Pegasus Vermögensmanagement GmbH · LU3256141964
ELTIF 2.0 Real Estate Luxembourg Article 6 4 share classes ↓ Real Estate
Unit price (NAV) in EUR · share class R · 9 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: Provider figure: 8 % IRR targeted, planned profit distribution 8 % p.a. PRIIPs scenarios Class R, EUR 10,000: moderate scenario EUR 13,170 after 5 years = 5.7 % p.a. (0.3 % after 1 year); unfavourable -18.9 % p.a.; favourable 12.6 % p.a.; stress -21.0 % p.a. Return before costs 9.1 % / after costs 5.7 %.
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 | 2.30% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 25.00% |
| Hurdle rate | 5.00% |
| High-water mark | yes |
Median across 5 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.
Daily; lump-sum investment and instalment payments possible
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 360 days before the date; for the first 24 months after subscription no redemption is possible.
on set redemption dates, in each case at quarter-end
'the total amount of units to be redeemed on a redemption date is limited to 50 % of the freely available liquid assets of the sub-fund. Redemption requests may therefore be carried over in whole or in part to later redemption dates. There is no entitlement to redemption requests being executed in full or at any particular time.' In addition, the possibility of suspension in exceptional circumstances or where liquidity is insufficient
'Redemption notice period of at least twelve months (in the case of an extended redemption notice period, at least fifteen months) with effect from quarter-end'; redemption requests are irrevocable
Minimum holding period 2 years: 'Redemption of units is excluded during the first two years from the respective subscription date.' The footnote to the scenario table diverges from this and refers to 'the minimum holding period of 24 months or until expiry of the ramp-up phase of five (5) years'. No redemption charge.
4 classes known. All cost and risk figures on this page apply to LU3256141964.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3256141964 | basis of this page | not documented | 2.30% | 4/7 |
| LU3256141709 | not yet collected | not documented | not documented | not documented |
| LU3256141881 | not yet collected | not documented | not documented | not documented |
| LU3256142004 | 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.
HANSAINVEST LUX S.A., 19 rue de Flaxweiler, L-6776 Grevenmacher (external management company, SIGNAL IDUNA group, CSSF-regulated); fund design supported by the Buchner Gruppe; distribution by Pegasus Vermögensmanagement GmbH, Schongau (Paragraph 15 WpIG, BaFin)
Donner & Reuschel AG, Niederlassung Luxemburg, Grevenmacher
Not yet launched as at the KID reference date of 9 Jan 2026: 'The fund is an open-ended retail AIF to be established in Luxembourg'. Term fixed until 31 Dec 2125, extendable by up to 5 years at the management company's discretion
Listed as “Licus ELTIF - Real Estate Bridge Invest“ · fund type: EU/foreign ELTIF, closed-ended, all investors · ID 70175647
KID: 'The fund is aimed at all qualified investors who pursue the objective of wealth accumulation or wealth optimisation and wish to invest for the long term.' Presentation: retail clients, semi-professional, professional and institutional investors via different share classes. PRIIP authorised in Luxembourg and Germany. Right of withdrawal for retail investors of 2 weeks (Art. 30 Abs. 7 ELTIF-VO)
Germany, Luxembourg (further not documented)
Fund level (AIFM/management company in Luxembourg; fund design, investment and asset management by the Buchner Gruppe; distribution Pegasus Vermögensmanagement GmbH). No master/feeder or target-fund structure documented – the loans are advanced directly to qualifying portfolio undertakings. Costs arising at the level of the financed property/project companies do not hit the fund as a fee (creditor position) but may affect the borrower's credit quality. Note: the overlap of persons between fund design, asset management (Buchner Gruppe) and distribution (Pegasus) creates potential for conflicts of interest; remuneration for structuring/arrangement services at loan level is not disclosed (not documented)
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.