LBP AM launches its first ELTIF 2.0 fund
LBP AM has launched the LBP AM private opportunities fund under the European Long-Term Investment Fund 2.0 (ELTIF 2.0) regulation.
LBP AM intends to leverage its experience in serving the wealth channel, which it expects to be a growth area for private assets in the coming years.
LBP AM private opportunities, which is eligible for life insurance and pension savings, invests in three unlisted asset classes in France and Europe: private corporate debt, capital investment and infrastructure (both equity and debt).
The news comes as AXA IM Alts has also launched a new private credit fund under the ELTIF 2.0 regulation to French investors.
Read more: ELTIF 2.0 presents “interesting opportunities” for private credit
Using an active selection approach, the portfolio will be made up of funds managed by either LBP AM European Private Markets or well-known management companies, with exposure to several vintages. The fund is open to investors starting from a minimum amount of €100 (£84.1).
The fund offers broad geographical and sectoral diversification across technology, services, healthcare, industry, and energy infrastructure.
Classified as an Article 8 fund under the SFDR regulation, the fund will benefit from the opportunities offered by the Green Industry Law, which is aimed at promoting deindustrialisation and imposes a minimum proportion of unlisted investments in life insurance and retirement savings plans.
“We are proud to launch LBP AM Private Opportunities, an investment solution that makes private markets easily accessible to savers,” said Irène d’Orgeval, head of capital solutions at LBP AM European Private Markets. “In line with the objectives of LBP AM European Private Markets, the fund will help to finance the real economy in Europe and support businesses and the productive fabric across the regions.”
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The strategy was devised by Capital Solutions, a new department within LBP AM European Private Markets that is dedicated to structuring and managing unlisted market solutions. Capital Solutions is headed up by d’Orgeval.
“The birth of Capital Solutions marks a significant step in the development of our European private asset management business. The combination of our expertise and the strengthening of our teams will enable LBP AM European Private Markets to conquer new markets and attract international investors who are looking for flexible solutions and are committed to sustainability,” said Peter Arnold, head of LBP AM European Private Markets.
LBP AM’s European private assets platform was renamed LBP AM European Private Markets in 2025. As of the end of 2024, LBP AM European Private Markets had raised €9.4bn and invested €8.4bn in more than 300 transactions.
Read more: LBP AM appoints former Schroders private assets exec
