Fund databasePrivate Credit

Tiera Capital Evergreen Private Credit Fund

Tiera Capital – the private-markets brand of Indosuez Wealth Management · LU3211780492

ELTIF 2.0 Private Credit Luxembourg Article 6 10 share classes ↓ Direct Lending

NAV · 2 Mar 202610,000.00 EUR
Fund currencyEUR
Income treatmentboth
Performance
Ongoing costs1.40% p.a.
Min. investmentEUR 20,000
Redemptionquarterly
Risk (SRI)3 / 7

01Performance

Current NAV10,000.00 EUR
as at2 Mar 2026

So far only a single unit price is documented — too little for a chart. The series grows with every data update.

Source: Price feed from the management company

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year
Fund size
CurrencyEUR
Income treatmentboth
SFDRArticle 6
Recommended holding3 yrs
Liquidity buffer
Leverage limit150.00%

Risk indicator 3 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.

Sector breakdown

No breakdown published. The fund is still ramping up — a first periodic report with a portfolio breakdown is still pending.

Geographic breakdown

Approximation (qualitative)% of NAVas at 21 Aug 2026

EuropeThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Fondsdokumente des Anbieters (KID/Prospekt/Präsentation), qualitative Angabe ohne Prozentwerte — Belegzitate in den Spalten 'Text: Sektorfokus' und 'Text: Regionenfokus'

Strategy

Direct Lending

According to the Tiera Capital strategy paper: European senior direct lending through a diversified allocation to specialist third-party managers (manager selection instead of the fund's own lending), focus on first-ranking secured loans; fund-specific confirmation is not available

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee1.00%
Total ongoing costs1.40%
Entry charge max.0.00%
Redemption fee0.00%
Performance fee0.00%
Hurdle ratenot documented
High-water marknot documented

In context: ongoing costs

This fund
1.40%
Median Private Credit
2.19%

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 the performance fee works

Not publicly documented; neither the rate, the calculation basis, the hurdle, the catch-up, the high-water mark nor the crystallisation are disclosed. The AIFM is CA Indosuez Fund Solutions, fund management CA Indosuez (Switzerland) S.A.; domicile Luxembourg, strategy private debt.

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentEUR 20,000
Entry chargeup to 0.00%
Rec. holding period3 years

Subscription per the document

Monthly

05Redemption & liquidity

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; on each date the fund redeems at most 5 % of fund assets; for the first 12 months after subscription no redemption is possible.

1 · Lock-up12 months from subscription
2 · Notice period90 days before the date
3 · Redemption datequarterly
4 · Gatemax. 5 % per date
5 · Payoutnot documented

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.

Redemption per the document

Quarterly

Gate per the document

not documented

Notice period

not documented

Lock-up

not documented

Liquidity score: 3.1 of 5

Redemption frequency
3 / 5 · 40 %
Gate / redemption cap
3 / 5 · 25 %
Notice period
2 / 5 · 20 %
Redemption fee
5 / 5 · 15 %

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.

06Share classes

10 classes known. All cost and risk figures on this page apply to LU3211780492.

ISINStatusMin. investmentOngoing costsSRI
LU3211780492basis of this pageEUR 20,0001.40%3/7
LU3211780575not yet collectednot documentednot documentednot documented
LU3211780658not yet collectednot documentednot documentednot documented
+ 5 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU3211780732not yet collectednot documentednot documentednot documented
LU3211780906not yet collectednot documentednot documentednot documented
LU3211781037not yet collectednot documentednot documentednot documented
LU3211781110not yet collectednot documentednot documentednot documented
LU3211781201not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

CA Indosuez Fund Solutions S.A., 12 rue Eugène Ruppert, L-2453 Luxembourg (RCS B104980)

Launch date

Not documented – no launch date has been published.

BaFin database

Listed as “TIERA CAPITAL ELTIF II SICAV, S.A. - Evergreen Private Credit Fund“ · fund type: EU/foreign ELTIF, closed-ended, all investors · ID 70175462

Source: ESMA ELTIF register (Art. 3(3) ELTIF Regulation), as at 31 Jul 2026

Eligible investors

Not documented (Indosuez target clients generally: high-net-worth private clients, family offices, institutional investors as well as B2B partners/external asset managers)

Fee layers / double charging

Tiera Capital is the private-markets brand of Indosuez Wealth Management (Crédit Agricole). Whether a target-fund level with additional fees exists 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.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.