Fund database › Private Credit
BNP Paribas Asset Management · LU2840134923
ELTIF 2.0 Private Credit Luxembourg Article 8 32 share classes ↓ Unitranche Real Estate Debt Infrastructure Debt
Unit price (NAV) in EUR · share class I-Vintage-H2 20 · 24 data points
Calendar years, calculated from the NAV series
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.
| Performance 12M · as at 31 Dec 2024 | 4.50% |
| Since launch p.a. · as at 31 Dec 2024 | 5.57% |
Target return per the provider: Target gross return Euribor + 5–6 % (provider's figure); the white paper (July 2024) shows an example allocation with a gross return of around 8 %, rising to around 9 % with leverage (12 % on illiquid, 4 % on liquid investments). Net target return not published; KID base scenario for the retail class C-Vintage-H1 2025 (EUR cap, LU2840135730): 1.04 % p.a. on exit after 5 years
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 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.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.15% |
| Total ongoing costs | 1.45% |
| Entry charge max. | 0.00% |
| Redemption fee | 5.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | no |
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.
NAV calculated monthly ('Monthly Periodicity of NAV Calculation'); 'Subscription/execution type: Other'
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 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.
Quarterly, with 3 months' notice period
5 % of NAV: if cumulative new redemption requests exceed new subscriptions by more than 5 % of NAV, redemption is effected only on a "best effort" basis at the AIFM's discretion; amounts not met are scaled back pro rata and carried over to the following quarter
90 days (3 months) before the quarterly redemption date
Soft lock of 24 months: redemption fee of 5 % of the NAV of the units redeemed where the holding period is under 2 years, 0 % thereafter
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.
32 classes known. All cost and risk figures on this page apply to LU2840134923.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2840134923 | basis of this page | EUR 1m | 1.45% | 3/7 |
| LU2840134410 | not yet collected | not documented | not documented | not documented |
| LU2840134501 | not yet collected | not documented | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2840134683 | not yet collected | not documented | not documented | not documented |
| LU2840134766 | not yet collected | not documented | not documented | not documented |
| LU2840134840 | not yet collected | not documented | not documented | not documented |
| LU2840135060 | not yet collected | not documented | not documented | not documented |
| LU2840135144 | not yet collected | not documented | not documented | not documented |
| LU2840135227 | not yet collected | not documented | not documented | not documented |
| LU2840135490 | not yet collected | not documented | not documented | not documented |
| LU2840135573 | not yet collected | not documented | not documented | not documented |
| LU2840135656 | not yet collected | not documented | not documented | not documented |
| LU2840135730 | not yet collected | not documented | not documented | not documented |
| LU2840135813 | not yet collected | not documented | not documented | not documented |
| LU2840136035 | not yet collected | not documented | not documented | not documented |
| LU2840136118 | not yet collected | not documented | not documented | not documented |
| LU2840136209 | not yet collected | not documented | not documented | not documented |
| LU2840136381 | not yet collected | not documented | not documented | not documented |
| LU2840136464 | not yet collected | not documented | not documented | not documented |
| LU2840136548 | not yet collected | not documented | not documented | not documented |
| LU2840136621 | not yet collected | not documented | not documented | not documented |
| LU2840136894 | not yet collected | not documented | not documented | not documented |
| LU2840136977 | not yet collected | not documented | not documented | not documented |
| LU3076260556 | not yet collected | not documented | not documented | not documented |
| LU3076260630 | not yet collected | not documented | not documented | not documented |
| LU3076260713 | not yet collected | not documented | not documented | not documented |
| LU3076260986 | not yet collected | not documented | not documented | not documented |
| LU3076261018 | not yet collected | not documented | not documented | not documented |
| LU3076261109 | not yet collected | not documented | not documented | not documented |
| LU3076261281 | not yet collected | not documented | not documented | not documented |
| LU3076261448 | 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.
AIFM: BNP Paribas Asset Management Luxembourg SA, 60 avenue John F. Kennedy, L-1855 Luxembourg (RCS B27605), CSSF numbers S00000608 (management company, Chapter 15) and A00000763 (AIFM). Management company according to the factsheet: BNP Paribas Asset Management Europe; delegated manager: BNP Paribas Asset Management UK Limited and BNP Paribas Asset Management Europe, Netherlands Branch. Fund manager: Sergey Pergamentsev. Legal form: SICAV BNP PARIBAS ALTERNATIVE STRATEGIES, domiciled in Luxembourg
BNP PARIBAS, Luxembourg Branch ('Custodian')
First NAV date 30 Aug 2024 (class I-Vintage-H2 2024 EUR); initial NAV EUR 1,000.00.
Listed as “BNP Paribas Alternative Strategies - Diversified Private Credit“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70172306
Professional and non-professional (retail) investors; distribution to institutional clients and wealth management/distribution channels
According to the available information, distribution in 18 countries, including Austria, Belgium, Cyprus, Germany and Denmark; a complete list is not published.
Fund level only: according to the available information, the fund invests exclusively on a direct basis (senior secured loans to European companies); no master/feeder or target-fund level, no double charging. AIFM and portfolio manager: BNP Paribas Asset Management Europe.
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.