Fund database › Private Credit
Fasanara Capital LtdLU3009807911Class A (EUR) Acc
The Fasanara ELTIF invests through the house's asset-based finance platform in short-dated receivables — trade finance and receivables rather than classic direct lending, as an ELTIF 2.0, launched in 2023, accumulating.
Monthly subscription; quarterly redemption with roughly one quarter's notice; orders are filled in stages across several dealing dates, complemented by an overall limit. No minimum holding period.
Designed for retail and professional investors; registered for distribution in ten countries, including Germany.
The only trade-finance profile in the field: the short maturities of the receivables generate natural liquidity that makes the staged redemption mechanics plausible — structurally closer to a money-market mindset than any other credit vehicle in the database.
Figures for class A (EUR) Acc (LU3009807911) · product data 12 Oct 2026 · sources: prospectus (as at 13 Feb 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Dec 2025, the unit price has gained 2.6% (cumulative, 0.5 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
2 monthly values · Source: price feed / provider document · 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 Sep 2023; a reliable NAV series of the class is available from Dec 2025. series incomplete (2/7 months).
What the prospectus permits: 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.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
6 holdings; the five largest account for 96.9% of the fund. 1.1% is held in the liquidity reserve.
Focus according to fund documents: Diversified, no sector breakdown 100%
Focus according to fund documents: Global, not broken down 100%
Among the largest positions: 6 loans; 6 names not disclosed.
Compartment S of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager.
Compartment R of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager.
Compartment BS of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager.
Compartment CG of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager.
Compartment W of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager and which is administered by a third-party Luxembourg management company.
Compartment AD of a Luxembourg securitization vehicle for which Fasanara Capital acts as programme manager.
Provider figures for the credit portfolio, not calculated by semiliquid.info. Providers report yield, remaining life and credit ratings under differing definitions — the basis of calculation is therefore shown with every figure. A comparison across funds only holds where the basis is the same.
Positions and shares according to the provider; 5 of 5 names not disclosed; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 1.85%, class A (EUR) Acc is below the median of the asset class (2.05%). On top comes a performance fee of 10% above a hurdle of 0% — with a high-water mark.
Based on the PRIIPs key information document of class A (EUR) Acc, hence comparable across providers. Median: 32 Private Credit funds in this database, data run 16 Oct 2026.
Subscription monthly. The prospectus dealing rules are not yet fully captured; therefore no date calculation, only the rules per prospectus.
| Frequency | monthly |
|---|---|
| Entry charge (max.) | 2% (not in the prospectus) |
Data as at 12 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
No liquidity score — the redemption frequency cannot be determined from 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 |
| Notice | 90 calendar days before redemption day |
| Gate | 10% of NAV on the redemption day per redemption day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | no |
| Liquidity tools | Gate 10% NAV per redemption day; staggered satisfaction of redemptions |
Redemptions quarterly with 90 calendar days' notice. They are met in tranches: 25% of the units tendered on the first redemption day, 33.3% on the second, 50% on the third and the remainder thereafter. Above this sits an overall limit per redemption day, stated in the KID as 10% of NAV but in the 2025 annual report as 12.5%.
The two documents available state different ratios: the KID dated 13 Feb 2026 an overall limit of 10% of NAV per redemption day, the audited 2025 annual report a gate of 12.5%. As no prospectus/PPM is available, the figure cannot be conclusively documented; in addition, the tiering (25%/33.3%/50% of the units) operates as a second, investor-level limit.
Data as at 12 Oct 2026 · Documents: 08.
27 classes. All cost and risk figures on this page refer to the basis class A (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) | 13 Feb 2026 | — |
| Annual / semi-annual report | 31 Dec 2025 | — |
| NAV series price feed / provider document | 30 Jun 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | 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 90 calendar days before redemption day, with 10% gate per redemption day.
Ongoing costs of 1.85% p.a. according to the PRIIPs KID for class A (EUR) Acc; the median of the Private Credit funds in this database is 2.05%; plus a performance fee of 10%.
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 Fasanara Tactical Private Credit Fund. Under the prospectus a gate of 10% per redemption day applies.
Same asset class, similar sub-strategy.
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Apollo Global Management · Part II SICAV · quarterly
Apollo Global Management · ELTIF 2.0 · quarterly
Apollo Global Management · ELTIF 2.0 · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.