Fund database › Private Equity
Carmignac · LU3267163833
ELTIF 2.0 Private Equity Luxembourg Article 8 5 share classes ↓ Secondaries Co-Investments Buyout
Unit price (NAV) in EUR · share class A EUR Acc · 4 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.
| Since launch p.a. · as at 30 Jun 2026 | 12.70% |
Target return per the provider: No explicit target return; the investment objective is a positive absolute return and capital growth over the medium to long term. KID scenarios for class A over 5 years (after costs): stress -12.65 % p.a. (EUR 5,090), unfavourable -0.56 % p.a., moderate 7.34 % p.a. (EUR 14,250), favourable 10.80 % p.a. (EUR 16,700)
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 6 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
Strategy/sub-asset classes
Vintage split
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 | 2.56% |
| Entry charge max. | 4.00% |
| Redemption fee | 5.00% |
| Performance fee | 15.00% |
| 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.
The fund documents differ from one another: the factsheet cites monthly subscription with 14 calendar days' notice (orders accepted until 16:00 CET/CEST), whereas the PRIIPs KID states: 'Every valuation day is a subscription day. Subscriptions must be submitted no later than one (1) business day before month end at 16:00 CET.' Payment must be received no later than 7 business days after the subscription date.
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 90 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 3 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 97 to 189 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 - every valuation day falling on a quarter end is a redemption day. Cut-off 16:00 CET on the last business day of the immediately preceding quarter (the factsheet describes this as '90 calendar days notice')
A double cap: (1) the NAV of the units redeemed may not exceed 5 % of the sub-fund's net asset value on the relevant valuation day AND (2) the total amount of redemptions may not exceed 33 % of the liquid investments calculated as at the same valuation day (as determined by the AIFM in accordance with Annex 1 - option 1 of the ELTIF RTS). 'Liquid investments' = UCITS-eligible assets as at the redemption date + projected cash flow over 12 months. Requests in excess are scaled back pro rata; the portion not executed is treated as submitted for the next redemption date, WITHOUT priority over later requests
Redemption: cut-off 16:00 CET on the last business day of the quarter preceding the redemption date (factsheet: 90 calendar days). Subscription: factsheet 14 calendar days - the KID differs at 1 business day before month end.
Lock-up period: redemption is not possible during the first THREE (3) MONTHS after the sub-fund's first NAV date. In addition, exit costs of up to 5.00 %.
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.
5 classes known. All cost and risk figures on this page apply to LU3267163833.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3267163833 | basis of this page | not documented | 2.56% | 6/7 |
| LU3267163916 | not yet collected | not documented | not documented | not documented |
| LU3267164138 | not yet collected | not documented | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3267164054 | not yet collected | not documented | not documented | not documented |
| LU3267164211 | not yet collected | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Carmignac Gestion Luxembourg S.A., City Link - 7 rue de la Chapelle, L-1325 Luxembourg (an investment fund management company authorised by the CSSF, RCS B67549); PRIIP manufacturer: Carmignac Gestion S.A., 24 Place Vendome, 75001 Paris (AMF no. GP97008). Fund managers: Edouard Boscher, Alexis De Chezelles, Megan Noelle Chew (all since 31 Mar 2026)
BNP Paribas, Luxembourg Branch
The fund's launch date is 31 Mar 2026; first NAV 31 Mar 2026; term 99 years from launch (subject to early dissolution/extension)
Listed as “Carmignac S.A. SICAV - Part II UCI - ELTIF Evergreen“ · fund type: EU/foreign ELTIF, open-ended, all investors
As an ELTIF, accessible to both retail investors and professional investors ('semi-liquid, open-ended fund for all investors'). KID: investors who do not intend to withdraw their money within 5 years and who seek capital growth without a capital guarantee. (The factsheet itself is marked 'PROFESSIONALS ONLY'.)
Luxembourg, Germany, Austria, Switzerland, France, Belgium, Netherlands, Italy, Spain, Portugal, Ireland, United Kingdom, Sweden, Finland, Singapore
Strategy: predominantly secondaries, supplemented by primaries and direct co-investments (partnership with Clipway). In the case of secondaries and primaries, the management fees and carried interest of the respective GPs arise in addition at the level of the target funds acquired (structural double charging). Whether and to what extent these are included in the 2.56 % is not disclosed on the provider's website - explicit statement: not documented. For secondary investments the KID risk warning expressly notes that the fund cannot negotiate the contractual terms of the target funds
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.