Tiera Capital ELTIF II SICAV, S.A. - (subfund) Evergreen Private Credit Fund EUR

Tiera Capital ELTIF II SICAV, S.A. - (subfund) Evergreen Private Credit Fund EUR is an open-ended ELTIF subfund launched by Tiera Capital in 2026, structured as a SICAV domiciled in Luxembourg and authorised under the UCI Part II regime. It is set up under the ELTIF 2.0 framework, which allows distribution to both professional and retail investors across Europe, and it is denominated in EUR. The portfolio invests in private debt on a multi-strategy basis, with exposure spread across . The subfund is classified Article 6 under SFDR, so sustainability characteristics are not part of its formal disclosure profile, and it carries a summary risk indicator of 3 on the PRIIPs scale.

The liquidity mechanics are those of a semi-liquid evergreen vehicle rather than a closed-end drawdown fund. Net asset value is struck monthly, subscriptions are accepted monthly and redemptions are processed quarterly, with a notice period of 90 days ahead of each dealing date; investors should also account for the initial holding period applied after subscription. The minimum initial commitment is 20,000 EUR, placing the subfund within reach of wealth and advisory channels as well as institutional allocators. Current assets under management stand at , and the management fee is , with an all-in total cost ratio of .

Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, this is one of 148 funds in private debt, one of 347 domiciled in Luxembourg, and one of 108 that combine both, so its fee level, cost ratio and size can be read against a sizeable comparator set. Its distinguishing features relative to that set are the multi-strategy credit mandate, the evergreen subscription and redemption cycle, and the ELTIF wrapper, which together determine how capital is deployed and recycled rather than called and returned over a fixed term.