Fund database › Private Equity
LIQID Asset Management GmbH · LU2752403621
ELTIF Private Equity Luxembourg Article 8 4 share classes ↓ Secondaries Co-Investments Growth Equity
Unit price (NAV) in EUR · share class E EUR Acc · 25 data points
Calendar years, calculated from the NAV series
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: 10–12 % p.a. after costs and fees (long-term target return 12 % p.a.); moderate KID scenario 12.21 % p.a. over 5 years
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 | 2.49% |
| Total ongoing costs | 3.24% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 12.50% |
| Hurdle rate | 8.00% |
| High-water mark | not documented |
Median across 31 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 (purchase orders approx. 20 days before the monthly dealing day; savings plan from EUR 200/month)
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.
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 (after the end of the ramp-up phase); in addition monthly matching/sale to other investors
5 % of net asset value per quarter (aggregated across all share classes), equivalent to approx. 20 % p.a.; further restrictions possible in exceptional circumstances
90 days before the respective redemption date
Ramp-up phase of 2 years with no redemption option (ended on 30 Jun 2026); thereafter no formal minimum holding period
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.
4 classes known. All cost and risk figures on this page apply to LU2752403621. Minimum investment by class EUR 10,000 – EUR 20,000.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2752403621 | basis of this page | EUR 10,000 | 3.24% | 4/7 |
| LU2752404355 | documented | not documented | 2.76% | 4/7 |
| LU2752405329 | documented | not documented | 3.17% | 4/7 |
| LU2752405915 | documented | not documented | 1.07% | 4/7 |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Neuberger Berman AIFM S.à r.l.; depositary: Brown Brothers Harriman (Luxembourg) S.C.A.; custody partners in Germany: V-Bank, Upvest
Not documented (ELTIF authorisation 18 Mar 2024; ramp-up phase ended on 30 Jun 2026)
Listed as “NB Alternative Funds SICAV S.A. - LIQID PRIVATE EQUITY NXT“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70161524
Eligible retail investors and professional investors
Germany
TWO-TIER. The fund is a sub-fund of NB Alternative Funds SICAV S.A.; LIQID Asset Management GmbH acts as investment adviser, while portfolio management and the co-investment programme lie with NB Alternatives Advisers LLC (Neuberger Berman). Fees therefore accrue for LIQID (distribution/advice) AND for Neuberger Berman (portfolio management); both are aggregated in the 2.49 % and 3.24 % respectively. Strategy: co-investments (direct participations in companies alongside PE sponsors) – to that extent NO classic target-fund double charging, since there is no investment in target funds. Residual risk of a second layer via the structure of the co-investment programme: n/a
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.