Fund database › Private Equity
Generali Investments / Lumyna Investments · FR0013504479
FCPR Private Equity France Article 6 daily dealing Secondaries Co-Investments Growth Equity
Unit price (NAV) in EUR · share class EUR B2 · 59 data points
Calendar years, calculated from the NAV series
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: No explicit target return ('croissance du capital a long terme'). KID scenarios over 3 years (after costs): stress -16.2 % p.a. (EUR 5,895), unfavourable 0.6 % p.a., moderate 6.1 % p.a. (EUR 11,960), favourable 17.2 % p.a. (EUR 16,117)
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 5 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 | 2.75% |
| Total ongoing costs | 3.28% |
| Entry charge max. | 0.43% |
| Redemption fee | 0.00% |
| Performance fee | 15.00% |
| Hurdle rate | 5.00% |
| High-water mark | not documented |
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.
Unrestricted ('souscriptions et rachats libres'); fund valuation twice a month (15th and last calendar day) according to the previous database status — not specified in the KID
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 daily.
'Les investisseurs peuvent a tout moment faire racheter leur investissement SANS PENALITE. Les rachats sont possibles CHAQUE JOUR OUVRE.' — daily redemption without a penalty fee
No redemption threshold disclosed in the PRIIPs KID (daily liquidity).
Not documented – no notice period disclosed (daily redemption).
No lock-up, no penalty fee on early redemption ('vous pouvez faire racheter votre investissement sans penalite a tout moment')
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Management company: FundRock Management Company S.A., H2O Building, 33 Rue de Gasperich, L-5826 Hesperange (CSSF-regulated). Sub-delegated manager: Adams Street Partners LLC. Delegated manager and distributor: Lumyna Investments Limited (FCA-regulated, a subsidiary of the Assicurazioni Generali Group). Fund supervision in France by the AMF
State Street Bank International GmbH, Paris branch
'Date de lancement de la part Capitalisation: Decembre 2020'
KID target market: investors seeking growth via an actively managed multi-asset fund; investors with BASIC KNOWLEDGE, informed and experienced investors; retail investors who receive investment advice or portfolio management; investment horizon of three years or more; ability to bear a total loss. Distributed EXCLUSIVELY via Generali Vie life insurance policies (unite de compte)
France (exclusively Generali Vie policies); distribution responsibility France/Luxembourg
DOUBLE CHARGING VERY LIKELY FOR STRUCTURAL REASONS: portfolio management is sub-delegated to Adams Street Partners LLC, one of the oldest private equity fund-of-funds managers; the 'Private Equity World' strategy is set up as a global fund of funds. At target-fund level, the management fees and carried interest of the respective GPs therefore arise in addition. There is also a distribution/management chain of Generali Investments — Lumyna Investments — FundRock (management company) — Adams Street (portfolio manager). Explicit quantification: n/a
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.