Fund databasePrivate Credit

Dawson Portfolio Finance (Lux) SICAV

Dawson Partners · LU3072854873

Part II SICAV Private Credit Luxembourg Article 6 Secondaries Co-Investments Primaries / Target Funds

NAV
Fund currencyUSDclass tracked: EUR
Income treatmentboth
Performance
Ongoing costs3.35% p.a.
Min. investment
Redemptionquarterly
Risk (SRI)6 / 7

01Performance

We do not yet have a NAV series for this fund. Semi-liquid funds often publish their unit prices only monthly or quarterly — and not always publicly.

Provider figures

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.31.70%

Target return per the provider: No target return. KID scenarios (EUR 10,000, 5 years): moderate 8.9 % p.a. net (EUR 15,290), favourable 13.8 % p.a., unfavourable 3.5 % p.a.; RIY footnote 15.7 % p.a. before / 8.9 % p.a. after costs. 1-year scenarios: moderate 10.4 %, favourable 37.5 %, unfavourable -14.4 %

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2025
Fund sizeUSD 314m
CurrencyUSD
Income treatmentboth
SFDRArticle 6
Recommended holding5 yrs
Liquidity buffer
Leverage limit40.00%

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.

Sector breakdown

Actual portfolio% of NAVas at 30 Jun 2026

Industrials & manufacturing26.0%
Healthcare & life sciences21.0%
Technology & software15.0%
Consumer discretionary13.0%
Financial services10.0%
Other15.0%
Source: Dawson (Lux) Portfolio Finance - June 2026 Fact Sheet, S.1, 'PORTFOLIO COMPOSITION' -> 'SECTOR' · Document

Geographic breakdown

Actual portfolio% of NAVas at 30 Jun 2026

North America97.0%
Europe3.0%
Source: Dawson (Lux) Portfolio Finance - June 2026 Fact Sheet, S.1, 'PORTFOLIO COMPOSITION' -> 'REGION' · Document

Strategy

Secondaries Co-Investments Primaries / Target Funds

Preferred equity and other structured interests in vehicles that hold diversified North American private equity portfolios; access via secondaries, GP-led transactions, primaries and co-investments; focus on downside protection, high asset coverage and selective participation in equity upside

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee3.35%
Total ongoing costs3.35%
Entry charge max.0.00%
Redemption fee2.00%
Performance fee10.00%
Hurdle rate5.00%
High-water markyes

In context: ongoing costs

This fund
3.35%
Median Private Credit
2.19%

Median across 23 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 the performance fee works

KID wording: 'The product is subject to a performance fee. A carried interest fee of 10% is charged on any return above a hurdle rate of 5% per year, with a full catch-up mechanism.' Cost effect in the example EUR 160 per EUR 10,000 p.a. Charged on the RETURN (Sub-Fund Net Profits) above the 5 % hurdle, with full catch-up
Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Costs per the key information document

Class A A EUR (H): management and other operating costs EUR 335 per EUR 10,000 p.a. (3.35 % p.a.); transaction costs 0.0 %; performance fee EUR 160 p.a. in the example. Total costs EUR 495 on exit after 1 year and EUR 5,098 after 5 years. Annual cost effect (RIY): 5.0 % after 1 year and 6.8 % p.a. after 5 years (recommended holding period); moderate scenario 15.7 % p.a. before costs, 8.9 % p.a. after costs.
Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentnot documented
Entry chargeup to 0.00%
Rec. holding period5 years

Subscription per the document

Monthly - 'The NAV per Share is calculated monthly and made available as promptly as practicable thereafter.'

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

05Redemption & liquidity

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 60 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 12 months after subscription no redemption is possible.

1 · Lock-up12 months from subscription
2 · Notice period60 days before the date
3 · Redemption datequarterly
4 · Gatemax. 5 % per date
5 · Payout75 days after the date

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 135 to 227 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.

Redemption per the document

Quarterly - 'Shareholders may request redemptions quarterly, subject to a 60-day notice period.'

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Gate per the document

'Redemptions are generally limited to 5% of Fund net asset value (NAV) per quarter and 20% of Fund NAV per year.'

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Notice period

60 days' notice period for redemptions ('subject to a 60-day notice period'). Share-class switch: application at least 6 bank business days before the desired conversion date

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Lock-up

No hard lock-up; soft lock via early redemption fee: 2 % on redemption up to the 1-year anniversary (Class A A EUR (H)); 1-2 years depending on the share class

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Liquidity score: 3.0 of 5

Redemption frequency
3 / 5 · 40 %
Gate / redemption cap
3 / 5 · 25 %
Notice period
3 / 5 · 20 %
Redemption fee
3 / 5 · 15 %

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.

06Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

Management company: One Fund Management S.A., 4 Peternelchen, L-2370 Howald, Luxembourg (CSSF-authorised). Investment Manager: Dawson Partners Inc. (full discretion over portfolio composition)

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Depositary

Northern Trust Global Services SE

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Launch date

No launch date in the KID; the document is dated 9 Jul 2025. The fund has an indefinite term ('The Fund has an indefinite term')

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Eligible investors

'The Fund is intended for institutional and high-net-worth investors with a long-term investment horizon who can accept the risks associated with illiquid private equity investments. Investors should be prepared to hold their investment for at least 3-5 years.'

Source: KID_LU3072854873_ClassA-A-EUR-H (Dawson Portfolio Finance (Lux) SICAV, Class A A EUR (H), 'Accurate as of' 9 Jul 2025)

Distribution authorisation

Luxembourg, USA, UK, EEA, Germany and 6 further countries

Fee layers / double charging

Predominantly fund level, but with target-fund exposure: the fund acquires structured interests (preferred equity and similar) in vehicles that hold PORTFOLIOS OF PRIVATE INVESTMENT FUNDS and companies (approx. 1,000 investments), via secondaries, GP-led deals, primaries and co-investments. At the level of the underlying PE funds, their fees and carry are incurred in addition (double charging on a look-through basis); diversification limits are expressly measured on a look-through basis

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.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.