Oquendo Senior Private Debt ELTIF ICAV

Oquendo Senior Private Debt ELTIF ICAV is a closed-end vehicle managed by Oquendo Capital, established in 2025 and denominated in EUR. It is domiciled in Ireland and constituted as an ICAV authorised under the RIAIF regime, operating as an ELTIF under the ELTIF 2.0 framework. The strategy is direct lending within private debt, meaning capital is deployed into privately originated senior loans held to maturity rather than traded positions.

Structurally, the fund follows a closed-end design: investor capital is committed for a defined term aligned to the underlying loan book, and there is no standing redemption facility, so exits depend on scheduled distributions from loan amortisation, repayments and the end-of-life wind-down rather than on periodic liquidity windows. The ELTIF 2.0 regime is what allows the vehicle to be marketed to retail investors despite this illiquidity profile, subject to the suitability and disclosure requirements that framework imposes; distribution is currently domestic in scope, so access outside its home market is limited.

Within the Novantigo universe of 494 funds, it is one of 148 vehicles in private debt and one of 17 domiciled in Ireland, narrowing to one of 9 that combine both. That places it in a comparatively small group of Irish-domiciled private credit ELTIFs, where the ICAV wrapper and RIAIF authorisation are the main structural differentiators relative to the Luxembourg-domiciled majority of the peer set.