Talde Deuda Alternative, FILPE

Talde Deuda Alternative, FILPE is a closed-end vehicle managed by Talde Gestión,Sgeic,S.A. and domiciled in Spain, where it operates under the FILPE regime, the national implementation of the ELTIF framework. It was authorised under ELTIF 1.0 and launched in 2019, placing it among the earlier cohort of long-term vehicles set up before the regime was revised. The fund is denominated in EUR and is open to both professional and retail subscribers meeting the 100,000 EUR entry threshold, with distribution limited to its domestic market.

The strategy is private debt, specifically direct lending, so capital is deployed into privately negotiated loans held to maturity rather than traded positions. Consistent with that, the structure is closed-end: there is no standing redemption facility, and investors are repaid as underlying loans amortise or are refinanced, over a defined fund life. Subscriptions were taken during a limited offering period rather than on a rolling basis, which means secondary transfer is the practical route to liquidity before term. Portfolio exposure by region is shown under , and commitments have been sized against , with assets currently reported as .

Within the research universe of 494 vehicles tracked as of 31 Aug 2026, it is one of 148 funds in its asset class and one of 2 domiciled in Spain, narrowing to one of 2 that combine both. That makes the Spanish private debt set a small comparison group, so asset-level figures such as should be read against a limited number of directly comparable vehicles rather than the wider asset-class cohort. SFDR classification, summary risk indicator and NAV publication frequency are not reported for this fund in the current dataset.