FPS Ppg Edesia

FPS Ppg Edesia is a real estate fund managed by Pierre 1Er Gestion and domiciled in France, pursuing a core / core plus mandate from 2026 and denominated in EUR. It is authorised under the FPS regime and structured as an ELTIF under the ELTIF 2.0 framework, which governs asset eligibility, diversification and the conditions under which the vehicle may be distributed to non-professional investors in its home market.

The core / core plus mandate implies a portfolio built around standing, income-producing property with limited repositioning or leasing risk, so returns are expected to come largely from rental cash flow rather than development or heavy asset repositioning. The vehicle is open-ended rather than drawdown-based, meaning capital is invested on subscription instead of being called over a commitment period, and investor liquidity is provided through the fund's own redemption policy rather than through asset realisations at a fixed term. Under ELTIF 2.0, that policy must be matched to the liquidity profile of the underlying real estate, typically through a liquidity sleeve, dealing windows and notice requirements, and redemption capacity remains subject to those terms rather than guaranteed. Dealing and valuation frequencies, notice periods and minimum subscription are set in the fund documentation and are not reproduced here.

Within the coverage universe of 494 funds, it is one of 44 real estate vehicles and one of 80 domiciled in France; the overlap of both filters narrows to 8 funds, which is the most direct peer set for comparing structure, liquidity mechanics and strategy positioning.