Indep Dette ELTIF

Indep Dette ELTIF is a direct lending vehicle managed by Indep'AM and domiciled in France, launched in 2024 and denominated in EUR. It is structured as an ELTIF under the ELTIF 1.0 framework, implemented as a French FCP operating within the FPS regime, and is marketed domestically to retail as well as professional investors subject to a minimum commitment of 200,000 EUR. The vehicle is closed-end: capital is drawn and returned according to the life of the underlying loan book rather than through a standing dealing calendar, so investors should treat the position as held to maturity, with weekly valuation serving reporting and monitoring needs rather than providing a liquidity mechanism.

The portfolio is built through directly originated corporate loans, with exposure distributed as shown in , and the manager communicates a return objective of on a gross basis before the costs captured in . The risk profile is reported at 3 on the SRI scale, consistent with a senior-oriented credit mandate, and the fund is classified Article 6 under SFDR, meaning sustainability factors are not promoted as part of the investment policy. Assets under management stand at , which positions the fund in the lower-to-mid size band among French private debt vehicles tracked here.

Within Novantigo's coverage of 494 vehicles as of 31 Aug 2026, the fund is one of 148 in private debt and one of 80 domiciled in France, narrowing to one of 19 that combine both. That intersection is where the relevant fee, cost and return comparisons sit, since French direct lending ELTIFs share broadly similar origination channels, currency exposure and regulatory constraints.