Erste Asset ManagementLU3284407171Class PC-EUR-acc
The Erste ELTIF diversifies across private equity, infrastructure, private credit and — uniquely in the field — royalties, with a liquidity component, launched in 2026 for Austria's savings-bank network and neighbouring markets.
Monthly subscription; quarterly redemption with a good quarter's notice and a net gate; the initial commitment arises through the gate, a possible redemption fee and the anti-dilution mechanism.
Subscription from EUR 2,500 for retail investors with a long horizon, recommended holding period five years; registered in nine countries, including Germany.
The Central European bank-distribution ELTIF with the field's most unusual ingredient — royalties as a return source of their own beside the classic four asset classes: a diversification argument nobody else offers.
Figures for class PC-EUR-acc (LU3284407171) · product data 25 Sep 2026 · sources: prospectus (as at August 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Jul 2026, the unit price has lost 0.0% (cumulative, 0.1 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
2 monthly values · Source: secondary source (data portal) · 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 May 2026; a reliable NAV series of the class is available from Jul 2026.
What the prospectus permits: Direct investments 70%, secondaries 15%, primaries; liquidity via Broadly Syndicated Loans, short-dated bonds, cash
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
20 holdings; the five largest account for 8.2% of the fund.
Focus according to fund documents: Diversified, no sector breakdown 100%
Focus according to fund documents: Europe 50%, North America 40%, Other / unallocated 10%
Among the largest positions: 8 co-investments.
Positions and shares according to the provider; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.10%, class PC-EUR-acc is below the median of the asset class (2.30%). On top comes a performance fee of 15% above a hurdle of 0% — with a high-water mark.
For 2,500 EUR this means roughly 53 EUR per year.
For 2,500 EUR, no charge on purchase and up to 125 EUR on redemption.
Based on the PRIIPs key information document of class PC-EUR-acc, hence comparable across providers. Median: 16 Multi-Asset funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed and is published only 4 business days later.
The Board may determine the notice period and cut-off differently at its discretion …
Price = NAV at the end of the previous month.
NAV typically available 4 business days after the Dealing Day.
An order placed today is invested in — days (—). Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
Shown without a date because the prospectus does not quantify: payment. The remaining markers are calculated from the prospectus rules.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st business day of the month |
| Cut-off | 18 business days before dealing day · 17:00 Luxembourg · (before the anchor date) |
| Price | previous month-end |
| NAV publication | NAV typically available 4 business days after the Dealing Day; Valuation Day = last calendar day of the month, Valuation Point 17:00 Luxembourg |
| Minimum investment | 2,500 EUR |
| Entry charge (max.) | 0% (not in the prospectus) |
| Revocation | Retail cooling-off of 2 weeks; no cancellation thereafter; where the NAV is suspended, the request may be withdrawn until the end of the suspension |
| Business day | banks open the whole day for non-automated business in Luxembourg, unless otherwise stated in a Supplement (p. 12); Supplement 1 does not define any diverging |
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 Day = 1st Dealing Day per calendar quarter; lock-up of 2 years from the Share Class Launch Day.
NAV per unit less redemption fee (up to 5%)
Redemptions are possible only quarterly, on the first Dealing Day of the calendar quarter, with 67 business …
No date can be calculated from the captured rules — a determinable valuation day is missing. Shown are the prospectus figures.
No liquidity score — the payout period is not quantified in the prospectus.
The score needs a quantified redemption frequency, notice period and payout rule; as soon as the prospectus provides them, it is calculated.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | special rule, see prospectus |
| Notice | 67 business days before redemption day · 17:00 Luxembourg |
| Price | quarter-end |
| Gate | 5% net of NAV at the previous quarter-end per quarter; at least 33.33% of the UCITS-eligible assets on the redemption day (ELTIF Delegated Regulation, Annex I, option 1) |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% (discretionary) |
| Lock-up | fund-level, 24 months (fund launch) |
| Suspension | market/exchange closed; price sources unavailable; Force Majeure |
| Liquidity tools | Gating and redemption fee as LMTs under Art. 16(2)(b) AIFMD; in addition suspension, side pockets, dilution adjustment, redemption in kind |
| Switch / transfer | permitted to transferees meeting the eligibility criteria; the fund may refuse a transfer |
| Compulsory redemption | in the case of a Prohibited Person, failure to maintain the minimum holding, a fraction below one unit, protection of investors' interests |
Redemptions are possible only quarterly, on the first Dealing Day of the calendar quarter, with 67 business days' notice and only after a two-year lock-up from launch of the share class. NET redemptions per calendar quarter are limited to the LOWER of two thresholds: 5% of the NAV of the units outstanding across all share classes at the end of the preceding quarter, or 33.33% of the sub-fund's UCITS-eligible …
The Gate is subject to a double cap and applies the LOWER of the two figures: 5% of the NAV of the units outstanding (across all classes) as at the end of the preceding quarter OR 33.33% of the UCITS-eligible assets of the sub-fund on the redemption day under option 1 of Annex I to the ELTIF Delegated Regulation. NET redemptions are decisive.
Data as at 25 Sep 2026 · Documents: 08.
1 class. All cost and risk figures on this page refer to the basis class PC-EUR-acc.
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 |
|---|---|---|
| Key information document (PRIIPs KID) Basisinformationsblatt, as at 1 Jun 2026 | 1 Jun 2026 | — |
| Prospectus | 8 May 2026 | — |
| NAV series secondary source (data portal) | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Mar 2026 | 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, notice period 67 business days before redemption day, with 5% gate per quarter.
Ongoing costs of 2.10% p.a. according to the PRIIPs KID for class PC-EUR-acc; the median of the Multi-Asset funds in this database is 2.30%; plus a performance fee of 15%.
2,500 EUR in class PC-EUR-acc.
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 Erste Private Markets Evergreen ELTIF. Under the prospectus a gate of 5% per quarter applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.