Fund database › Private Credit
Goldman Sachs AlternativesLU3281031842Class R0A (EUR)
The credit ELTIF of the Goldman Sachs G-Series extends first-lien secured loans to European companies — carried by one of the largest private-credit platforms worldwide, as an ELTIF in a Part II wrapper.
Monthly subscription; quarterly redemption with a good month's notice; the limit is doubly capped against fund assets and the regulatory liquidity ratio. The main share class shown here, R0A, has only a thirty-day minimum holding period and a deduction on redemptions in the first year; the large-ticket RSD classes carry a hard two-year lock-up from subscription.
Subscription from EUR 10,000 depending on share class, primarily for professional investors; registered in roughly twenty-three countries, including Germany.
One of the largest European credit evergreens and the credit centrepiece of the G-Series — instead of a classic performance fee, the fee structure works with class-specific carried interest: a detail the cost comparison makes visible and hardly any competitor shares.
Figures for class R0A (EUR) (LU3281031842) · product data 12 Oct 2026 · sources: prospectus (as at 30 Sep 2026), PRIIPs-KID — full list under 08 documents.
distribution policy not verified
2 monthly values · Source: secondary source (data portal) · 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. distribution policy not verified.
What the prospectus permits: Directly originated, floating-rate cash-pay loans, buy-and-hold; >75% first-lien senior loans
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The five largest holdings account for 23.1% of the fund.
Focus according to fund documents: Diversified, no sector breakdown 100%
Focus according to fund documents: Europe 100%
Among the largest positions: 5 loans.
Borrower “SNFL”, financed through the vehicle Ink Bidco; its business activity and sector are not described in the documents.
Adevinta (Oslo) operates online classifieds marketplaces in Europe, including leboncoin, mobile.de, Kleinanzeigen and Marktplaats.
IVC Evidensia, Europe's largest operator of veterinary practices and animal hospitals, formed in 2017 through the merger of the UK's IVC with Sweden's Evidensia.
Trade Me is New Zealand's largest online marketplace for classifieds, property, vehicles and jobs, based in Wellington.
French provider of industry-specific software for legal professionals such as lawyers and notaries, for property managers and for businesses, headquartered in Montpellier.
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 1.94%, class R0A (EUR) is below the median of the asset class (2.05%).
For 10,000 EUR this means roughly 194 EUR per year; the cheapest class with a cost figure is RSD0A (EUR) (1.59%, from 5,000,000 EUR).
For 10,000 EUR, a one-off up to 350 EUR on purchase and up to 200 EUR on redemption.
Based on the PRIIPs key information document of class R0A (EUR), 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.
KYC/AML and complete subscription form required for acceptance by the Subscription …
not regulated; the Board may only reject subscriptions or defer them to later Dealing …
Price = NAV per share on this day.
pre-funding: 6 business days before 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 —.
Shown without a date because the prospectus does not quantify: NAV publication. 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 | 10 business days before dealing day · 18:00 Luxembourg · (before the anchor date) |
| Price | valuation day |
| NAV publication | Valuation Day = last business day of the calendar month; NAV per unit available within a reasonable period thereafter per the main section, no quantified … |
| Payment | pre-funding: 6 business days before dealing day |
| Minimum investment | EUR 10,000 (R, A and B classes), EUR 5,000,000 (RSD classes) |
| Subscription limit | The Board may reject subscriptions in whole or in part or defer them to later Dealing Dates; classes RSD0D/RSD0A only in the first three Dealing Dates and max. |
| KYC / documents | KYC/AML and complete subscription form required for acceptance by the Subscription Deadline, 10 business days before Dealing Date |
| Revocation | Retail: cancellation until expiry of the 14-day cooling-off period, not thereafter; Professional: not governed |
| Business day | banks open for business in Luxembourg, London and New York (p. 17); no differing value in the Sub-Fund Supplement |
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 1 month. How quickly the money arrives and what happens if many want out at once is set out below.
Minimum holding period of 30 calendar days from the Dealing Date of the acquisition.
NAV per unit less redemption fee (up to 2%)
Twofold cap: redemptions are limited per calendar quarter to the lower of 5% of the sub-fund NAV as at the …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Shown without a date because the prospectus does not quantify: NAV publication. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 176 days from decision to cash.
Rank 63 of 112 · rank 25 of 31 in Private Credit · 1 month lock-up · exit costs of 2.0% included
Money typically within half a year — on average 146 days from decision to cash.
1 month lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 30 Sep 2026 · score run 16 Oct 2026 · How 176 days become 22 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 | 33 calendar days before redemption day |
| Price | quarter-end |
| Payout | 65 calendar days after redemption day |
| Gate | 5% gross of net assets of the previous period per quarter; ELTIF Redemption Cap of 27.3% of the Redemption Assets per calendar quarter … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 2% (12 months, cliff (lapses after the period)) |
| Lock-up | investor-level, 1 month (subscription) |
| Suspension | Valuation sources or markets not available; transfer and repatriation restrictions; liquidation or restructuring. |
| Liquidity tools | Redemption Cap of 5% per quarter and ELTIF Redemption Cap of 27.3% of the Redemption Assets; discretionary gates below the cap. |
| Switch / transfer | permitted with the written consent of the Board, which may not be unreasonably withheld; capital may otherwise be withdrawn only by way of redemption |
| Compulsory redemption | loss of Eligible Investor status; regulatory, tax or ERISA disadvantages; Cause (breach of contract, misconduct, impermissible transfer). |
Twofold cap: redemptions are limited per calendar quarter to the lower of 5% of the sub-fund NAV as at the preceding valuation day (Redemption Cap) and 27.3% of the Redemption Assets (ELTIF Redemption Cap). Redemption Assets = UCITS-eligible investments on the determination date plus cash flows prudently forecast over twelve months in accordance with the ELTIF Regulation.
The gate is quantified twice over: the lower of 5% of the sub-fund NAV per calendar quarter (Redemption Cap, measured against the NAV of the preceding valuation day) and 27.3% of the Redemption Assets per quarter (ELTIF Redemption Cap). Redemption Assets are the UCITS-eligible investments on the determination date plus the cash flows prudently forecast over twelve months.
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
15 classes. All cost and risk figures on this page refer to the basis class R0A (EUR); the cheapest class with a cost figure is RSD0A (EUR) (1.59%, from 5,000,000 EUR).
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) | 11 Aug 2026 | — |
| NAV series secondary source (data portal) | 28 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, on the last business day, notice period 33 calendar days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 176 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 1.94% p.a. according to the PRIIPs KID for class R0A (EUR); the median of the Private Credit funds in this database is 2.05%.
10,000 EUR in class R0A (EUR).
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the G-European Credit ELTIF. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
Apollo Global Management · Part II SICAV · quarterly
Apollo Global Management · ELTIF 2.0 · quarterly
Apollo Global Management · ELTIF 2.0 · quarterly
Apollo Global Management · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.