LBP AM European Private Markets · FR001400RTA3
ELTIF 2.0 Multi-Asset France Article 8 Infrastructure
Unit price (NAV) in EUR · share class A1 · 17 data points
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 official target return. KID scenarios (EUR 10,000, 8 years): Tensions and Défavorable each -6.3 % p.a. (EUR 5,946), Intermédiaire +6.83 % p.a. (EUR 16,965), Favorable +8.66 % p.a. (EUR 19,439). 1 year: -26.5 % / -26.5 % / +4.3 % / +20.0 %
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 4 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 | 2.56% |
| Total ongoing costs | 2.56% |
| Entry charge max. | 3.00% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | not documented |
Median across 14 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.
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 monthly; notice must be given 30 days before the date.
Monthly – 'Les rachats de parts sont exécutés mensuellement sur la base de la prochaine Valeur Liquidative de Rachat (cours inconnu) et sont centralisés au plus tard en J-1 mois, à 13h, auprès de CACEIS Bank'
In place, but not quantified: 'La Société de Gestion de l'OPC devra, quand les conditions décrites dans le règlement de l'OPC sont remplies, déclencher un dispositif de plafonnement des rachats (« Gates »)'. In addition: 'Les modalités de rachat pourront être différentes en fonction des contraintes de liquidité du Produit ou en cas de rachat significatif'
Centralisation of redemption requests at the latest one month in advance (J-1 month) by 13:00 at CACEIS Bank – effectively around 1 month's lead time
Lock-up period ('Période de Blocage') until 15 Mar 2026 – 'L'investisseur ne pourra demander le rachat total ou partiel de ses parts avant l'expiration de la Période de Blocage, soit avant le 15 mars 2026'. Retail investors may withdraw their subscription within two weeks of signing without penalty
Who stands behind the fund, who it is authorised for — and what the figures rest on.
LBP AM (La Banque Postale Asset Management), 36 Quai Henri IV, 75004 Paris; AMF authorisation GP-20000031. Responsible unit: LBP AM European Private Markets, Capital Solutions department (headed by Irène d'Orgeval); platform head Peter Arnold. LBP AM is 75 % owned by La Banque Postale and 25 % by Aegon Asset Management
CACEIS BANK (depositary; also the centralising agent for redemption requests)
Launch press release dated 27 Jan 2025 ('LBP AM European Private Markets launches its first ELTIF 2.0 fund'). Term of the product: 99 years. The lock-up period ('Période de Blocage') ends on 15 Mar 2026
'Le produit s'adresse aux investisseurs de détail qui appréhendent les principales caractéristiques et risques du produit'; only the persons named in the prospectus section 'Investisseurs concernés' are entitled to subscribe. The fund is approved for life insurance policies and pension plans (assurance vie / PER); ELTIF 2.0 with distribution to professional and retail investors
France (via La Banque Postale and LBP AM distribution channels); further countries n/a
TWO LAYERS / DOUBLE CHARGING IS INHERENT IN THE SYSTEM: LBPAM Private Opportunities is a FUND OF FUNDS ('active selection approach') – the portfolio consists of funds managed either by LBP AM European Private Markets itself or by third-party managers, across several vintages and three asset classes (private corporate credit, private equity, infrastructure equity and debt). At target-fund level their management fees and carried interest arise in addition to the fund-of-funds fee. An offset rule for in-house target funds 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.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.