Muzinich European Evergreen Credit Fund (MLoan)

Muzinich European Evergreen Credit Fund (MLoan) is an open-ended direct lending vehicle managed by Muzinich & Co and domiciled in Luxembourg, where it is constituted as a SICAV operating under the UCI Part II regime. It is classified as a Non-ELTIF structure, so the N/A designation does not apply, and it is distributed on a pan-European basis to professional investors. The fund launched in 2023, is denominated in EUR and is classified as Article 8 under SFDR. It sits among 148 private debt funds tracked on this page, 347 vehicles domiciled in Luxembourg, and 108 funds combining both, out of 494 funds covered in total as of 31 Aug 2026.

The evergreen mechanics are built around a monthly cycle: subscriptions are accepted monthly, redemptions are dealt monthly, and NAV is struck monthly. Redemption requests are subject to a notice period of 91 days, with a soft lock-up applying in the first year after an investor subscribes, which lengthens the effective path to liquidity relative to the dealing frequency alone. The entry threshold is 25,000 EUR, consistent with a professional-investor distribution scope rather than a mass-retail one. Current assets under management stand at , a figure that can be read against the 108 Luxembourg-domiciled private debt funds in the same comparison set.

Portfolio exposure is spread across European borrowers, with the regional breakdown shown under . Fee terms comprise a management fee of and a performance fee of , both benchmarked here against the 148 funds in the same asset class. No summary risk indicator is currently recorded for the vehicle.