Porta EquityLU2736443420Class I (institutional)
The Porta Equity ELTIF is a fund of funds across private equity, venture capital and private debt in the small and mid market — an independent niche provider, launched in 2024, distributing.
Two cumulative locks — at fund and at unit level — of two years each, thereafter quarterly redemption with one year's notice, filled from the freely available liquid assets. Daily subscription.
Subscription from EUR 100,000 for investors able to bear losses, recommended holding period ten years; distribution focused on Germany.
A boutique product with closed-end-fund commitment in an ELTIF wrapper — against the large platforms it positions itself through access to smaller target funds that fall through their grid; the depth of documentation has yet to catch up with the ambition.
Figures for class I (institutional) (LU2736443420) · product data 25 Sep 2026 · sources: prospectus (as at 27 Aug 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Apr 2024, the unit price has gained 3.0% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
84 monthly values, 27 derived from monthly returns · Source: secondary source (data portal), Bloomberg, 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.
What the prospectus permits: exclusively primaries (target funds)
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
3 holdings; the five largest account for 83.8% of the fund. 15.1% is held in the liquidity reserve.
Focus according to fund documents: n/a
Focus according to fund documents: n/a
Among the largest positions: 2 primary funds, 1 equity holding.
EU parallel vehicle (Luxembourg SCSp) of the fourth direct/co-investment fund of RCP Advisors, a Chicago-based manager specializing in small buyout funds.
Unigestion Direct III is a Luxembourg co-investment fund (2022 vintage) managed by Geneva-based asset manager Unigestion.
Matador Partners Group AG is a Swiss investment company that invests equity in unlisted companies, thereby offering investors access to private equity via a listed share.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; 1.2% is not allocated to any block in the source; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.50%, class I (institutional) is above the median of the asset class (2.30%). On top comes a performance fee of 12.50% — with a high-water mark.
For 100,000 EUR this means roughly 2,500 EUR per year.
For 100,000 EUR, no charge on purchase.
Based on the PRIIPs key information document of class I (institutional), hence comparable across providers. Median: 16 Multi-Asset funds in this database, data run 16 Oct 2026.
Units can be subscribed daily. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 1 business day later.
cut-off for requests may be amended by the management company at any time, publication …
Price = NAV per share on this day.
NAV for each bank business day LU/Hamburg/Frankfurt (excluding 24./31.12.).
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: payment. The remaining markers are calculated from the prospectus rules.
| Frequency | daily |
|---|---|
| Procedure | fully paid-in |
| Valuation day | every bank business day |
| Cut-off | 14 calendar days before Valuation day · 16:00 Luxembourg · (before the anchor date) |
| Price | next NAV after centralisation |
| NAV publication | NAV for each bank business day LU/Hamburg/Frankfurt (excluding 24./31.12.); calculated in each case on the following valuation day (p. 65, Art. 7.1.1) |
| Payment | DVP: 2 weeks after order placement |
| Minimum investment | no minimum investment |
| Entry charge (max.) | 5% (distributor) |
| Subscription limit | no volume cap; issuance may be suspended in exceptional circumstances |
| Revocation | cancellation within 2 weeks of subscription without deductions |
| Business day | Bank business day = any day (other than Sat/Sun and 24./31.12.) on which the banks in Luxembourg, Hamburg and Frankfurt am Main are open (p. 9) |
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 24 months. How quickly the money arrives and what happens if many want out at once is set out below.
Notice period 12 months to quarter-end.
Price = NAV per share on this day.
Redemption restriction (gating) under clause 8.4: redemptions are met exclusively from the "Freely Available …
valuation day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
An exit is possible after three years at the earliest — arithmetically 1145 days from decision to cash.
Rank 109 of 112 · rank 14 of 15 in Multi-Asset · 24 months lock-up · no fixed redemption fee
Money typically only after more than a year — on average 415 days from decision to cash.
24 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 27 Aug 2026 · score run 16 Oct 2026 · How 1145 days become 0 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 | 12 months before redemption day |
| Price | quarter-end |
| Payout | 2 business days after valuation day |
| Gate | 50% gross of available liquidity per redemption day |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | 0% |
| Lock-up | investor-level, 24 months (subscription) |
| Suspension | exceptional circumstances; investor interest |
| Liquidity tools | Gating 50% of freely available liquid assets; extended notice period +3 months; deferral; suspension |
| Switch / transfer | permitted, including via the secondary market (regulated market/MTF); not to the management company; no stock exchange listing |
| Compulsory redemption | permitted where in the interest of the fund; ineligible person/US person with 15 calendar days' prior notice at the next NAV |
Redemption restriction (gating) under clause 8.4: redemptions are met exclusively from the "Freely Available Liquid Assets" and are limited, per redemption day (the last valuation day of a calendar quarter), to 50% of that amount.
The gate is quantified not as a NAV ratio but as a proportion of the "Freely Available Liquid Assets": redemptions are met exclusively from these and are limited to 50% of that amount per redemption day. Freely available is only that part of the Liquid Assets which is not required for short-term liabilities, announced distributions, fees, provisions, loss carry-forwards, investments or reinvestments.
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
3 classes. All cost and risk figures on this page refer to the basis class I (institutional).
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 |
|---|---|---|
| Prospectus | 20 Dec 2024 | — |
| NAV series secondary source (data portal), Bloomberg, price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 30 Sep 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, notice period 12 months before redemption day, with 50% gate per redemption day. Subscribing today, it takes on average 1145 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.50% p.a. according to the PRIIPs KID for class I (institutional); the median of the Multi-Asset funds in this database is 2.30%; plus a performance fee of 12.50%.
100,000 EUR in class I (institutional).
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 Porta Equity ELTIF. Under the prospectus a gate of 50% per redemption day applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.