Subordinated V ELTIF

Subordinated V ELTIF is a closed-end ELTIF managed by Clearlake Capital (Lux) S.À R.L. and domiciled in Luxembourg, where it is structured as a SICAV operating under the RAIF regime. The vehicle follows a direct lending approach within private debt, and was launched in 2021 with EUR as its base currency. It is constituted under ELTIF 1.0, the framework in place before the regime's recast, which pairs retail eligibility with a minimum ticket of 150,000 EUR and a domestic distribution scope rather than cross-border marketing.

As a closed-end structure, the fund does not offer ongoing redemption facilities; capital is committed for the life of the vehicle and returned through the underlying loan portfolio's amortisation, repayments and exit events, so investors should treat the position as illiquid from subscription to wind-down. Direct lending exposure is typically drawn down over an investment period and held to maturity, which aligns the cash-flow profile with the long-term holding requirement that the ELTIF wrapper is designed around. The manager's stated and sit behind the reported figures and can be read against comparable vehicles on this page.

Within the dataset of 494 funds as of 31 Aug 2026, it is one of 148 private debt vehicles, one of 347 domiciled in Luxembourg, and one of 108 that combine both. Cost disclosure is captured by and , each benchmarked against that peer set. The fund is classified Article 6 under SFDR, meaning sustainability factors are not presented as part of its promotion or objective.