Hansemerkur Private Debt ELTIF S.C.A., SICAV

Hansemerkur Private Debt ELTIF S.C.A., SICAV is a Luxembourg-domiciled vehicle managed by HanseMerkur, structured as a SICAV and authorised under the UCI Part II framework while carrying an ELTIF label aligned with ELTIF 2.0. It invests in private debt through a direct lending approach, originating and holding loans directly rather than acquiring exposure through traded credit instruments, and reports in EUR. The vehicle dates from 2026 and is open to both professional and retail investors, with distribution organised on a pan-European basis under the passport the ELTIF regime provides.

The fund is set up as an open-end structure, so capital is raised on a continuing basis rather than through a closed drawdown period, and investor dealing is handled through the vehicle's own subscription and redemption mechanics rather than a secondary market. As with other ELTIF 2.0 vehicles holding illiquid loan assets, liquidity terms are governed by the fund's dealing calendar, notice requirements and liquidity management tools, and prospective investors should read those terms alongside the underlying asset profile: direct loans are typically held to maturity, so portfolio-level liquidity is driven by amortisation, repayments and new inflows.

Within the coverage universe of 494 vehicles, the fund is one of 148 tracked in private debt and one of 347 domiciled in Luxembourg, placing it among the 108 that combine both characteristics. That overlap is the relevant comparison set for assessing its structure, regime and dealing terms against directly comparable direct lending vehicles.