ELTIF · Private Equity · Domiciled in France
FPCI Truffle Fintech Scale-Ups Fund
Managed by Truffle Capital S.A.S, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
FPCI Truffle Fintech Scale-Ups Fund is a closed-end venture vehicle managed by Truffle Capital S.A.S and domiciled in France, where it is constituted as an FCP operating under the FPCI regime and marketed as an ELTIF under ELTIF 1.0. Launched in 2024 and denominated in EUR, it sits within the private equity segment of the platform's coverage, which tracks 494 vehicles in total, and more specifically within the venture sub-strategy. It is offered to professional investors on a domestic basis and is classified Article 8 under SFDR.
Because the fund is closed-end, capital is committed at launch rather than through an ongoing subscription window, and there is no periodic redemption mechanism; liquidity for holders depends on the realisation of portfolio companies over the life of the vehicle, consistent with the ELTIF 1.0 framework and the fiscal and holding-period conditions attached to the FPCI wrapper. Fintech scale-up equity positions are illiquid and typically held through multiple financing rounds, so the reported and its reflect deployment and valuation movements rather than investor flows.
Within the research universe, the fund is one of 163 private equity vehicles covered, one of 80 domiciled in France, and one of 32 that combine both characteristics, a group against which its can be compared. All figures shown are as of 31 Aug 2026.
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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
- Truffle Capital S.A.S
- Fund type
- ELTIF
- Legal structure
- FCP
- Regulatory regime
- FPCI
- ELTIF version
- ELTIF 1.0
- Fund structure
- Closed-End
- Inception
- 09 Aug 2024
- Base currency
- EUR
Strategy
- Asset class
- Private Equity
- Strategy
- Venture
- Geographic focus
- Europe
Access & distribution
- Investor type
- Professional
- Distribution scope
- Domestic
- Distribution countries
- France
- SFDR
- Article 8
›Frequently asked questions
- Who manages FPCI Truffle Fintech Scale-Ups Fund?
- FPCI Truffle Fintech Scale-Ups Fund is managed by Truffle Capital S.A.S, headquartered in France.
- 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 1.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 30 Sep 2026.