VEGA Investment Solutions · LU2997435198
ELTIF 2.0 Multi-Asset Luxembourg Article 8 3 share classes ↓ Primaries / Target Funds
Unit price (NAV) in EUR · share class R · 2 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.
| Performance 12M · as at 31 Mar 2026 | 0.50% |
Target return per the provider: Investment objective: 'long-term capital growth through a multi private-assets fund of funds'; no quantified target return in the documents available. TVPI since launch 0.99x; performance since launch -0.50 %
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 6 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
Portfolio asset allocation as at 31 Mar 2026
Vintages
Breakdown by asset manager
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 | 2.83% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | not documented |
Median across 14 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.
Quarterly ('Valuation frequency Quarterly'); cut-off time 13:30 CET, D-5
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 180 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 60 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 after expiry of the initial lock-up period
not documented
180 days
60 months
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.
3 classes known. All cost and risk figures on this page apply to LU2997435198.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2997435198 | basis of this page | EUR 15,000 | 2.83% | 6/7 |
| LU2997435271 | not yet collected | not documented | not documented | not documented |
| LU2997435602 | 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.
Management company / AIFM: Natixis Investment Managers International (authorised by the AMF, GP 90-009, RCS Paris 329 450 738, 43 avenue Pierre Mendes-France, 75013 Paris). Investment manager: VEGA Investment Solutions (Paris, founded 1990, AUM EUR 82.7bn as at 31 Mar 2026)
Brown Brothers Harriman ('Custodian BROWN BROTHERS HARRIMAN')
Umbrella 'Natixis International Funds - Alternative (Lux)' established on 17 Jan 2025 (RESA publication 27 Jan 2025). Share-class launch ('share class inception') according to the factsheet: 31 Mar 2026.
'Investor type: Retail'. The factsheet itself is expressly intended only for professional clients ('may not be used with non-professional clients'). Prospectus: units are reserved for eligible investors; retail investor within the meaning of Art. 2(3) of the ELTIF Regulation
AT, DE, DK, ES, FI + 6 others
GENUINE FUND OF FUNDS WITH IN-HOUSE TARGET FUNDS – one of the clearest double-charging structures on the list. Provider description: 'Investit dans les meilleurs fonds d'actifs privés AU SEIN DU GROUPE BPCE et également à l'extérieur avec un processus de due diligence indépendant et d'analyse ESG respectant une approche AFFILIATE NEUTRAL.' The fund therefore invests deliberately in private-assets target funds of the BPCE/Natixis affiliates (private equity, private debt, real estate, infrastructure) AND in third-party funds; the 'affiliate neutral' commitment relates to selection, NOT to fees. Two layers: (1) fund level 2.82 % p.a. ongoing costs, no performance fee; (2) target-fund level: management fee and carried interest of the individual private-assets funds – not quantified separately in the KID. A fee rebate/waiver arrangement for in-house BPCE target funds is NOT documented. Note on manager attribution: Flexstone Partners is a separate Natixis affiliate and is NOT the manager of this fund; the portfolio manager is VEGA Investment Solutions
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.
Aberdeen Investments
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Amundi
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DWS / Deutsche Bank
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Erste Asset Management
ELTIF 2.0 quarterly