October SME II

October SME II is a closed-end ELTIF managed by October Factory and domiciled in France, where it is constituted as an FCP and authorised under the FPS regime for professional investors. The vehicle launched in 2016 and is denominated in EUR, with distribution limited to its home market. It is structured under ELTIF 1.0, the pre-revision framework, so the fund follows a fixed-life, drawdown-and-distribution model rather than offering ongoing dealing; capital is returned as underlying loans amortise or repay, and investors should assume no redemption facility over the term. The fund is classified as Article 6 under SFDR, meaning sustainability factors are not promoted as part of the mandate.

The strategy is direct lending within private debt, lending directly to small and mid-sized corporate borrowers, which places the fund among 148 private debt vehicles tracked across a universe of 494 funds and among 80 funds domiciled in France. The narrower intersection of both criteria contains 19 funds, the set most directly comparable on structure, regulatory regime and borrower profile. Reported size is shown as , which can be read against that peer group, and the direction of assets over recent reporting periods is given as ; for a closed-end credit vehicle of this vintage, movement reflects repayment and distribution activity as much as deployment.

Portfolio exposure by region is summarised as , consistent with the domestic distribution scope and the borrower base implied by the mandate. Figures and classifications on this page reflect data as of 31 Aug 2026.