Fund database › Private Equity
BlackRock · LU2970811951
ELTIF 2.0 Private Equity Luxembourg Article 8 16 share classes ↓ Secondaries Co-Investments Primaries / Target Funds
Unit price (NAV) in EUR · share class C1 EUR · 18 data points
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
| Performance 12M | 7.02% |
Target return per the provider: Not documented (no official target return; moderate PRIIPs scenario for class C1: 11.3 % p.a. over 5 years after costs)
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 4 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.95% |
| Total ongoing costs | 2.29% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 12.50% |
| Hurdle rate | 5.00% |
| High-water mark | yes |
Median across 31 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
Monthly
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; notice must be given 30 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 24 months after subscription no redemption is possible.
The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
From the notice being received to the money reaching your account: typically around 48 to 140 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Quarterly
Quarterly gate of 5 % of the NAV as at the previous quarter's dealing day (the board may increase it); in addition an ELTIF redemption limit: 27.30 % derived from UCITS-liquid assets + a 12-month cash-flow forecast. During the minimum holding period (2 years from initial subscription, reducible to 1 year) only hardship redemptions of up to 0.5 % of NAV per quarter. Redemption in kind is not permitted; payment within 60 calendar days of the dealing day.
30 days
24 months from the first subscription date (no redemption possible, except in exceptional circumstances)
The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.
16 classes known. All cost and risk figures on this page apply to LU2970811951. Minimum investment by class EUR 10,000 – EUR 25m.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2970811951 | basis of this page | EUR 10,000 | 2.29% | 4/7 |
| LU2875202983 | documented | EUR 10,000 | 1.59% | 4/7 |
| LU2875203015 | documented | EUR 10,000 | 2.09% | 4/7 |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2875203106 | documented | EUR 10,000 | 2.59% | 4/7 |
| LU2875203361 | documented | EUR 500,000 | not documented | not documented |
| LU2875203445 | documented | EUR 500,000 | not documented | not documented |
| LU2875203528 | documented | EUR 10,000 | 1.29% | 4/7 |
| LU2875203791 | documented | EUR 10,000 | not documented | not documented |
| LU2875203874 | documented | EUR 10,000 | 2.29% | 4/7 |
| LU2875203957 | documented | EUR 500,000 | 1.64% | 4/7 |
| LU2875204096 | documented | EUR 500,000 | not documented | not documented |
| LU2875204179 | documented | EUR 10,000 | not documented | not documented |
| LU2894863567 | documented | EUR 10,000 | 2.84% | 4/7 |
| LU3016634639 | documented | EUR 10,000 | 1.31% | 4/7 |
| LU3016634712 | documented | EUR 10,000 | 1.61% | 4/7 |
| LU3230553862 | documented | EUR 250,000 | not documented | not documented |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
BlackRock (Luxembourg) S.A
Sub-fund legally launched 21 Oct 2024 (prospectus schedule/KID); operational start 28 Feb 2025 (semi-annual report 30 Jun 2025: "On 28 February 2025, the BPE Sub-Fund commenced its operations"; the annual report cites 5 Mar 2025 = first dealing day); first funded class EIT 28 Feb 2025; main class C1 from 30 Apr 2025. Umbrella SICAV established 6 Sep 2024.
Retail investors and professional investors
19 countries, among them Austria, Belgium, Czech Republic, Germany, Denmark, Luxembourg, Netherlands, Italy, Spain (+14 others)
DISCLOSED AS SINGLE-LAYER IN PRINCIPLE, BUT WITH A SECOND LEVEL. The KID makes clear that the 2.20 % include 'all underlying product costs' (other than transaction costs) - double charging is therefore already factored into the figure disclosed. Structurally there are two levels: (a) the fund level; (b) the fund also makes equity investments by INVESTING AT A SECONDARY LEVEL IN UNDERLYING INVESTMENT FUNDS focused on private equity, as well as via subsidiary holding companies, partnerships and co-investment vehicles. The emphasis, however, is on DIRECT CO-INVESTMENTS alongside private equity sponsors (primary or secondary), which are single-layer. In addition, liquid investment funds (money market/CLO/equities/bonds) may be held - likewise a second fee layer
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.