Fund database › Private Credit
BlueOrchard Finance LtdLU2561044822Class I Early Bird Sh
BlueOrchard Impact Credit lends to financial institutions and companies in emerging markets under an explicit impact mandate — as an Article 9 fund in a Luxembourg RAIF wrapper, launched in 2023, with no performance fee.
Monthly subscription and redemption; redemptions require roughly one quarter's notice and are hard-capped per dealing date, filled according to available liquidity. No minimum holding period.
Subscription from EUR 125,000, exclusively for professional and qualified investors; not registered for distribution in Germany.
One of only two Article 9 credit vehicles in the database and the only one with a pure emerging-markets focus — the impact specialisation of the Schroders subsidiary in institutional packaging.
Figures for class I Early Bird Sh (LU2561044822) · product data 26 Sep 2026 · sources: prospectus (as at 12 Jan 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Jul 2025, the unit price has gained 5.0% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
14 monthly values, 12 derived from monthly returns · Source: 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 Sep 2023; a reliable NAV series of the class is available from Jul 2025.
What the prospectus permits: Direct investments in privately originated loans; global impact-credit approach
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
52 holdings; the five largest account for 18.7% of the fund. 4.0% is held in the liquidity reserve — enough for less than one month of maximum redemptions.
How the reserve is invested: Cash and money market funds 4.0%. It covers less than one month of the maximum net redemption (at most 60% per year under the gate) — what that means for redemptions is in 06.
Among the largest positions: 9 loans.
International Investment Bank (IIB), a commercial bank in Djibouti focused on corporate and SME lending.
Borrower based in Georgia (the country), listed in the factsheet only under the short name “SCAPP.” As an impact lender …
Agrovision is an agricultural producer and exporter with plantations in Peru, growing mainly blueberries and table grapes for international markets.
Satin Finserv Ltd is the non-bank financing subsidiary of listed Satin Creditcare Network, headquartered in Gurugram (India), specializing in loans to micro …
Financiera FAMA is a regulated microfinance institution headquartered in Managua, Nicaragua.
Vedika Credit Capital is an Indian microfinance institution (NBFC-MFI) based in Ranchi (Jharkhand).
MK Kredit IFN SA is a Romanian non-bank financial institution (IFN) that lends to micro and small enterprises.
ProCredit Bank Georgia is a commercial bank in Tbilisi specializing in small and medium-sized enterprises and part of the listed ProCredit Holding AG (Frankfurt am Main).
FinCredit is a microfinance institution in Bosnia and Herzegovina that provides small loans to micro-enterprises and private households.
Provider figures for the credit portfolio, not calculated by semiliquid.info. Providers report yield, remaining life and credit ratings under differing definitions — the basis of calculation is therefore shown with every figure. A comparison across funds only holds where the basis is the same.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.27%, class I Early Bird Sh is above the median of the asset class (2.05%). There is no performance fee.
For 125,000 EUR this means roughly 2,838 EUR per year.
For 125,000 EUR, a one-off up to 6,250 EUR on purchase and up to 6,250 EUR on redemption.
Based on the PRIIPs key information document of class I Early Bird Sh, hence comparable across providers. Median: 32 Private Credit funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 7 business days later.
the Board may, at its absolute discretion, still admit subscriptions received later to …
Price = NAV per share on this day.
NAV available no later than 7 business days after the Valuation Day …
after NAV publication: 10 business days after Valuation day
An order placed today is invested in — days (—); the money is due on —.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 17:00 CET · (counted from month-end) |
| Price | valuation day |
| NAV publication | NAV available no later than 7 business days after the Valuation Day (= last business day of the month) |
| Payment | after NAV publication: 10 business days after Valuation day |
| Minimum investment | USD 125,000 |
| Entry charge (max.) | 5% (Fund) |
| Business day | any day on which banks are open the whole day for non-automated business in the Grand Duchy of Luxembourg (p. 15) |
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 monthly — 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.
Initial Period = until the first Redemption Cut-off after the 2nd anniversary of the initial subscription …
NAV per unit less redemption fee (up to 5%)
After the end of the Initial Period a hard redemption limit of 5% of the company's net asset value applies …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within half a year — on average 120 days from decision to cash.
Rank 15 of 112 · rank 5 of 31 in Private Credit · no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 12 Jan 2026 · score run 16 Oct 2026 · How 120 days become 44 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 | monthly |
| Valuation day | last business day of the month |
| Notice | 90 calendar days before redemption day · 17:00 CET |
| Price | valuation day |
| Payout | 10 business days after redemption day |
| Gate | 5% of NAV on the redemption day per redemption day; during the initial period (2 years): redemptions only up to the amount of subscriptions on the same dealing day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% (discretionary) |
| Lock-up | fund-level, 24 months (fund launch) |
| Suspension | exchange closure; valuation impossible; Redemption Limit reached |
| Liquidity tools | Gate 5%; carry-forward pro rata; suspension; Dilution Levy up to 5% on subscription; redemption fee up to 5% |
| Switch / transfer | permitted only with the consent of the Board; a Matched Bargain may be arranged by the Board |
| Compulsory redemption | The Board may compulsorily redeem shares held by Prohibited Persons and non-eligible investors |
After the end of the Initial Period a hard redemption limit of 5% of the company's net asset value applies per monthly redemption date. Where the limit is reached or liquidity is insufficient, all requests are met pro rata; the remainder is deferred to the following dates and ranks equally there until it has been met.
The gate is expressly defined in the Offering Memorandum as a ratio of the company's net asset value (5% per monthly redemption date after the end of the Initial Period); excess requests are scaled back pro rata and deferred to the following dates.
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.
2 classes. All cost and risk figures on this page refer to the basis class I Early Bird Sh.
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 |
|---|---|---|
| Factsheet / monthly report Investor Update Class I Early Bird Shares, 30 Jun 2026 | 30 Jun 2026 | — |
| NAV series price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Aug 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 monthly, notice period 90 calendar days before redemption day, with 5% gate per redemption day. Subscribing today, it takes on average 120 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.27% p.a. according to the PRIIPs KID for class I Early Bird Sh; the median of the Private Credit funds in this database is 2.05%; no performance fee.
125,000 EUR in class I Early Bird Sh.
Not as a retail investor. According to our evidence, in Germany it is open only to professional and institutional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the BlueOrchard Impact Credit S.A. SICAV-RAIF. Under the prospectus a gate of 5% per redemption day applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.