Emergence ETI II

Emergence ETI II is a closed-end ELTIF managed by Turenne Capital Partenaires SA and domiciled in France, where it is structured as an FCP operating under the FPCI regime. Launched in 2024 under the ELTIF 2.0 framework, it invests in private equity with a venture approach, is denominated in EUR, and is classified as Article 8 under SFDR. The vehicle is offered to professional investors on a domestic basis.

As a closed-end ELTIF, the fund has no ongoing subscription or redemption window: capital is committed at launch and returned through realisations over the life of the vehicle, so investors should treat the position as held to term rather than as a periodically dealable allocation. The manager's carried interest arrangement is set at , which can be read against the terms of comparable closed-end private equity vehicles in the dataset. Reported assets stand at , with the trajectory since launch shown as , consistent with a fund still in its deployment phase. Portfolio exposure is distributed as .

Within the coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 163 private equity funds, one of 80 domiciled in France, and one of 32 that combine both characteristics, a group within which venture-stage ELTIF structures remain a narrower subset.