Fund database › Private Equity
BlackRockLU2970811951Class C1 EUR
The BlackRock Private Equity Fund is BlackRock's private-equity ELTIF for retail investors: secondaries, primaries, co-investments and fund-of-funds building blocks with a European tilt, launched in Luxembourg in 2025, accumulating.
Monthly subscription; quarterly redemption with a quantified quarterly gate. A two-year minimum holding period from initial subscription applies — one of the longer ones in the field, reducible by the board.
Subscription from EUR 10,000, open to retail and professional investors, recommended holding period five years; registered for distribution in roughly twenty-five countries, including Germany.
The first private-equity ELTIF from the world's largest asset manager with German distribution approval — liquidity mechanics at the field standard, paired with a minimum holding period that commits investors to the asset class's long-term nature before any first redemption is possible.
Figures for class C1 EUR (LU2970811951) · product data 25 Sep 2026 · sources: prospectus (as at April 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Mar 2025, the unit price has gained 11.1% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
19 monthly values · Source: secondary source (data portal), price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Feb 2025; a reliable NAV series of the class is available from Mar 2025.
What the prospectus permits: Direct co-investments (primary and secondary) plus secondary interests in private equity target funds; complemented by liquid investments. After the ramp-up phase up to 100% direct co-investments, up to 40% secondaries
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
11 holdings; the five largest account for 82.3% of the fund. 47.1% is held in the liquidity reserve — enough for 28 months of maximum redemptions.
How the reserve is invested: BlackRock ICS Euro Liquid Environmentally Aware Fund (Agency Acc T0) 30.1% · BlackRock Tactical Opportunities Fund (Class X) 7.2% · BlackRock ICS Euro Liquid Environmentally Aware Fund (Premier Acc) 7.1% · 10 more 8.6%. It covers 28 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the largest positions: 8 equity holdings; 1 name not disclosed.
Positions and shares according to the provider; 1 of 5 names not disclosed; holdings as at 31 Dec 2025, reserve as at 30 Jun 2026; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.30%, class C1 EUR is below the median of the asset class (2.60%). On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 230 EUR per year; the cheapest class with a cost figure is ZD EUR (1.29%, from 10,000 EUR).
For 10,000 EUR, a one-off up to 500 EUR on purchase.
Based on the PRIIPs key information document of class C1 EUR, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 18 business days later.
complete Subscription Request with documentation by the cut-off with the administrator
the Board may accept late or amended Subscription Requests at its discretion.
Price = NAV per share on this day.
NAV as at the Monthly Dealing Day, finalisation and publication up to 18 business days …
after NAV publication: 3 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 10 business days before Valuation day · 17:00 CET · (before the anchor date) |
| Price | valuation day |
| NAV publication | NAV as at the Monthly Dealing Day, finalisation and publication up to 18 business days thereafter, later at the discretion of the Board |
| Payment | after NAV publication: 3 business days after NAV publication |
| Minimum investment | EUR 10,000 |
| Entry charge (max.) | 5% (distributor) |
| Subscription limit | The Board may reject subscriptions without giving reasons or allot them in part; no maximum size of the sub-fund; the portion not accepted lapses |
| KYC / documents | complete Subscription Request with documentation by the cut-off with the administrator |
| Revocation | binding and irrevocable once submitted, subject to Cooling-off; amendment only at the discretion of the Board |
| Business day | any day (other than a Saturday or Sunday) when banks are open in Luxembourg (p. 17) |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 24 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption request by 17:00 CET on the last business day of the month preceding the quarterly redemption day.
Price = NAV per share on this day.
NAV at previous quarter-end (—)
at the latest 60 business days after NAV publication (—)
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
Money typically within a year — on average 258 days from decision to cash.
Rank 56 of 112 · rank 18 of 38 in Private Equity · 4 months lock-up · no fixed redemption fee
Money typically within half a year — on average 136 days from decision to cash.
4 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Apr 2026 · score run 16 Oct 2026 · How 258 days become 29 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 17:00 CET · (counted from month-end) |
| Price | quarter-end |
| Payout | 60 calendar days after redemption day (latest 60 calendar days) |
| Gate | 5% of NAV at the previous quarter-end per quarter; ELTIF Redemption Limit 27.30% of UCITS-eligible assets plus projected 12-month cash flows. |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | 0% |
| Lock-up | fund-level, 24 months (fund launch) |
| Suspension | Market disruption/exchange closure, absence of price sources, communication breakdown, foreign exchange and capital transfer restrictions |
| Liquidity tools | Suspension, tightened redemption gates, bringing forward of the redemption cut-off, extension of the payment period; two AIFMD II LMTs not named |
| Switch / transfer | ELTIF units freely transferable under the ELTIF Regulation; no public secondary market |
| Compulsory redemption | in the case of a U.S. Person or loss of Eligible Investor status |
After expiry of the two-year minimum holding period, the board of directors or its delegates may limit, in whole or in part, redemption requests exceeding 5% of the sub-fund's net asset value at the preceding quarterly date (higher amounts possible at their discretion). During the minimum holding period the limit for hardship redemptions is 0.5% of NAV.
Three tiered limits: during the minimum holding period, redemptions on hardship grounds are limited to 0.5% of the sub-fund NAV of the preceding quarterly date; thereafter the regular gate of 5% of NAV per quarterly date applies (which may be raised by the board of directors); overriding this, the ELTIF redemption limit of 27.30% of the sum of UCITS-eligible assets and the 12-month cash flow forecast applies.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
16 classes. All cost and risk figures on this page refer to the basis class C1 EUR; the cheapest class with a cost figure is ZD EUR (1.29%, from 10,000 EUR).
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus | Apr 2026 | — |
| Key information document (PRIIPs KID) | 6 May 2026 | — |
| Annual / semi-annual report | 31 Dec 2025 | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, with 5% gate per quarter. Subscribing today, it takes on average 258 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.30% p.a. according to the PRIIPs KID for class C1 EUR; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 12.50%.
10,000 EUR in class C1 EUR.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the BlackRock Private Equity Fund. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.