Crédit Agricole Siparex Intermezzo 3 - Transition carbone

Crédit Agricole Siparex Intermezzo 3 - Transition carbone is a closed-end ELTIF managed by Sigefi Private Equity and domiciled in France, where it is constituted as a société de libre partenariat and supervised under the FPS regime. The vehicle is authorised under ELTIF 2.0, the framework that allows long-term private assets funds to be marketed to retail investors subject to suitability checks, and it is currently distributed domestically rather than cross-border. It began operating in 2025, is denominated in EUR, and applies a minimum subscription of 100,000 EUR. Its target fund size is , and reported assets stand at as of 31 Aug 2026.

The strategy is mezzanine within private debt, meaning capital is deployed in subordinated instruments that sit between senior debt and equity in the borrower's capital structure, typically alongside a carbon transition theme reflected in the fund's name. Returns therefore combine contractual coupon income with equity-linked components rather than relying on mark-to-market trading, and the targeted return profile is expressed as . The fund is classified Article 8 under SFDR, promoting environmental characteristics without a dedicated sustainable investment objective.

Liquidity follows the closed-end model: commitments are drawn and repaid over the life of the vehicle, with no standing redemption mechanism for investors, so holders should expect capital to remain committed until underlying positions are repaid or realised. Within the research universe of 494 vehicles, it is one of 148 private debt funds, one of 80 domiciled in France, and one of 19 that combine both characteristics, which is the relevant comparison set for investors screening French private credit structures.