Oquendo IV ELTIF S.C.A. SICAV-RAIF

Oquendo IV ELTIF S.C.A. SICAV-RAIF is a closed-end vehicle managed by Oquendo Capital and domiciled in Luxembourg, where it is structured as a SICAV operating under the RAIF regime and authorised as an ELTIF under ELTIF 1.0. It has been in operation since 2020 and is denominated in USD. The strategy is private debt with a mezzanine focus, meaning capital is deployed into subordinated loan instruments that sit between senior debt and equity in borrower capital structures, with returns typically delivered through contractual coupons and equity-linked components rather than through trading gains.

Because the fund is closed-ended, there is no ongoing redemption facility: commitments are drawn and capital is returned as underlying positions are repaid or refinanced over the life of the vehicle, and liquidity before term depends on secondary transfer rather than on fund-level dealing. The ELTIF 1.0 framework under which it was authorised predates the later revision of the ELTIF regime, and the vehicle is offered to professional investors on a domestic distribution basis, so access is narrower than for cross-border retail-eligible ELTIFs. Reported assets stand at , against a stated target of , with the recent direction of assets shown as .

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 148 classified under private debt and one of 347 domiciled in Luxembourg; the overlap of both criteria gives a comparison set of 108 funds, against which its size and structural terms can be benchmarked. Minimum investment, subscription and redemption terms, NAV frequency, SFDR classification and risk indicator are not currently reported for this vehicle.