LeanVal Asset Management AG, Frankfurt am Main · LI0435428979
ELTIF 2.0 Real Estate Liechtenstein Article 6 2 share classes ↓ Mezzanine / Subordinated
Unit price (NAV) in EUR · share class EUR · 92 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.
| Performance 12M · as at 30 Jun 2026 | 33.36% |
| Since launch p.a. · as at 30 Jun 2026 | 0.50% |
Target return per the provider: No quantified target return ('generation of a positive return and long-term capital growth'). PRIIPs scenarios Class EUR, EUR 10,000: moderate scenario EUR 10,870 after 1 year (+8.7 %) and EUR 18,290 after 8 years (+7.9 % p.a.); unfavourable EUR 9,100 (-9.0 %) and EUR 10,430 (+0.6 % p.a.); favourable EUR 13,640 (+36.4 %) and EUR 21,970 (+10.4 % p.a.); stress EUR 9,100 (-9.0 %) and EUR 8,830 (-1.6 % p.a.). Return before costs 11.3 % / after costs 7.2 %.
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 | 1.50% |
| Total ongoing costs | 2.50% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 9.00% |
| Hurdle rate | not documented |
| High-water mark | yes |
Median across 5 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.
monthly (valuation interval 'monthly/month-end')
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; notice must be given 90 days before the date.
Quarterly – redemption dates 31 Mar / 30 Jun / 30 Sep / 31 Dec
Not documented (redemption terms as per the sales documents)
Not documented (for redemptions; for subscriptions T-15)
'This collective investment scheme has no minimum holding period but has been set up for a long-term investment. You should therefore be prepared to stay invested for at least 8 years.'
2 classes known. All cost and risk figures on this page apply to LI0435428979.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LI0435428979 | basis of this page | not documented | 2.50% | 4/7 |
| LI0435428987 | documented | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
CAIAC Fund Management AG, Industriestraße 2, FL-9487 Bendern, Liechtenstein (fund management company/AIFM, supervised by the FMA Liechtenstein); portfolio manager: LeanVal Asset Management AG (LVAM AG), Frankfurt am Main, supervised by BaFin
Kaiser Partner Privatbank AG
The fund documents diverge from one another: the factsheet gives 1 Dec 2018 as the launch date for the Class EUR (initial issue price EUR 1,000), whereas the PRIIPs KID of 23 Dec 2025 gives 3 Nov 2018. Class CHF: 1 Feb 2025 (initial issue price CHF 1,000). The fund's term is expected to end on 31 Oct 2039 and can be extended twice by a maximum of 5 years each (at the AIFM's discretion).
Listed as “Leanval Private Debt Fonds“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70172256
'The fund is suitable for investors with an increased appetite for risk who accept high risks ... Retail investors are advised to invest only a small part of their overall investment portfolio in an ELTIF.' Marketing material for 'professional clients', 'retail clients' and 'eligible counterparties' pursuant to Paragraph 67 Abs. 2, 3 und 4 WpHG. Distribution authorisation: Germany and Liechtenstein
According to the information available, authorised for distribution in Germany.
Fund level (portfolio management LeanVal Asset Management AG, Frankfurt; management company, risk management and depositary each remunerated separately). No master/feeder or target-fund structure documented; the mezzanine loans are advanced directly. Costs arising at the level of the financed property companies do not hit the fund as a fee (creditor position)
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.