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Goldman Sachs AlternativesLU3169042382Class 1869A
The infrastructure building block of the G-Series combines direct investments with infra secondaries — a segment where Goldman Sachs is among the oldest players — globally across the mid market, as a Luxembourg vehicle, launched at the end of 2024.
Monthly subscription; quarterly redemption with a quantified limit and carry-over; no lock-up for the main share class, redemptions in the first year incur a fee. A liquidity reserve and a credit line support the mechanics.
Subscription from EUR 25,000 for professional and qualified investors; not registered for distribution in Germany.
The secondaries component sets it apart from almost all infrastructure competitors — seasoned fund stakes at a discount instead of expensive primary-market entry: an approach that, in the infrastructure field, only Hamilton Lane otherwise runs systematically.
Figures for class 1869A (LU3169042382) · product data 19 Aug 2026 · sources: prospectus (as at 30 Sep 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Dec 2025, the unit price has gained 5.1% (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 Oct 2024; a reliable NAV series of the class is available from Dec 2025. distribution policy not verified; series incomplete (2/7 months).
What the prospectus permits: Directly originated core-plus/value-add mid-market infrastructure, infrastructure secondaries (vintage strategies), liquid assets
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The five largest holdings account for 62.8% of the fund. 27.7% is held in the liquidity reserve — enough for 17 months of maximum redemptions.
How the reserve is invested: Liquidity Assets – Bank Loans (aggregate position) 15.0% · Listed debenture loans (total) 10.8% · Goldman Sachs Financial Square Government Fund 7.7%. It covers 17 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Focus according to fund documents: Infrastructure (not broken down) 100%
Focus according to fund documents: Global, not broken down 100%
Among the ten largest: 6 equity holdings, 3 loans, 1 LP secondary; 3 names not disclosed.
Aggregate position of smaller equity holdings in infrastructure companies that are not shown individually, each below 5% of net asset value.
Aggregate position of loans to infrastructure companies in the portfolio of G-Infra (Lux), the infrastructure fund of Goldman Sachs Alternatives.
Aggregate position for secondary interests in various infrastructure funds held through a consolidated intermediate entity.
WSIP IV Palace Holdco 1 is a Luxembourg holding company of West Street Infrastructure Partners IV, the infrastructure fund of Goldman Sachs Alternatives.
US holding company of an infrastructure investment assigned to the industrials sector in the report.
Data center platform founded by Goldman Sachs Asset Management (West Street Infrastructure Partners) that develops …
Aragon HoldCo GmbH (Göttingen) is the holding company of the amedes group …
Norwegian operator of service vessels and wellboats for salmon farming, providing fish transport, treatments and net services to aquaculture companies.
BrightNight, based in West Palm Beach, Florida, develops, builds and operates utility-scale solar, wind and battery storage projects in the US …
Singapore-based financing company associated with Goodpack, a lessor of reusable steel intermediate bulk containers used to ship natural rubber and other industrial goods.
Positions and shares according to the provider; 3 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.
Cost figures of the main class according to provider documents. On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 25,000 USD, no charge on purchase and up to 1,250 USD on redemption.
Based on the PRIIPs key information document of class 1869A, hence comparable across providers.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed.
KYC/AML and a complete subscription form are conditions of acceptance by the cut-off, 4 …
not addressed; the Board may only reject subscriptions or defer them to later Dealing …
Price = NAV per share on this 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: NAV publication, payment. The remaining markers are calculated from the prospectus rules.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 4 business days before dealing day · 18:00 Luxembourg · (before the anchor date) |
| Price | valuation day |
| NAV publication | Valuation Day = last business day of the calendar month; per the main section, the NAV per unit is available within a reasonable period thereafter, no … |
| Payment | pre-funding |
| Minimum investment | USD 25,000 (R, I0 and 1869 classes), USD 5,000,000 (RSD classes), USD 1,000 (classes A, B, C, D) |
| Entry charge (max.) | 3.5% (distributor) |
| Subscription limit | The Board may reject subscriptions in whole or in part or defer them to later Dealing Dates; classes RSD0D/RSD0A capped at USD 100m in aggregate, pro rata in the event of oversubscription. |
| KYC / documents | KYC/AML and a complete subscription form are conditions of acceptance by the cut-off, 4 business days before the Dealing Date |
| Revocation | not regulated apart from the retail cancellation right |
| Business day | banks open for business in Luxembourg, London and New York (p. 17); no differing value in the Sub-Fund Supplement |
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 19 Aug 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.
Redemption Date = last business day of each calendar quarter and at the same time Valuation Day.
NAV per unit less redemption fee (up to 5%)
NAV at previous quarter-end (—)
redemption day
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off, NAV publication. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 135 days from decision to cash.
Rank 90 of 112 · rank 16 of 23 in Infrastructure · no lock-up · exit costs of 5.0% included
Money typically within half a year — on average 135 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 30 Sep 2026 · score run 16 Oct 2026 · How 135 days become 6 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 18:00 Luxembourg · (counted from month-start) |
| Price | quarter-end |
| Payout | 60 calendar days after redemption day |
| Gate | 5% gross of NAV at the previous quarter-end per quarter |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% (24 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | Valuation sources or markets unavailable; transfer and repatriation restrictions; liquidation or restructuring |
| Liquidity tools | Redemption Cap of 5% per quarter; discretionary gates below the cap; full or partial suspension of redemptions; bringing forward the Redemption Cut-Off. |
| Switch / transfer | permitted with the prior written consent of the Board |
| Compulsory redemption | Loss of Eligible Investor status; regulatory, tax or ERISA disadvantages; Cause (breach of contract, misconduct, impermissible transfer). |
Redemption Cap: the total of all redemptions per redemption date is limited to 5% of the sub-fund NAV per calendar quarter, measured against the NAV as at the immediately preceding redemption date (after redemptions and distributions, before subscriptions). Orders in excess are scaled back pro rata to the NAV of the units submitted and are deemed to be submitted for the next date without priority.
The gate is expressed as a “Redemption Cap” of 5% of the sub-fund NAV per calendar quarter, measured against the NAV at the immediately preceding redemption date; excess orders are scaled back pro rata and are treated, without priority, as submitted for the next date.
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
3 classes. All cost and risk figures on this page refer to the basis class 1869A.
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 |
|---|---|---|
| Annual / semi-annual report | 11 Aug 2026 | — |
| 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, with 5% gate per quarter. Subscribing today, it takes on average 135 days from decision to cash under the prospectus deadlines; a gate is not factored in.
From 1,000 USD in the smallest class in USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the G-Infra (Lux). Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
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Brookfield Asset Management · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.