BlackRock · LU2875211463
ELTIF 2.0 Multi-Asset Luxembourg Article 8 25 share classes ↓ Secondaries Co-Investments
Unit price (NAV) in EUR · share class A1 EUR · 18 data points
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.
| Since launch p.a. | 16.60% |
Target return per the provider: KID scenarios class A1 EUR (EUR 10,000, 7 years): stress +1.4 % p.a. (EUR 11,020), unfavourable +3.6 % p.a. (EUR 12,820), moderate scenario +10.9 % p.a. (EUR 20,640), favourable +16.5 % p.a. (EUR 29,090). The scenarios correspond to the 5th, 10th, 50th and 90th percentile and were produced internally
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 | 1.75% |
| Total ongoing costs | 2.07% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 15.00% |
| Hurdle rate | 7.00% |
| High-water mark | yes |
Median across 14 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 ('The units can be acquired monthly'). Subscription applications must reach the administrator by 17:00 CET on the tenth (10th) business day before the relevant Monthly Dealing Day ('Cut-Off Time'); issue price at the Initial Issuance Date EUR 100 per unit, thereafter on the basis of the NAV at the Monthly Dealing Day
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 30 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 24 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 48 to 140 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, for the first time after the second anniversary (or, at the Investment Manager's discretion, the first anniversary) of 31 Mar 2025 (initial issue date)
Quarterly gate 5 % of NAV; in addition an ELTIF redemption limit of 27.30 % (liquid assets + 12-month cash flow). Minimum holding period 2 years from 31 Mar 2025 (can be reduced to 1 year) — regular redemptions from approx. Q2 2027 at the earliest.
30 days
24 months – 'Unless Exceptional Circumstances apply and subject to any additional lock-up period, such as the Share Class A1L Lock-up Period, Shareholders (other than BLK Seed Investors holding Class Y Shares and Shareholders holding Share Class A1L) will have no right to redeem their Shares before the expiry of the second anniversary of the First Subscription Date' (First Subscription Date = 31 Mar 2025). No redemption fee
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.
25 classes known. All cost and risk figures on this page apply to LU2875211463. Minimum investment by class EUR 10,000 – EUR 100m.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2875211463 | basis of this page | EUR 10,000 | 2.07% | 6/7 |
| LU2875209996 | documented | EUR 10,000 | 1.69% | 6/7 |
| LU2875210143 | documented | EUR 10,000 | 2.92% | 6/7 |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2875210226 | documented | EUR 10,000 | 2.92% | 6/7 |
| LU2875210499 | documented | EUR 10,000 | 2.92% | 6/7 |
| LU2875210572 | documented | EUR 500,000 | 2.22% | 6/7 |
| LU2875210655 | documented | EUR 500,000 | 1.77% | 6/7 |
| LU2875210812 | documented | EUR 10,000 | 2.42% | 6/7 |
| LU2875210903 | documented | EUR 10,000 | 1.42% | 6/7 |
| LU2875211034 | documented | EUR 500,000 | 2.47% | 6/7 |
| LU2875211117 | documented | EUR 500,000 | 2.02% | 6/7 |
| LU2875211380 | documented | EUR 10,000 | 2.67% | 6/7 |
| LU2875211547 | documented | EUR 10,000 | 1.92% | 6/7 |
| LU2894169197 | documented | EUR 10,000 | 1.69% | not documented |
| LU2894169270 | documented | EUR 10,000 | not documented | not documented |
| LU2894169353 | documented | EUR 10,000 | 1.69% | 6/7 |
| LU2894169437 | documented | EUR 10,000 | 1.44% | 6/7 |
| LU3016981436 | documented | EUR 10,000 | not documented | not documented |
| LU3016981519 | documented | EUR 10,000 | 2.69% | 6/7 |
| LU3016981600 | documented | EUR 10,000 | not documented | not documented |
| LU3016981782 | documented | EUR 10,000 | 1.94% | 6/7 |
| LU3016981865 | documented | EUR 10,000 | 2.44% | 6/7 |
| LU3016981949 | documented | EUR 1m | not documented | not documented |
| LU3230562269 | documented | EUR 25,000 | not documented | not documented |
| LU3230562343 | documented | EUR 150,000 | not documented | not documented |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
BlackRock (Luxembourg) S.A. (AIFM of the fund and at the same time manager of the sub-fund within the meaning of the ELTIF Regulation, authorised and supervised by the CSSF). Investment Manager: BlackRock Financial Management, Inc., a Delaware company and indirect 100 % subsidiary of BlackRock, registered with the US SEC. Day-to-day business: BlackRock's 'Alternative Portfolio Solutions' team; investments are subject to approval by the Investment Committee
State Street Bank International GmbH, Zweigniederlassung Luxemburg, 49 avenue J.F. Kennedy, L-1855 Luxemburg (also administrator of the fund)
First subscription/start of operations on 31 Mar 2025 (semi-annual report: 'On 31 March 2025, the MAG Sub-Fund commenced its operations'); first dealing day 3 Apr 2025 according to the annual report. Legal launch of the sub-fund on 21 Oct 2024; umbrella SICAV incorporated on 6 Sep 2024.
Listed as “BlackRock Private Markets - BlackRock Multi Alternatives Growth Fund“ · fund type: EU/foreign ELTIF, closed-ended, all investors · ID 70172327
'The fund is aimed at retail investors (i) who have knowledge of and/or experience in assessing the risks of investments in private markets products, (ii) who have a long-term investment horizon and (iii) who are able to bear possible losses.' Prospectus: 'The Sub-Fund is intended to be marketed to certain Retail Investors, as well as to Professional Investors'. Retail investors may cancel their subscription within two weeks without deduction (cooling-off period)
AT, BE, CZ, DE, DK + 14 further EEA states
EXPLICITLY TWO-TIER, but consolidated in the KID: the fund invests 'through or alongside one or more Target Funds' as well as via subsidiary holding companies, partnerships and co-investment vehicles. The KID expressly states: 'Any underlying product costs are included here with the exception of transaction costs' – i.e. the target-fund costs (management fees of the Target Funds) are ALREADY INCLUDED in the 2.07 % item; to that extent no further visible layer is added. Not included and not quantified, however, is the carried interest of the target funds/co-investment vehicles. Fee rebate / waiver for in-house BlackRock target funds: not mentioned in the KID. No master-feeder structure
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.