US Fund Managers: Offering Evergreen Credit Products To EU Professional Investors ' New York Office Snippet

• Published date: 08 January 2026
• Law Firm: Loyens & Loeff
• Author: Mr Frank Van Kuijk, Benjamin Hitzges and Agata Szymoniak

US fund managers (USFM) increasingly adopt Luxembourg-based evergreen credit funds (ECF). Luxembourg ECFs enable USFMs to expand their AUM, diversify their earnings model and secure long-term capital. Meanwhile, EU investors gain prolonged access to a single investment product which reduces the need and costs of conducting due diligence on subsequent investment products.

Luxembourg ECFs are typically structured as a limited partnership to facilitate EU market outreach and investor preferences. The two default models for ECFs, which are both customizable, are the run-off and rolling vintage model.

In a run-off model, investors usually...