Fund database › Private Credit
LGT Capital PartnersLU2607368763Class B USD
LGT Global Private Credit diversifies across income-oriented and opportunistic credit strategies, corporate and asset-backed, in Europe and North America — as a Luxembourg SICAV-RAIF, launched in 2023.
A hard three-year initial lock from first subscription; thereafter quarterly redemption with a good quarter's notice and a net gate, without exit fees. Monthly subscription.
The main share class covered here is sized purely for institutions; the fund as a whole is reserved for qualified investors. Not registered for distribution in Germany.
The credit counterpart to LGT's PE evergreen with an identical philosophy: a long initial commitment instead of tight permanent gates — a model that puts portfolio quality above dealing convenience and addresses investors who choose that difference deliberately.
Figures for class B USD (LU2607368763) · product data 12 Oct 2026 · sources: prospectus (as at 25 Apr 2025), PRIIPs-KID, Factsheet, monthly report — full list under 08 documents.
Since the data series began in Oct 2024, the unit price has gained 7.6% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
22 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. The fund has been running since Jan 2023; a reliable NAV series of the class is available from Oct 2024.
What the prospectus permits: Direct lending, subordinated loans (mezzanine), specialty finance/ABS, structured credit as well as distressed/special situations; access through direct investments, secondaries and manager selection
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
140 holdings; the largest are Peak Utility Services, LGT Global Opportunistic Credit Segregated Portfolio, Olyos Group. 22.0% is held in the liquidity reserve — enough for 13 months of maximum redemptions.
How the reserve is invested: Liquid loans (aggregate position) 15.9% · Liquid Credit (aggregate position, master fund) 15.4% · LGT Global Liquid Credit Sub-Fund 14.1%. It covers 13 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: 7 loans, 2 primary funds, 1 LP secondary.
In-house segregated portfolio vehicle of LGT Capital Partners (Cayman structure) for opportunistic credit investments …
Irish credit vehicle (designated activity company) of the London-based credit manager Albacore Capital, which invests in opportunistic and structured credit …
NAV financing extended to Nordic Capital Fund X, a buyout fund of Swedish private equity manager Nordic Capital focused on healthcare, technology …
NAV financing for Sagard 4, a private equity fund managed by Sagard, the alternative investment platform of Canada's Power Corporation (Desmarais family).
Waystone is a Dublin-based service provider to the fund industry, offering fund governance, management company (ManCo) services, compliance, risk management and fund administration …
Fund in the capital relief series of Christofferson, Robb & Company (New York) that assumes credit risk from bank portfolios through risk transfer and capital relief transactions.
Positions and shares according to the provider; weights of the holdings are not reported; short descriptions by semiliquid.info from public sources; holdings as at 31 May 2026, reserve as at 30 Jun 2026; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 1.90%, class B USD is below the median of the asset class (2.05%). On top comes a performance fee of 10% above a hurdle of 5% — with a high-water mark.
For 50,000,000 USD this means roughly 950,000 USD per year.
For 50,000,000 USD, a one-off up to 1,500,000 USD on purchase and up to 1,000,000 USD on redemption.
Based on the PRIIPs key information document of class B USD, 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 at the end of the previous month — it is not known when the order is placed.
AML documentation to be submitted to the administrator without delay together with the …
or another day as agreed with the Directors/AIFM.
Price = NAV at the end of the previous month.
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 |
| Dealing day | 1st business day of the month |
| Cut-off | 10 business days before dealing day · 17:00 Luxembourg · (before the anchor date) |
| Price | previous month-end |
| NAV publication | Valuation day = last calendar day of the month, valuation point close of business; no publication deadline set out |
| Payment | pre-funding: 6 business days before dealing day |
| Minimum investment | EUR 100,000 (Regulatory Minimum Subscription Amount) |
| Entry charge (max.) | 3% (Fund) |
| KYC / documents | AML documentation to be submitted to the administrator without delay together with the initial application |
| Revocation | Withdrawal of the subscription request only until the Dealing Deadline, thereafter only with the consent of the board of directors |
| Business day | Business Day: any day (excl. Sat/Sun) on which banks are open for business in Dublin, Luxembourg and Zürich (p. 35) |
Dates calculated from the prospectus rules (bank holidays: CH, IE, LU); 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) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Cap of 5% of the NAV of the company, calculated net (redemptions less subscriptions of the Dealing Day), may …
NAV per unit less redemption fee (up to 2%)
Redemptions are limited per redemption date (first business day of the calendar quarter) to a net 5% of the …
No date can be calculated from the captured rules — a determinable valuation day is missing. Shown are the prospectus figures.
Money typically within half a year — on average 180 days from decision to cash.
Rank 41 of 112 · rank 16 of 31 in Private Credit · no lock-up · no fixed redemption fee
Confidence medium — waiting time approximated · prospectus as at 25 Apr 2025 · score run 16 Oct 2026 · How 180 days become 36 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 | special rule, see prospectus |
| Notice | 99 calendar days before redemption day · 17:00 Luxembourg |
| Price | quarter-end |
| Payout | 35 calendar days after redemption day |
| Gate | 5% net of NAV on the redemption day per redemption day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 2% (discretionary) |
| Lock-up | none |
| Suspension | Closure or suspension of trading on material markets; emergency or impossibility of valuation; suspension at the Master Fund |
| Liquidity tools | Redemption cap of 5% net; holdback; redemption in kind subject to consent; Side Pockets and Liquidating Side Pocket Shares; suspension; anti-dilution levy |
| Switch / transfer | permitted with consent; the transferee must execute a Subscription Agreement and be an Eligible Investor |
| Compulsory redemption | in the event of non-payment, missing KYC documentation, loss of investor eligibility, failure to maintain the minimum holding or at the Board's discretion |
Redemptions are limited per redemption date (first business day of the calendar quarter) to a net 5% of the company's net asset value: the relevant figure is the total of the redemption requests less the subscriptions of the same dealing day, divided by the most recently available net asset value.
The redemption limit of 5% is defined as a net ratio: redemption requests less the subscriptions of the same dealing day, divided by the last available net asset value of the company as at the redemption date. The board of directors may increase or reduce the ratio at its discretion. The monthly report as at 31 May 2026 confirms that the gate has not been drawn to date.
Data as at 12 Oct 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class B USD.
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. The risk indicator differs by class (3 to 4); the key figures show the value of the basis class.
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) Date of production 12 Nov 2024 | 8 Nov 2024 | — |
| Factsheet / monthly report | 1 Jul 2026 | — |
| NAV series secondary source (data portal) | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 May 2026 | 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, notice period 99 calendar days before redemption day, with 5% gate per redemption day.
Ongoing costs of 1.90% p.a. according to the PRIIPs KID for class B USD; the median of the Private Credit funds in this database is 2.05%; plus a performance fee of 10%.
From 100,000 USD in the smallest class in USD.
Not as a retail investor. According to our evidence, in Germany it is open only to professional and institutional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the LGT Global Private Credit. Under the prospectus a gate of 5% per redemption day applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.