Fund database › Private Credit
SEB Asset Management / SEB Funds AB in partnership with Capital Four · LU2974079704
ELTIF 2.0 Private Credit Luxembourg Article 8 19 share classes ↓ Direct Lending Mezzanine / Subordinated
We do not yet have a NAV series for this fund. Semi-liquid funds often publish their unit prices only monthly or quarterly — and not always publicly.
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.
| Since launch p.a. · as at 5 Jun 2026 | 1.76% |
Target return per the provider: Investment objective: an average annual return equal to the European risk-free rate (Euribor) plus 5 %. KID scenarios over 5 years (after costs): stress -2.8 % p.a., unfavourable 1.5 % p.a., moderate 7.2 % p.a. (EUR 14,155), favourable 13.3 % p.a
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 6 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 | not documented |
| Total ongoing costs | 2.07% |
| Entry charge max. | 2.00% |
| Redemption fee | 0.00% |
| Performance fee | 10.00% |
| Hurdle rate | 4.00% |
| High-water mark | yes |
Median across 23 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.
'As a rule you can buy and sell fund units once per quarter. A one-month notice period applies to subscriptions.'
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 180 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 18 months after subscription no redemption is possible.
The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
From the notice being received to the money reaching your account: typically around 240 to 332 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Quarterly, in each case the last calendar day of each quarter in Luxembourg (31 Mar/30 Jun/30 Sep/31 Dec; otherwise the preceding business day)
Redemption threshold of 5 % of the value of the units in issue per redemption date (net after offsetting against subscriptions on the same valuation date), pro-rata processing and automatic carry-forward of the unsettled portion to the next redemption date. IN ADDITION: total redemptions on a redemption date are limited to 50 % of the fund's liquid assets and/or any additional liquid assets.
Redemption: 6 months' notice before the redemption date; subscription: 1 month's notice period
Minimum holding period of 18 months from the subscription date ('This product cannot be redeemed within the first 18 months from the investor's subscription date'); extendable during the ramp-up phase, but to no more than three years. No exit fee. 14 calendar days' right of withdrawal from signing the application (full refund without fees, without interest)
The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.
19 classes known. All cost and risk figures on this page apply to LU2974079704.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2974079704 | basis of this page | EUR 25,000 | 2.07% | 6/7 |
| LU2974079613 | not yet collected | not documented | not documented | not documented |
| LU2974079886 | not yet collected | not documented | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2974079969 | not yet collected | not documented | not documented | not documented |
| LU2974080033 | not yet collected | not documented | not documented | not documented |
| LU3062785848 | not yet collected | not documented | not documented | not documented |
| LU3062785921 | not yet collected | not documented | not documented | not documented |
| LU3062786069 | not yet collected | not documented | not documented | not documented |
| LU3062786143 | not yet collected | not documented | not documented | not documented |
| LU3062786226 | not yet collected | not documented | not documented | not documented |
| LU3096161206 | not yet collected | not documented | not documented | not documented |
| LU3201344630 | not yet collected | not documented | not documented | not documented |
| LU3201344713 | not yet collected | not documented | not documented | not documented |
| LU3201344804 | not yet collected | not documented | not documented | not documented |
| LU3201344986 | not yet collected | not documented | not documented | not documented |
| LU3201345108 | not yet collected | not documented | not documented | not documented |
| LU3201345280 | not yet collected | not documented | not documented | not documented |
| LU3201345363 | not yet collected | not documented | not documented | not documented |
| LU3201345447 | not yet collected | 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.
SEB Funds AB (Sweden), authorised and regulated by the Swedish Financial Supervisory Authority (SFSA); acts as AIFM and ELTIF manager; subsidiary of Skandinaviska Enskilda Banken AB (publ)
Skandinaviska Enskilda Banken AB (publ), Luxembourg Branch
Not shown in the PRIIPs KID; only its date of issue is stated there (5 Jun 2026).
Listed as “SEB ELTIF - Capital Four Private Debt“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70169987
Retail investor target market: investment horizon of at least 5 years; investors must have sufficient experience and theoretical knowledge of private debt risks, have a medium- to long-term horizon, be able to bear losses and have received professional investment advice
Not documented (official registration list not published; the PRIIPs KID is available in German, SEB core markets Sweden/Nordics)
Two contractual counterparties, one fund level: SEB Funds AB / SEB Asset Management as initiator and distribution partner, Capital Four AIFM A/S as fund manager. Both remunerations are included in the aggregated ongoing costs. No master/feeder or target-fund level stated; no double charging 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.