Morgan Stanley European Private Income Fund (EPIF)

Morgan Stanley European Private Income Fund (EPIF) is an open-ended SICAV managed by Morgan Stanley, domiciled in Luxembourg and authorised under the UCI Part II regime. Launched in 2025, it is structured as a Non-ELTIF vehicle and invests in private debt through a direct lending approach, with EUR as its base currency and pan-European distribution to both professional and eligible retail investors. The portfolio's regional allocation is reported as , and assets under management stand at as of 31 Aug 2026.

Dealing mechanics follow the evergreen model typical of semi-liquid credit vehicles: the fund strikes a NAV on a monthly basis, accepts subscriptions monthly and processes redemptions quarterly, with a notice period of 60 days before each dealing date and a soft lock-up applying to early redeeming investors. Entry is set at a minimum of 25,000 EUR, placing the vehicle within reach of advised and wealth channels as well as institutional allocators. The fund is classified Article 8 under SFDR and carries a summary risk indicator of 3, consistent with a floating-rate senior loan book held to maturity rather than traded. Because redemption capacity is funded from loan repayments, income and any gating or queuing provisions in the prospectus, liquidity terms should be read alongside the underlying asset profile.

Within Novantigo's coverage of 494 vehicles as of 31 Aug 2026, the fund is one of 148 private debt strategies and one of 347 funds domiciled in Luxembourg, narrowing to 108 funds that combine both characteristics. Against that peer set, the management fee is recorded at and the performance fee at , both benchmarked on the fee comparison view for the same 108 comparable funds.