Fund database › Private Equity
CVC Capital Partners · LU2926063467
Part II SICAV Private Equity Luxembourg Article 8 Secondaries Co-Investments Buyout
Unit price (NAV) in EUR · 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.
Target return per the provider: approximately 13.9 % p.a. (favourable KID scenario); moderate scenario 11.7 %
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 | 1.25% |
| Total ongoing costs | 5.70% |
| Entry charge max. | not documented |
| Redemption fee | 5.00% |
| Performance fee | not documented |
| Hurdle rate | not documented |
| High-water mark | no |
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.
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.
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.
quarterly
5 % of NAV per quarter
not documented
no lock-up known; recommended holding period 8 years
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.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
CVC Europe Fund Management S.à r.l., Luxembourg (external AIFM, authorised by the CSSF under the 2013 Law; responsible for risk and portfolio management and acting as Global Distributor)
CVC PES SICAV (the umbrella) was incorporated on 2 Oct 2024 (RCS Luxembourg B290074) and authorised by the CSSF on 4 Nov 2024; initial capital EUR 30,000, which must rise to EUR 1,250,000 within 12 months of authorisation. The SICAV is established for an indefinite period. The main body of the prospectus does not state a separate launch date for the CVC-PE sub-fund.
Offered primarily through intermediaries to 'Eligible Investors'; target markets are the EEA, the UK, Switzerland, Hong Kong, Singapore and certain further jurisdictions. Class-specific minimum subscription amounts (Minimum Subscription Amount), minimum residual holdings (Minimum Residual Holding Amount) and eligible-investor criteria are governed by the Sub-Fund Annex
CVC selection list: Austria, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Italy, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, UK, Jersey, Singapore, Hong Kong
MULTI-LAYERED STRUCTURE WITH AN EXPLICIT ANTI-DOUBLE-CHARGING CLAUSE. The fund invests in a mix of PRIMARY COMMITMENTS to CVC funds, SECONDARY MARKET TRANSACTIONS and DIRECT CO-INVESTMENTS alongside CVC Private Equity Funds; the structure comprises Master Sub-Funds, Aggregators, Intermediate Vehicles and Parallel Entities. IMPORTANT — prospectus section 5.8 'Fees Arising at Multiple Levels' verbatim: 'To the extent the Management Fee and/or Incentive Allocation (if any) is charged to the relevant Master Sub-Fund, the relevant Sub-Fund's Aggregator, any Intermediate Vehicle below such Sub-Fund's Aggregator, any Parallel Entity to such Sub-Fund or Master Sub-Fund or otherwise, the Management Fee and/or Incentive Allocation (if any) paid at such level WILL BE CREDITED AGAINST the Management Fee and/or Incentive Allocation (if any) due at any other level TO ENSURE THAT SHAREHOLDERS WILL ONLY BE CHARGED SUCH MANAGEMENT FEE AND/OR INCENTIVE ALLOCATION ONCE.' Double charging is therefore contractually excluded within the CVC structure. NOT captured by this clause are the fees of THIRD-PARTY managers in the case of secondary investments outside the CVC structure — this explains the total cost level of approximately 5.7 % p.a. disclosed in the KID despite a 1.95 % management fee and the absence of carry
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.