myELTIF Year in Review 2025: Platform Development and ELTIF Market Analysis

2025 was the first year for myELTIF as an ELTIF comparison platform. As the ELTIF market in Germany continued to expand, we systematically built infrastructure for transparency and comparability.

This post provides a data-driven analysis of both myELTIF's development and the dynamics of the German ELTIF market in 2025. Structure: Platform metrics, market analysis, and trends for 2026.

Part 1: The myELTIF Platform in Numbers

Catalogued Data

The central challenge in ELTIF comparisons lies in the heterogeneity of product structuring. Asset managers publish their information in different formats and terminologies. The platform addresses this fragmentation through systematic data extraction and standardization.

As of end of 2025, 48 ELTIFs with a total of 235 share classes are catalogued. Over 50 data points are extracted per ELTIF – from fee structures to liquidity terms and performance scenarios. Standardization at the share class level is critical: Differences in fees and conditions between share classes can mean several percentage points of return difference over the holding period.

Traffic & Reach

In the last 30 days (as of December 20, 2025), the platform recorded 539 unique visitors. Throughout 2025, myELTIF reached a total of 1,327 unique visitors - a number we are very proud of. The geographic distribution shows interesting patterns: Although ELTIFs are a European regulatory product, 23% of visitors come from the USA, underscoring cross-border research interest in European-regulated alternative investment products.

Most Searched ELTIFs

Top 3 by search volume on the platform:

• BlackRock Multi Alternatives Growth Fund
• Aquila Capital One Planet ELTIF
• Klimavest ELTIF

Analysis: Search queries show a mix of established asset managers (BlackRock) and impact-oriented products (Aquila, Klimavest), indicating broad investor interest – from diversified multi-alternatives approaches to ESG-focused strategies.

Part 2: The German ELTIF Market 2025

Overall Market Development

The German ELTIF market shows continuous growth with accelerating dynamics:

• 2024: 71 new registrations
• 2025: 88 new registrations
• Growth: +24% year-over-year
• Total market: 250 ELTIFs registered in the EU (cumulative)

Registrations by Client Group 2025

Analysis: 70% of new registrations target (also) retail investors. This confirms the structural trend toward democratization of alternative asset classes. The 28 pure retail registrations (32%) signal growing confidence among asset managers in retail distribution and reflect the ELTIF 2.0 regulation that simplified retail access (Source: ESMA as of 30th December).

Registrations by Asset Class 2025

Analysis: Private Debt clearly dominates with 41% of new registrations. This correlates with the macroeconomic environment of higher interest rates, making fixed-income alternative assets more attractive. Private Equity and Infrastructure follow at a significant distance (Source: myELTIF analysis).

Part 3: Market Observations 2025

Observation 1: Supply-driven Market

The ELTIF market shows classic characteristics of a supply-driven market: 250 products exist, but transparency and comparison tools lag behind. This creates information asymmetry between providers and investors – a structural problem that limits scaling to the demand side.

Observation 2: Retail Opening Accelerates

With 62 funds (28 pure retail + 34 retail/professional) addressing private investors, 70% of new registrations target retail clients. This marks a structural shift: alternative investments are no longer treated as a pure institutional asset class. The ELTIF 2.0 regulation shows impact – regulatory prerequisites for retail distribution are in place, now market adoption follows.

Observation 3: Asset Class Preferences

The dominance of Private Debt (41%) reflects both macroeconomic factors (interest rate levels make credit attractive) and regulatory frameworks (ELTIFs are structurally well-suited for credit strategies with predictable cash flows). Private Equity (24%) and Infrastructure (16%) follow – both asset classes benefit from longer holding periods and illiquid structures that fit the ELTIF framework.

Part 4: Outlook 2026

For the Market

The year 2026 is likely to mark the transition from supply-driven to demand-driven market dynamics. With 250+ products, critical mass has been reached – now it requires:

• Improved transparency infrastructure (structured data, standardized reporting)
• Investor education and content (education about risks, liquidity, and performance expectations)
• Technological solutions for comparability and distribution

The prerequisites for scaling are in place. The next phase will show which actors can provide the infrastructure for this scaling – and which asset managers successfully tap into retail distribution.

Conclusion

2025 was a year of infrastructure building – both for myELTIF as a platform and for the German ELTIF market as a whole. The data shows: The foundation is laid. 88 new registrations and 70% retail focus signal a market in the acceleration phase.

2026 will be decisive: The existing supply must be efficiently brought to the demand side. This requires transparency, technology, and education.

The ELTIF market stands at a turning point. Regulatory frameworks are set, the product range is there – now it's about execution and scaling. 2026 will show whether the market manages this transition.