ELTIFs are a new type of collective investment vehicle operating under the AIFMD regime. The ELTIF vehicle benefits from a European passport and can be marketed to both institutional and private investors across Europe.
BNP Paribas Securities Services was selected for its international reach and local market expertise in the product. The bank’s depositary network, one of the largest in Europe with EUR 1.5 trillion in assets under depositary, covers 13 fund domiciles.
Frédéric Pérard, Managing Director at BNP Paribas Securities Services in Luxembourg, said:
“We are delighted to work with Partners Group on this new fund structure, which is the first of its kind for the market. ELTIFs are an innovative way to boost European long-term investments in the real economy and we are pleased to play our part in it.”
Caroline Lumley firstname.lastname@example.org +44 (0)20 7410 4650
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by the strength of the BNP Paribas Group. It provides multi asset post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 90+ markets, offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry. We bring together local insight and a global network to enable clients to maximize their market and investment opportunities worldwide.
Key figures as of 31 December 2016: USD 9.1 trillion in assets under custody, USD 2.1 trillion in assets under administration, 10,166 funds administered and over 10,000 employees.