Oquendo Southern European Debt III ELTIF ICAV

Oquendo Southern European Debt III ELTIF ICAV is a closed-end vehicle managed by Oquendo Capital, structured as an Irish collective asset-management vehicle and domiciled in Ireland. It is authorised as a QIAIF and distributed as an ELTIF under ELTIF 2.0, which allows pan-European marketing to professional investors across member states from a single authorisation. The fund was launched in 2024 and reports in EUR.

The strategy is direct lending within private debt, with capital deployed into privately negotiated loans rather than traded instruments. Because the vehicle is closed-end, investor capital is committed for the life of the fund and drawn down as transactions are completed; returns reach investors through contractual interest and repayment flows and through distributions at exit, rather than through ongoing dealing. Geographic exposure is concentrated under the fund's Southern European mandate, with the underlying breakdown shown in .

For positioning, the fund is one of 148 private debt vehicles and one of 17 Irish-domiciled funds in a coverage universe of 494, and sits within the narrower set of 9 funds that combine both characteristics. That intersection is the relevant comparison group for investors assessing Irish-domiciled private credit exposure delivered through the ELTIF wrapper.