Fund database › Private Credit
Invesco · LU3048820008
ELTIF 2.0 Private Credit Luxembourg; supervisor: CSSF Article 8 17 share classes ↓ Direct Lending Unitranche
Unit price (NAV) in EUR · share class n · 10 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.
Target return per the provider: No official target return published; PRIIPs KID moderate scenario 4.1 % p.a. net on exit after 5 years (A-Acc)
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 4 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 | not documented |
| Total ongoing costs | 2.43% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | not documented |
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.
Monthly - 'The Fund offers a monthly subscription with quarterly redemptions'
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 2 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 - 'shares may be sold (redeemed) on the last Business Day of March, June, September and December'; 'Redemptions are subject to strict conditions'; processing may be deferred ('the processing of the redemption requests may be deferred in certain circumstances')
No ratio stated; only 'Redemptions are subject to strict conditions' and possible deferral of processing
90 days
Lock-up: 2 months from launch of the fund; F share classes 24 months. No redemption fee according to the PRIIPs KID (A-Acc)
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.
17 classes known. All cost and risk figures on this page apply to LU3048820008.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3048820008 | basis of this page | not documented | 2.43% | 4/7 |
| LU3048820180 | not yet collected | not documented | not documented | not documented |
| LU3048820263 | not yet collected | not documented | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3048820347 | not yet collected | not documented | not documented | not documented |
| LU3048820420 | not yet collected | not documented | not documented | not documented |
| LU3048820693 | not yet collected | not documented | not documented | not documented |
| LU3048820859 | not yet collected | not documented | not documented | not documented |
| LU3048820933 | not yet collected | not documented | not documented | not documented |
| LU3048821071 | not yet collected | not documented | not documented | not documented |
| LU3048821154 | not yet collected | not documented | not documented | not documented |
| LU3048821238 | not yet collected | not documented | not documented | not documented |
| LU3048821311 | not yet collected | not documented | not documented | not documented |
| LU3048821402 | not yet collected | not documented | not documented | not documented |
| LU3048821584 | not yet collected | not documented | not documented | not documented |
| LU3048821667 | not yet collected | not documented | not documented | not documented |
| LU3048821741 | not yet collected | not documented | not documented | not documented |
| LU3072337895 | 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.
Managed by Invesco (Invesco Management Company Luxembourg, see www.invesco.com/lu-manco); portfolio management by Invesco's European private credit team under Michael Craig, Head of European Senior Loans. The press release is issued in the UK by Invesco Asset Management Limited
Public launch announcement 14 Jan 2026 ('LONDON, 14 January 2026 - Invesco ... today announces the launch of its European Upper Middle Market Income Fund'); all data in the announcement as at 30 Oct 2025
Listed as “Invesco Private Markets SICAV - Invesco European Upper Middle Market Income Fund“ · fund type: EU/foreign ELTIF, closed-ended, all investors
Institutional and wealth clients ('available for both institutional and wealth clients'); 'The Fund is intended to be marketed to eligible Professional Investors and Retail Investors in select countries in the EU as eligible under the ELTIF Regulation'. Distribution countries at launch: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden; in addition distribution in the UK and Switzerland
Passporting at launch: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden; additional distribution: United Kingdom and Switzerland
Fund level only - direct investments in performing loans (first lien, unitranche) to larger European mid-market companies (EU, EEA, UK, Switzerland). No master/feeder or target-fund structure, no double charging. AIFM: Invesco Management S.A. (IMSA)
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.
Blackstone
Part II SICAV monthly
CVC Capital Partners
SICAV quarterly
Muzinich & Co.
ELTIF 2.0 monthly
Apollo Global Management
Part II SICAV quarterly