Evergreen Funds & ELTIF DatabaseELTIF · Private Debt · Domiciled in France
October SME V
Managed by October Factory, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
October SME V is a ELTIF managed by October Factory and domiciled in France, where it is constituted as a closed-end FCP operating under the FPS regime and authorised under ELTIF 1.0. The vehicle launched in 2022, reports in EUR, and is distributed on a pan-European basis to professional investors. It is classified as Article 8 under SFDR.
The strategy is direct lending within private debt, with the ELTIF wrapper and closed-end structure aligning the holding period of directly originated loans with a fixed fund term rather than a dealing calendar; capital is committed for the life of the vehicle and investors should expect distributions to come from loan amortisation, interest and repayments rather than from a redemption facility. Current assets under management stand at against a stated target of , with the trajectory since launch shown by , and borrower exposure is allocated across .
Within the Novantigo universe of 494 funds as of 31 Aug 2026, October SME V is one of 148 private debt vehicles and one of 80 funds domiciled in France, narrowing to 19 funds that combine both, which is the group against which its size and geographic allocation are benchmarked on this page.
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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
- 08 Apr 2022
- Base currency
- EUR
Strategy
- Asset class
- Private Debt
- Strategy
- Direct Lending
- Geographic focus
- Europe
Access & distribution
- Investor type
- Professional
- Distribution scope
- Pan-European
- Distribution countries
- Belgium, France, Germany, Italy, Netherlands, Portugal, Spain
- SFDR
- Article 8
›Frequently asked questions
- Who manages October SME V?
- October SME V 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.