Fund databasePrivate Credit

Fasanara Tactical Private Credit Fund

Fasanara Capital Ltd · LU3009807911

ELTIF 2.0 Private Credit Luxembourg Article 6 27 share classes ↓ Distressed / Special Situations

NAV
Fund currency
Income treatment
Performance
Ongoing costs
Min. investment
Redemptionquarterly
Risk (SRI)

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.18.00%

Target return per the provider: Target: approx. 20 % net IRR

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 year2023
Fund sizeUSD 200mas at H1 2025 (press statement
Currency
Income treatment
SFDRArticle 6
Recommended holding
Liquidity buffer
Leverage limit50.00%

Risk indicator not documented 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

Approximation (qualitative)% of NAVas at 21 Aug 2026

Diversified, no sector breakdownThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Fondsdokumente des Anbieters (KID/Prospekt/Präsentation), qualitative Angabe ohne Prozentwerte — Belegzitate in den Spalten 'Text: Sektorfokus' und 'Text: Regionenfokus'

Geographic breakdown

Approximation (qualitative)% of NAVas at 21 Aug 2026

Global, not broken downThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Fondsdokumente des Anbieters (KID/Prospekt/Präsentation), qualitative Angabe ohne Prozentwerte — Belegzitate in den Spalten 'Text: Sektorfokus' und 'Text: Regionenfokus'

Strategy

Distressed / Special Situations

Receivables (trade receivables/invoices of SMEs), consumer loans, real estate loans, sports lending, special situations, liquid credit; receivables + consumer together approx. 70 % of the portfolio; short maturities (SME receivables 60–90 days, consumer loans up to 12 months)

03Costs

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

Management feenot documented
Total ongoing costsnot documented
Entry charge max.not documented
Redemption feenot documented
Performance feenot documented
Hurdle ratenot documented
High-water marknot documented

How the performance fee works

Not published. The structure (Fasanara Investments S.A. SICAV-RAIF, sub-fund Fasanara Tactical Private Credit Fund, AIFM Ascender Fund Partners Luxembourg, SFDR Art. 6, monthly subscription, quarterly redemption) is documented, the fee mechanics are not. According to provider publications the strategy targets a net IRR of approx. 20 %; a carry rate is not published.

Costs per the key information document

Not publicly disclosed; no freely accessible PRIIPs KID with a cost breakdown is available.

04Subscription & entry

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

Subscriptionmonthly
Minimum investmentnot documented
Entry chargenot documented
Rec. holding periodnot documented

Subscription per the document

monthly

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.

1 · Lock-upnot documented
2 · Notice periodunknown
3 · Redemption datequarterly
4 · Gatenot documented
5 · Payoutnot documented

Redemption per the document

quarterly

Gate per the document

not documented

Notice period

not documented

Lock-up

not documented

06Share classes

27 classes known. All cost and risk figures on this page apply to LU3009807911.

ISINStatusMin. investmentOngoing costsSRI
LU3009807911basis of this pagenot documentednot documentednot documented
LU3009805469not yet collectednot documentednot documentednot documented
LU3009805899not yet collectednot documentednot documentednot documented
+ 24 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU3009806194not yet collectednot documentednot documentednot documented
LU3009806277not yet collectednot documentednot documentednot documented
LU3009806350not yet collectednot documentednot documentednot documented
LU3009806434not yet collectednot documentednot documentednot documented
LU3009806780not yet collectednot documentednot documentednot documented
LU3009806863not yet collectednot documentednot documentednot documented
LU3009806947not yet collectednot documentednot documentednot documented
LU3009807085not yet collectednot documentednot documentednot documented
LU3009807168not yet collectednot documentednot documentednot documented
LU3009807242not yet collectednot documentednot documentednot documented
LU3009807671not yet collectednot documentednot documentednot documented
LU3009807754not yet collectednot documentednot documentednot documented
LU3009807838not yet collectednot documentednot documentednot documented
LU3009808059not yet collectednot documentednot documentednot documented
LU3009808133not yet collectednot documentednot documentednot documented
LU3009808489not yet collectednot documentednot documentednot documented
LU3009808562not yet collectednot documentednot documentednot documented
LU3009808992not yet collectednot documentednot documentednot documented
LU3009809024not yet collectednot documentednot documentednot documented
LU3009809297not yet collectednot documentednot documentednot documented
LU3108429740not yet collectednot documentednot documentednot documented
LU3108429823not yet collectednot documentednot documentednot documented
LU3108430086not yet collectednot documentednot documentednot documented
LU3108430169not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

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

AIFM / management company

According to the available information, Ascender Fund Partners Luxembourg is the AIFM of the ELTIF; Fasanara has worked with Ascender as its AIFM partner since 2017.

Launch date

F-TAC strategy: Q3 2023 (seeded with USD 10m in September 2023); launch date of the ELTIF share classes n/a

BaFin database

Listed as “FASANARA INVESTMENTS IV SA, SICAV-FONDS PARTIE II, ELTIF - TACTICAL PRIVATE CREDIT FUND“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70173098

Source: ESMA ELTIF register (Art. 3(3) ELTIF Regulation), as at 31 Jul 2026

Eligible investors

Not documented (ELTIF 2.0 in principle allows retail + professional; the specific allocation by share class is not documented)

Distribution authorisation

Spain (registration as a foreign AIF with the CNMV for FASANARA INVESTMENTS S.A., SICAV-RAIF – Fasanara Tactical Private Credit Fund); further countries n/a

Fee layers / double charging

Not documented – multi-strategy fund-of-funds structure across Fasanara's own sub-strategies (receivables, consumer loans, real estate loans, sports lending, special situations, liquid credit); double charging at the target-fund level cannot be ruled out, but is not documented.

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.