Evergreen Funds & ELTIF DatabaseELTIF · Private Debt · Domiciled in France
October Italian SME Fund 1
Managed by October Factory, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
October Italian SME Fund 1 is a direct lending vehicle managed by October Factory and domiciled in France, where it is constituted as an FCP and authorised under the FPS regime. It carries the ELTIF label under ELTIF 1.0, the original version of the regime, and has been operating since 2019. The base currency is EUR, and the fund is reserved for professional investors with distribution limited to its domestic market.
The structure is closed-end, so capital is committed at launch rather than through an ongoing subscription window, and investors have no periodic redemption route; realisations depend on the amortisation and repayment of the underlying loan book over the life of the vehicle. As a direct lending strategy, the portfolio is built from loans originated to small and mid-sized corporate borrowers, with the Italian SME focus reflected in . Fund size stands at , which has followed as the portfolio has amortised.
Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, it is one of 148 funds in private debt, one of 80 domiciled in France, and one of 19 that combine both characteristics — a group within which its closed-end, professional-only format and single-country lending focus define its position.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- October Factory
- Fund type
- ELTIF
- Legal structure
- FCP
- Regulatory regime
- FPS
- ELTIF version
- ELTIF 1.0
- Fund structure
- Closed-End
- Inception
- 12 Jul 2019
- Base currency
- EUR
Strategy
- Asset class
- Private Debt
- Strategy
- Direct Lending
- Geographic focus
- Europe
Access & distribution
- Investor type
- Professional
- Distribution scope
- Domestic
- Distribution countries
- France
›Frequently asked questions
- Who manages October Italian SME Fund 1?
- October Italian SME Fund 1 is managed by October Factory, headquartered in France.
- What is an ELTIF?
- A European Long-Term Investment Fund is an EU vehicle that lets non-institutional investors access private market assets under the ELTIF regulation (this fund operates under ELTIF 1.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 30 Sep 2026.