Not my field but a lot is said about ELTIFs / ELTIF regulation in connection with 'ramp up' in this document.
Just a few examples:
Question 20. Please explain which regulatory safeguards, if any, you deem appropriate to ensure the effective management of liquidity, subscriptions and the financing of assets in the investment portfolio. In addition, please explain if you consider it appropriate to provide for any alternative regulatory approach for the borrowing of cash rules specifically during the ramp-up period in the ELTIFs’ life.
There was a recurring topic whereby 10% capital limitation was deemed challenging, especially during the ramp-up period.
The minority of stakeholders opined that the Current diversification rules are appropriate for ELTIFs marketed to retail investors, except with regards to the ramp-up period (see answer to question 28).
https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2...