Oquendo Senior Debt Fund II ELTIF S.C.A. SICAV-RAIF

Oquendo Senior Debt Fund II ELTIF S.C.A. SICAV-RAIF is a direct lending vehicle managed by Oquendo Capital and domiciled in Luxembourg, where it is constituted as a SICAV operating under the RAIF regime and authorised as an ELTIF under the ELTIF 1.0 framework. The fund launched in 2021 and is denominated in USD. It is offered to professional investors on a pan-European basis, with the ELTIF wrapper providing the marketing passport rather than any retail access, given the professional-only investor scope.

Mechanically, the vehicle is closed-end: capital is committed rather than dealt, and investors should expect exposure to run to the end of the fund's term rather than through periodic subscription or redemption windows. Subscription frequency, redemption frequency, notice period and NAV frequency are not reported in the dataset as of 31 Aug 2026, which is consistent with a closed-end drawdown structure in which liquidity arises from loan repayments, amortisation and exit events in the underlying direct lending book rather than from a dealing calendar. The ELTIF 1.0 regime under which the fund was authorised predates the later revision of the ELTIF rules and its associated redemption and eligible-asset provisions.

Within the Novantigo coverage universe of 494 vehicles, the fund sits among 148 private debt funds and 347 Luxembourg-domiciled funds, and more narrowly among the 108 funds combining both characteristics, the comparison set against which its size and growth are benchmarked. Reported assets under management stand at , with the direction of travel since launch shown by ; both figures are measured as of 31 Aug 2026.