle accepts subscriptions on a quarterly basis and processes redemptions quarterly, subject to 90 days' notice and an initial soft lock-up, with valuations struck quarterly in line with the dealing cycle. Investors should note that redemption capacity depends on the subfund's liquidity sleeve and the ELTIF gating mechanics, so the quarterly window is a request process rather than a guaranteed exit. Assets under management stand at , which provides context for how far the vehicle has progressed in building the underlying loan book.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, the subfund is one of 148 private debt strategies, one of 347 funds domiciled in Luxembourg, and one of 108 that combine both characteristics, making the Luxembourg private debt cohort the most direct comparison set for its terms. Against that cohort, its management fee of and all-in cost ratio of are the figures most relevant to like-for-like comparison, alongside the quarterly dealing terms described above.