Fund database › Private Equity
CarmignacLU2799473124Class A EUR Acc
Carmignac Private Evergreen invests globally in private-equity secondaries, complemented by co-investments — as a Luxembourg Part II SICAV, launched in 2024, accumulating, with a portfolio spanning Europe, North America and Asia.
Monthly subscription; quarterly redemption with roughly one quarter's notice; same-date subscriptions are netted against redemptions, which relieves the gate in practice. The initial lock-up is short at three months; early redemptions incur a time-limited charge.
Subscription from EUR 10,000 — but expressly for professional investors: the retail-eligible counterpart from the same house is the Carmignac ELTIF Evergreen. This fund is not registered for distribution in Germany.
The professional original from which Carmignac's ELTIF strategy emerged — investors needing the retail legal framework take the sister fund; professional investors with direct access get the same secondaries engine here without the ELTIF corset.
Figures for class A EUR Acc (LU2799473124) · product data 25 Sep 2026 · sources: prospectus (as at 31 Mar 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in May 2024, the unit price has gained 12.1% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
37 monthly values, 25 derived from monthly returns · Source: secondary source (data portal), 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.
What the prospectus permits: Secondaries (buyout/growth, approx. 70% of the portfolio) plus direct transactions (approx. 17%); only approx. 3% via third-party funds; co-investment share approx. 87%
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
13 holdings; the five largest account for 13.2% of the fund. 12.7% is held in the liquidity reserve — enough for 8 months of maximum redemptions.
How the reserve is invested: Carmignac Credit 2027 Z EUR C Acc 6.8% · Carmignac Court Terme Z EUR Acc 6.8% · Carmignac Sécurité ZC EUR Acc 6.8% · 3 more 14.6%. It covers 8 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 10 equity holdings.
Numia (Milan) is an Italian payments and data services provider for banks, merchants and consumers.
Italian manufacturer of plasma-derived therapies such as immunoglobulins, coagulation factors and albumin, headquartered in Barga, Tuscany.
Ceme is an Italian manufacturer of solenoid valves, vibratory pumps and other fluid control components for coffee machines, household appliances and industrial applications …
Allied Universal (Santa Ana, California) is one of the world’s largest security services providers, offering manned guarding, security technology, video surveillance and facility services.
U.S. manufacturer of hot tubs, swim spas, bathtubs and shower systems under the Jacuzzi brand, with sales in North America, Europe and other markets.
French company classified under industrials in the report; no further description is available, and details on its business model, size and owners are missing.
Altares (Paris) is a French provider of company, credit and business information and represents the Dun & Bradstreet network in France.
Motor Fuel Group (MFG) is the largest independent forecourt operator in the United Kingdom, with more than 1,000 sites …
British-Irish financial services group offering wealth management, financial planning and administration services for private pensions.
Zelis is a US healthcare cost management and payments platform that connects health insurers, providers and members for claims review, billing and payments.
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 2.45%, class A EUR Acc is below the median of the asset class (2.60%). On top comes a performance fee of 15% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 245 EUR per year.
For 10,000 EUR, a one-off up to 400 EUR on purchase.
Based on the PRIIPs key information document of class A EUR Acc, hence comparable across providers. Median: 35 Private Equity 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 5 business days later.
Account opening with the administrator completed and validated before the cut-off
The board of directors may accept subscription requests received after the cut-off at its …
Price = NAV per share on this day.
Valuation day last working day of the month; calculation by the manager within 5 working …
after NAV publication: 7 business days after dealing day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 1 business day before month-end · 16:00 CET · (before the anchor date) |
| Price | valuation day |
| NAV publication | Valuation day last working day of the month; calculation by the manager within 5 working days; no publication deadline, NAV on request |
| Payment | after NAV publication: 7 business days after dealing day |
| Minimum investment | EUR 10,000 |
| Entry charge (max.) | 4% (distributor) |
| Subscription limit | The board of directors may restrict subscriptions, including on grounds of fund size; subscriptions always require approval |
| KYC / documents | Account opening with the administrator completed and validated before the cut-off |
| Business day | Business day: a day on which the banks in Luxembourg are open for business, unless the supplement provides otherwise (p. 14) |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Cut-off 16:00 CET on the last working day of the preceding quarter, effectively one quarter's lead time.
Price = NAV per share on this day.
Redemption requests are met only to the extent that the aggregate NAV of the units redeemed does not exceed 5 …
redemption day
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 147 days from decision to cash.
Rank 30 of 112 · rank 6 of 38 in Private Equity · no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 31 Mar 2026 · score run 16 Oct 2026 · How 147 days become 40 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 | quarterly |
| Valuation day | quarter-end |
| Notice | 16:00 CET · (counted from month-end) |
| Price | quarter-end |
| Payout | 7 business days after redemption day |
| Gate | 5% net of net assets of the previous period per redemption day; The board of directors may reduce the limit to 2.5% of the NAV on the valuation day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | none |
| Suspension | market/price sources unavailable, transfer/repatriation restrictions, force majeure |
| Liquidity tools | Redemption gate of 5% (may be reduced to 2.5%), suspension of the NAV calculation, redemption in kind |
| Switch / transfer | permitted with the consent of the board of directors, the transferee must be an eligible investor |
| Compulsory redemption | in the event of default, loss of Eligible Investor status or an ineligible person; compulsory redemption of all investors following disposal of all investments |
Redemption requests are met only to the extent that the aggregate NAV of the units redeemed does not exceed 5% of the fund's NAV on the preceding valuation day, with the subscription requests received for the same redemption date being netted off (net gate). The board of directors may lower the limit to 2.5% of NAV where this is in the best interests of the sub-fund and the unitholders.
The 5% gate is netted against the subscription requests received for the same redemption date (net gate) and relates to the fund's NAV on the preceding valuation day. The board of directors may lower the limit to 2.5% of NAV in the best interests of the sub-fund.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class A EUR Acc.
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 |
|---|---|---|
| Key information document (PRIIPs KID) | 31 Jan 2026 | — |
| Factsheet / monthly report | 30 Jun 2026 | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | 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 quarterly, with 5% gate per redemption day. Subscribing today, it takes on average 147 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.45% p.a. according to the PRIIPs KID for class A EUR Acc; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 15%.
10,000 EUR in class A EUR Acc.
As at 16 Oct 2026, no redemption restriction is documented for the Carmignac Private Evergreen. Under the prospectus a gate of 5% per redemption day applies.
Same asset class, similar sub-strategy.
Apollo Global Management · ELTIF 2.0 · quarterly
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Brookfield Asset Management / Oaktree · Part II SICAV · quarterly
CVC Capital Partners · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.