The European database of open-ended private markets funds — ELTIFs, evergreens and Part II structures — with every detail in one place: redemption windows, notice periods, gates, true total costs.
Equal-weighted indices from the net asset values of the funds in this database. 42 months, base 100 = March 2023.
Data reports, analyses and the gating monitor — drawn from the database, with no product promotion. By email, together with new funds, terms and authorisations, whenever there is something to report.
Data reportas at 26 Sep 2026
154days
on average from liquidity need to money received, across 117 funds — within the 71 nominally identical funds it is 35 to 394 days.
How this waiting time breaks down into notice period, valuation date and settlement.
Analysisas at 8 Oct 2026
6.6EUR bn
Net asset value of Partners Group Global Value SICAV.
Partners Group plans to split the fund into a compounding fund and a distributing fund – what is planned and what is still open.
Gating monitoras at 16 Oct 2026
6
of the 139 active funds are currently restricting redemptions, 2 of them due to liquidation.
Fulfilment rates per dealing date, a timeline since 2020 and the concluded episodes – updated with each gating research round.
Five asset classes semi-liquid funds invest in — or go straight to the full database with every filter.
Somewhere between an open-ended mutual fund and a closed-end vehicle — with rules every provider words differently.
A semi-liquid fund invests in unlisted assets — private equity, private credit, infrastructure, real estate — and redeems units only in fixed windows, usually quarterly and capped at a share of fund assets. Unlike an ETF you cannot sell at any time: to exit you give notice in time, wait for the next dealing day and accept that in periods of high demand you may be served only pro rata. Three figures decide how long that takes — and for each of the 140 funds they sit side by side here.
Daily, monthly, quarterly or less often. The window sets how often an exit is possible at all — everything else hangs on it.
documented for 137 of 140 funds
Usually 5% of fund assets per quarter. If more is requested, redemptions are scaled back pro rata — the rest rolls into the next dealing day.
documented for 135 of 140 funds
Between a few days and several months before the dealing day. Miss the deadline and you wait a full window longer.
documented for 119 of 140 funds
Calendar days from the moment you need the money until it arrives: the need arises somewhere in the cycle, on average halfway between two cut-offs — plus the processing time until payout. One dot per fund, coloured by lock-up and actual redemption restriction; the black bar is the asset-class average. Click a dot to open the fund page.
How this waiting time breaks down into notice period, valuation date and settlement — and why nominally identical funds differ elevenfold.
ELTIF Liquidity Report 2026Private markets funds for retail investors are growing fast. But what matters most — when and how you get your money back, and what the fund really costs — sits deep in the prospectus and is nowhere comparable across providers. That is exactly what we make visible.
More and more ELTIFs and evergreen funds are sold to retail investors, some from as little as €1. Access is there — orientation is not.
Redemption terms, gates, notice periods and true total costs are named differently by every provider and buried deep. A clean comparison has not existed so far.
We compile these details in a structured way and make them comparable — with our own liquidity score showing how easily you get your money back. Neutral, no recommendation.
Most fund sites earn from distribution. We do not — which is why you find here what usually stays in the small print, including what speaks against a fund.
No advertising, no distribution fees, no paid placements. No provider pays for inclusion, order or prominence.
All 140 funds are listed — whether or not the provider talks to us, supplies data or even knows we exist.
We take no orders, recommend nothing and give no investment advice. Compare, not rate.
Sorting in every list: by the stated criterion, then alphabetically. No paid placements. Where a value is missing it says “not documented” — never “0”.
