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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.

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Private Equity funds
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AuM updates

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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AuM history

13 readings on file

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Fees and costs

12 fee fields tracked

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Peer comparison

162 comparable funds in the database

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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.

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