Fund database › Private Equity
Partners GroupLU2716886796Class PC EUR H ACC
Partners Group Private Equity Opportunities transfers the house's Global Value strategy into the ELTIF 2.0 framework: secondaries, primaries and buyouts globally, launched in 2024, accumulating — from a co-inventor of the evergreen format.
Monthly subscription; quarterly redemption with roughly two months' notice and a quantified net quarterly gate; no lock-up for the main share classes. The gate is subject to the availability of sufficient liquid assets.
Subscription from EUR 10,000 for retail and professional investors, recommended holding period five years; with roughly twenty-seven distribution countries including Germany, one of the most broadly registered products in the field.
The retail edition of the field's oldest private-equity evergreen strategy — two decades of the house's experience meet the ELTIF framework. Noteworthy among the terms: the performance fee applies without a hurdle rate — the exception in the field, not the rule.
Figures for class PC EUR H ACC (LU2716886796) · product data 26 Sep 2026 · sources: prospectus (as at April 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in May 2025, the unit price has gained 13.8% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
15 monthly values · Source: secondary source (data portal), 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 Mar 2024; a reliable NAV series of the class is available from May 2025.
What the prospectus permits: Focus on direct investments and secondaries with an emphasis on operating assets with downside protection; portfolio 31 May 2026: direct 76%, secondary 20%, primary 4%; mid-market buyout focus; exposure to >150 GPs
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
76 holdings; the five largest account for 27.2% of the fund. 34.0% is held in the liquidity reserve — enough for 20 months of maximum redemptions.
How the reserve is invested: United States Treasury Bill 0.00% 13.7% · Froneri International Limited / First Lien (LX244533) 0.7% · Admiral Bidco GmbH / First Lien (LX284437) 0.6% · 7 more 2.8%. It covers 20 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 7 equity holdings, 2 GP-led secondaries, 1 primary fund.
Multi-asset secondary transaction in Partners Group funds comprising stakes in three service companies in the DACH region.
Provider of inspection and integrity services for pipelines and other critical energy infrastructure, including in-line inspection using pigging technology; headquartered in Stans …
Velvet Care is the largest independent producer of tissue paper products in Central and Eastern Europe (toilet paper, kitchen towels, tissues; brands include Velvet and Foxy) …
St Croix Hospice is a pure-play hospice provider in the US Midwest, delivering palliative and end-of-life care mainly to patients at home and in care facilities.
Continuation vehicle through which ProA Capital (Madrid) extends its holding in IPD, a Barcelona-based manufacturer of prosthetic and implant components for the dental industry.
Breitling is a Swiss luxury watchmaker based in Grenchen, known for chronographs and pilot watches, which sells through its own boutiques and retailers worldwide.
Techem is a submetering service provider based in Eschborn that measures and bills heat and water consumption in rental apartments and also offers smoke detectors and drinking water …
Afileon is a German platform built from scratch by Partners Group that provides accounting, tax advisory and payroll services to small and mid-sized businesses.
International Schools Partnership (ISP), a group of private K-12 schools founded by Partners Group in 2013 and headquartered in London.
Volpi Capital Investments III is the third fund of Volpi Capital (London), a private equity investor in software-based and tech-enabled B2B companies in the lower mid-market.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; holdings as at 31 Jul 2026, reserve as at 30 Jun 2026; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.68%, class PC EUR H ACC is above the median of the asset class (2.60%). On top comes a performance fee of 15% above a hurdle of 0% — with a high-water mark.
For 10,000 EUR this means roughly 268 EUR per year; the cheapest class with a cost figure is EB-I USD ACC (2.27%, from 25,000,000 USD).
For 10,000 EUR, a one-off up to 500 EUR on purchase and up to 500 EUR on redemption.
Based on the PRIIPs key information document of class PC EUR H ACC, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed and is published only 21 business days later.
The Board may set the Notice Period and cut-off time differently at its discretion.
Price = NAV at the end of the previous month.
NAV usually available on the 21st business day after the Dealing Day.
after NAV publication: 4 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st business day of the month |
| Cut-off | 25 business days before dealing day · 17:00 Luxembourg · (before the anchor date) |
| Price | previous month-end |
| NAV publication | NAV usually available on the 21st business day after the Dealing Day; valuation day last calendar day of the month, Valuation Point close of business |
| Payment | after NAV publication: 4 business days after NAV publication |
| Minimum investment | 10,000 USD |
| Entry charge (max.) | 5% (Fund) |
| Revocation | not addressed; in the event of a suspension the request may be withdrawn until the end of the suspension |
| Business day | banks open the whole day for non-automated business in Luxembourg, unless otherwise stated in a Supplement (p. 17); Supplement 1 does not define otherwise |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 18 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption day = 1st business day after the valuation day in each calendar quarter.
NAV per unit less redemption fee (up to 5%)
Quarterly gate: net redemptions (including related switches) are in principle capped per quarter at 5% of the …
No date can be calculated from the captured rules — a determinable valuation day is missing. Shown are the prospectus figures.
Money typically within half a year — on average 172 days from decision to cash.
Rank 38 of 112 · rank 9 of 38 in Private Equity · no lock-up · no fixed redemption fee
Confidence medium — waiting time approximated · prospectus as at 15 Apr 2026 · score run 16 Oct 2026 · How 172 days become 37 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 | special rule, see prospectus |
| Notice | 65 business days before redemption day · 17:00 Luxembourg |
| Price | quarter-end |
| Payout | 4 business days after NAV publication |
| Gate | 5% net of NAV at the previous quarter-end per quarter; only to the extent that sufficient UCITS-eligible assets are available on the Dealing Day … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% (discretionary) |
| Lock-up | fund-level, 18 months (the constitutive documents) |
| Suspension | market/exchange closed; price sources unavailable; Force Majeure |
| Liquidity tools | Redemption fee and redemption in kind as LMTs under Art. 16(2)(b) AIFMD; in addition suspension and Side Pockets |
| Switch / transfer | permitted to transferees meeting the eligibility criteria; the fund may refuse a transfer |
| Compulsory redemption | in the case of a Prohibited Person, failure to meet the Eligible Investor criteria, Late Trading/Market Timing, or failure to maintain the minimum holding |
Quarterly gate: net redemptions (including related switches) are in principle capped per quarter at 5% of the NAV of the outstanding shares - aggregated across all share classes of the sub-fund - as at the end of the preceding quarter.
The 5% gate applies to net redemptions (including related switches) per quarter, measured against the NAV of all share classes of the sub-fund at the end of the preceding quarter; the board of directors may suspend or raise the limit in whole or in part.
Data as at 26 Sep 2026 · Documents: 08.
19 classes. All cost and risk figures on this page refer to the basis class PC EUR H ACC; the cheapest class with a cost figure is EB-I USD ACC (2.27%, from 25,000,000 USD).
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. 1 class is closed to new subscriptions.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus | 27 Mar 2025 | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Jul 2026 | Performance (01) |
| Positions and reserve | 31 Jul 2026 | 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 65 business days before redemption day, with 5% gate per quarter.
Ongoing costs of 2.68% p.a. according to the PRIIPs KID for class PC EUR H ACC; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 15%.
10,000 EUR in class PC EUR H ACC.
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 Partners Group Private Equity Opportunities. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
Blackstone · Part II SICAV · quarterly
Brookfield Asset Management / Oaktree · Part II SICAV · quarterly
CVC Capital Partners · Part II SICAV · quarterly
KKR · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.