Circumstances in which the life of an ELTIF is compatible with the life-cycles of each of its individual assets
Article 2
When assessing whether the life of an ELTIF is compatible with the life-cycles of each of the individual assets of the ELTIF, as referred to in Article 18(3) of Regulation (EU) 2015/760, the manager of an ELTIF shall consider all of the following: (a) the liquidity profile of each of the individual assets of the ELTIF; (b) the liquidity profile of the ELTIF’s portfolio on a weighted basis; (c) the timing of the acquisition and the disposal of each of the individual assets of the ELTIF, assessed against the background of the economic life-cycle of the assets, and the life of the ELTIF; (d) the investment objective of the ELTIF; (e) where an ELTIF provides for the possibility of redemptions during the life of the ELTIF, the redemption policy of the ELTIF; (f) the cash management needs and expected cash-flow and liabilities of the ELTIF; (g) the possibility to roll over, or terminate, the exposure of the ELTIF to the individual assets of the ELTIF; (h) the availability of a reliable, sound, and up-to-date valuation of the assets in the ELTIF’s portfolio; (i) the portfolio composition and the life-cycle management of the ELTIF’s assets throughout the life of the ELTIF.