A&O Shearman advises Lumyna on the creation and authorization of an "ELTIF 2.0" debt fund in France

Following the implementation of the revised regulation related to European long-term investment funds (ELTIF 2) on January 10, 2024, alternative investment funds (AIFs) investing in assets that promote the long-term financing of the real economy can apply for ELTIF 2.0 approval from the AMF.

This authorization allows this fund to be among the first ELTIF 2.0 funds whose shares will be eligible for unit-linked life insurance contracts distributed by the Generali Group based on the reform of the Insurance Code that took place under the Green Industry Law and its implementing decrees.

Brice Henry, partner at A&O Shearman in France, says: "We are delighted to have assisted Lumyna in obtaining this new ELTIF 2.0 approval from the AMF. This significant milestone demonstrates our recognized expertise in asset management regulation."

The A&O Shearman team was led by partner Brice Henry and counsel Pascal Molinelli, with associate Romane Chéry on regulatory and asset management aspects, partner Mathieu Vignon, New York partner Caroline Lapidus, and senior associate Ageu Pires on tax aspects, as well as partner Frédéric Moreau and associate Arthur Curti on corporate aspects, along with the international A&O Shearman teams.