Oquendo Senior Debt Fund III ELTIF S.C.A. SICAV-RAIF - (subfund) Oquendo Senior Debt Fund Three ELTIF

Oquendo Senior Debt Fund III ELTIF S.C.A. SICAV-RAIF - (subfund) Oquendo Senior Debt Fund Three ELTIF is a direct lending vehicle managed by Oquendo Capital and domiciled in Luxembourg. It is structured as a sub-fund of an umbrella SICAV operating under the RAIF regime and authorised as an ELTIF under the ELTIF 2.0 framework, with EUR as its base currency and an inception year of 2026. The ELTIF wrapper allows the fund to be marketed on a pan-European basis, including to non-professional investors where the distributor's suitability process permits, while the RAIF status places supervision at the level of the authorised alternative investment fund manager rather than the fund itself.

The vehicle is closed-end in design, which aligns the holding period with the drawdown-and-repayment profile of directly originated loans: capital is committed up front and returned as borrowers amortise, prepay or refinance, rather than through an ongoing dealing cycle. Investors should therefore treat the position as illiquid for the term of the fund, with the ELTIF 2.0 regime governing the circumstances in which any liquidity mechanism or secondary transfer may be available. Repayment timing and distributions depend on the underlying loan book rather than on a scheduled redemption calendar.

Within the research universe of 494 funds, the vehicle sits among 148 tracked private debt funds and 347 funds domiciled in Luxembourg, and more narrowly among the 108 that combine both characteristics. That peer set provides the basis for comparing structure, currency and regulatory wrapper against other direct lending vehicles pursuing European mid-market corporate lending.