LuxFLAG’s Applicant Fund Status is available for newly launched funds in their initial subscription phase, showcasing their commitment to responsible investing principles. The Applicant Fund must commit to apply for a LuxFLAG Fund Label once eligible.

New Earth Fund S.C.A. SICAV-RAIF - Nevhouse I  is the first fund to receive the new applicant fund status. The aim of the sub-fund is to invest in sustainable affordable housing and provide modular flat-pack homes, schools, and medical clinics made from recycled plastic and other waste products to impoverished communities worldwide.