Fund databasePrivate Credit

LGT Global Private Credit

LGT Capital Partners · LU2607368763

SICAV-RAIF Private Credit Luxembourg 4 share classes ↓ Secondaries Direct Lending Mezzanine / Subordinated

NAV · 30 Jun 2026115.73 USD
Fund currencyUSD
Income treatmentaccumulatingclass tracked, verified
Performance since Oct 2024 p.a.+7.6%Class B USD
Ongoing costs1.50% p.a.
Min. investment
Redemptionquarterly
Risk (SRI)4 / 7

01Performance

Unit price (NAV) in USD · share class B USD · 21 data points

115.73 USDNAV as at 30 Jun 2026
103.2107.2111.1115.1Oct 2024Mar 2025Aug 2025Jan 2026Jun 2026
Source: Price feed from the management company all values documented from primary sources
YTD+2.8%
1 year+6.7%
since Oct 2024 p.a.+7.6%

Calendar-year returns

Calendar years, calculated from the NAV series

+8.2%2025+2.8%2026 YTD

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.

Provider figures

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 May 202611.90%
Since launch p.a. · as at 31 May 20268.10%

Target return per the provider: No target return. Investment objective: 'attractive long-term capital appreciation from a globally diversified portfolio of Credit Investments'. PRIIPs scenarios Class B (USD 10,000, 6 years): stress -12.93 % p.a. / unfavourable 1.28 % p.a. / moderate 4.01 % p.a. (USD 12,660) / favourable 5.15 % p.a.; after 1 year moderate 3.88 %. Before costs 5.68 % p.a. over the recommended holding period

Source: KID_LU2607368763_Class-B, Performance Scenarios

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2023
Fund sizeUSD 4.80bnas at 31 May 2026
CurrencyUSD
Income treatmentboth
SFDR
Recommended holding6 yrs
Liquidity buffer4.90%
Leverage limit

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.

Sector breakdown

Actual portfolio% of fund assetsas at 31 May 2026

Industrials & manufacturing21.0%
Financial services19.0%
Technology & software19.0%
Healthcare & life sciences14.0%
Consumer & retail14.0%
Private credit, not broken down10.0%
Other3.0%
Show individual values
Financial services19.0%
Industrials & manufacturing18.0%
Technology & software16.0%
Healthcare & life sciences14.0%
Consumer discretionary11.0%
Private credit, not broken down10.0%
Communication services3.0%
Consumer staples3.0%
Chemicals & materials3.0%
Other3.0%
Source: LGT 'Global Private Credit (LGPC)' Monatsbericht Mai 2026

Geographic breakdown

Actual portfolio% of fund assetsas at 31 May 2026

Global, not broken down34.0%
United States26.0%
Europe, other24.0%
United Kingdom8.0%
Nordics3.0%
Italy2.0%
France1.0%
DACH1.0%
Benelux1.0%
Show groups
Europe40.0%
North America26.0%
Global, not broken down34.0%
Source: LGT 'Global Private Credit (LGPC)' Monatsbericht Mai 2026

Strategy

Secondaries Direct Lending Mezzanine / Subordinated Distressed / Special Situations

Direct lending, subordinated loans (mezzanine), specialty finance/ABS, structured credit and distressed/special situations; access via direct investments, secondaries and manager selection

Portfolio composition

As a % of NAV (31 May 2026): senior direct lending 29.2 % (USD 1,403.0m), structured credit 18.7 % (896.3), liquid credit 16.1 % (772.7), specialty finance 13.2 % (635.2), subordinated debt 12.3 % (592.4), distressed and special situations 5.6 % (269.0), cash and other 4.9 % (233.4). Total market value USD 4,568.5m = 95.1 % of NAV. The entire portfolio is held via the LGT Global Private Credit Master SCSp
Source: Factsheet monthly report May 2026, 'Portfolio breakdown'

Top holdings

Top 5 underlying borrowings (cost in USD m / % of fund AuM): Fabbrica Italiana Sintetici (Italy) 54.4 / 1.2 %; Cranemere (USA) 47.8 / 1.0 %; Plenitude (Italy) 44.5 / 1.0 %; MC Beagle (global) 36.1 / 0.9 %; CI Financial (Canada) 41.9 / 0.9 %. New investments May 2026: Peak Utility Services (US, 30.6), Olyos Group (France, 23.3), Content Partners (US, 40.0), Pavement Preservation (US, 12.9), Steliau Technology (France, 4.2), Advanced Integration Technology (US, 37.9), Aureos (UK & Ireland, 8.4)
Source: Factsheet monthly report May 2026, 'Top 5 underlying borrowings' and 'Investment activity'

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management feenot documented
Total ongoing costs1.50%
Entry charge max.0.00%
Redemption fee0.00%
Performance feenot documented
Hurdle ratenot documented
High-water marknot documented

In context: ongoing costs

This fund
1.50%
Median Private Credit
2.19%

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 the performance fee works

In the KID only indirectly: the estimate is produced by simulating the 'performance fee rules' over the last five years of the BENCHMARK RETURN INDEX. No information on the rate, the calculation basis, the hurdle, catch-up, high-water mark or crystallisation. The factsheet contains no fee information
Source: KID_LU2607368763_Class-B

Costs per the key information document

KID Class B (prepared 12 Nov 2024): management fees and other administrative/operating costs 1.5 % p.a. (USD 151 per USD 10,000); transaction costs USD 0 / 0.0 % ('we do not charge separately for this'); performance fees USD 16 / 0.2 % p.a. (estimate 0.16 % p.a.). Total costs: USD 164 on exit after 1 year, USD 1,282 after 6 years; annual cost impact (RIY) 1.6 % (1 year) and 1.7 % (6 years). KID note: return over the recommended holding period 5.68 % before costs and 4.01 % after costs
Source: KID_LU2607368763_Class-B, 'Costs over time' and 'Composition of costs'

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentnot documented
Entry chargeup to 0.00%
Rec. holding period6 years

Subscription per the document

Not expressly quantified. Valuation monthly: 'The Fund will be valued on the last business day of each month.' The share-class launch dates in the factsheet all fall on the first business day of a month (e.g. 1 Aug 2024, 1 Jul 2025), which points to monthly subscription

Source: KID_LU2607368763_Class-B; Factsheet 31 May 2026

05Redemption & liquidity

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; on each date the fund redeems at most 5 % of fund assets; for the first 36 months after subscription no redemption is possible.

1 · Lock-up36 months from subscription
2 · Notice periodnot published
3 · Redemption datequarterly
4 · Gatemax. 5 % per date
5 · Payoutnot documented

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.

Redemption per the document

Every 90 calendar days after expiry of the lock-up period: 'After the expiration of the lock-up period, investors are free to redeem their Shares every 90 calendar days, in accordance with the Offering Memorandum, by submitting a redemption request to the Administrator of the Fund.'

Source: KID_LU2607368763_Class-B, 'How long should I hold it'

Gate per the document

5 % of NAV per calendar quarter: 'Redemptions from this fund are restricted to 5% of net asset value in a calendar quarter.' Actual position May 2026: 'redemption pressure on LGPC remains muted, with Q2 gross redemptions c.2% of NAV. Furthermore, YTD LGPC inflows have exceeded redemptions by a ratio of approx. 3 to 1. The fund remains ungated, is operating as normal.'

Source: Factsheet monthly report May 2026, risk warning 'This fund might restrict outflows in the future' and fund commentary

Notice period

Not documented – the KID does not state a notice period, only that a redemption request must be submitted to the administrator ('in accordance with the Offering Memorandum').

Source: KID_LU2607368763_Class-B

Lock-up

Hard initial lock-up of 3 years: 'an initial lock-up period of three (3) years following the initial subscription day'; thereafter no exit fee (KID: 0 % exit costs)

Source: KID_LU2607368763_Class-B

06Share classes

4 classes known. All cost and risk figures on this page apply to LU2607368763.

ISINStatusMin. investmentOngoing costsSRI
LU2607368763basis of this pagenot documented1.50%4/7
LU2607368920not yet collectednot documentednot documentednot documented
LU2608626185not yet collectednot documentednot documentednot documented
LU2615704835not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

LGT Capital Partners (Ireland) Limited, 30 Herbert Street, Dublin, Ireland - at the same time the PRIIP manufacturer; authorised in Ireland and regulated by the Central Bank (reference C39681). Investment manager according to the factsheet: LGT Capital Partners Limited. Competent authority for the KID: CSSF

Source: KID_LU2607368763_Class-B, header; Factsheet 'Key facts' and Important information

Depositary

Neither the KID nor the factsheet names the depositary.

Source: KID_LU2607368763_Class-B; Factsheet 31 May 2026

Launch date

Company (feeder) incorporated on 7 December 2022; fund inception 27 Jan 2023 (factsheet 'Inception 27.01.2023', inception price USD 100.0 - refers to LGPC Master). Share class Class B USD (LU2607368763) launched on 1 Aug 2024.

Source: KID 12 Nov 2024; Factsheet 31 May 2026, 'Key facts' and 'Share class information'

Eligible investors

Exclusively qualified investors: 'The Company is marketed solely to eligible investors who qualify as (i) a professional client as defined in Annex II of the Directive 2014/65/EU ... or (ii) an investor whom the interests of the Company may be offered to subject to local laws ..., it being understood that all holder of Shares must qualify, or deemed qualify as well-informed investors under the definition of article 2 of the RAIF Law.' Factsheet: 'only suitable for professional investors (with the exception of Liechtenstein)' and 'The Product will not be marketed to retail investors.'

Source: KID_LU2607368763_Class-B, 'Intended retail investor'; Factsheet 31 May 2026, risk factors/Important information

Distribution authorisation

Austria, Belgium, Denmark, Finland, France and 11 further countries (full list not documented)

Fee layers / double charging

GENUINE MASTER-FEEDER STRUCTURE: feeder LGT Global Private Credit S.A., SICAV-RAIF -> master LGT Global Private Credit Master SCSp. The 1.5 % p.a. shown in the KID is consolidated (feeder plus master level); a separate breakdown is not published. In addition, LGT Capital Partners, as a fund-of-funds/multi-manager, typically also invests in third-party target funds - fees and carry incurred there would be added as a further layer (not shown separately in the KID)

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.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.