Partners GroupLU2629416392Class PC (EUR) ACC
The youngest Partners Group building block carries the multi-asset concept into the ELTIF framework: private equity, debt, infrastructure and real estate through direct investments, primaries and secondaries, launched in 2024 and open to new subscriptions as an evergreen ELTIF since the start of 2026, accumulating.
Monthly subscription; quarterly redemption with roughly two months' notice and a net quarterly gate; no lock-up for the main share class.
Subscription from EUR 10,000 for retail and professional investors, recommended holding period five years; broadly registered with roughly twenty-eight distribution countries, including Germany.
With this, Partners Group becomes the only manager to complete the full matrix — every major asset class in both worlds, professional and retail: investors wanting the house's multi-asset approach now choose only the legal framework.
Figures for class PC (EUR) ACC (LU2629416392) · product data 26 Sep 2026 · sources: prospectus (as at July 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Jan 2026, the unit price has gained 4.4% (cumulative, 0.4 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
19 monthly values, 1 derived from monthly returns · Source: secondary source (data portal), price feed / provider document · 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 Apr 2024; a reliable NAV series of the class is available from Jan 2026.
What the prospectus permits: predominantly direct investments
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
103 holdings; the five largest account for 74.4% of the fund.
How the reserve is invested: DUTCH TREASURY CERT 0.0 29JAN26 8.0% · Admiral Bidco GmbH / First Lien DDTL (LX261234) 2.6% · Claudius Finance Parent S.A.R.L / First Lien (LX257763) 2.5% · 7 more 9.7%.
Among the ten largest: 8 equity holdings, 2 fund interests.
Velvet Care is the largest independent producer of tissue paper products in Central and Eastern Europe (toilet paper, kitchen towels, tissues; brands include Velvet and Foxy) …
Provider of inspection and integrity services for pipelines and other critical energy infrastructure, including in-line inspection using pigging technology; headquartered in Stans …
Exus North America is a renewable energy platform that manages, builds, owns and operates utility-scale solar, wind and battery storage projects in North America.
EdgeCore Digital Infrastructure develops, owns and operates large hyperscale data center campuses in the United States, leasing their capacity to cloud and technology companies.
Buy-and-build platform for pest control that brings together independent service providers in the United Kingdom and continental Europe.
Exus Europe provides technical and commercial asset management and development services for utility-scale solar, wind and battery storage assets in Europe …
Biologics contract research organization (CRO) focused on antibody discovery, antibody engineering and preclinical production for biotech and pharmaceutical clients worldwide.
St Croix Hospice is a pure-play hospice provider in the US Midwest, delivering palliative and end-of-life care mainly to patients at home and in care facilities.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; holdings as at 31 Jul 2026, reserve as at 31 Dec 2025; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.44%, class PC (EUR) ACC is above the median of the asset class (2.30%). On top comes a performance fee of 15% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 244 EUR per year; the cheapest class with a cost figure is I (EUR) (2.10%, from 2,000,000 EUR).
For 10,000 EUR, a one-off up to 500 EUR on purchase and up to 500 EUR on redemption.
Based on the PRIIPs key information document of class PC (EUR) ACC, hence comparable across providers. Median: 16 Multi-Asset funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 21 business days later.
Cut-off 'unless otherwise decided by the Manager in its discretion'.
Price = NAV per share on this day.
NAV usually available on the 21st business day after the Dealing Day
after NAV publication: 4 business days after NAV publication
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 —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last calendar day of the month |
| Cut-off | 25 business days before dealing day · 17:00 Luxembourg · (before the anchor date) |
| Price | valuation day |
| NAV publication | NAV usually available on the 21st business day after the Dealing Day |
| Payment | after NAV publication: 4 business days after NAV publication |
| Minimum investment | EUR 10,000 retail (PC/PR/TC/TR/SE/PG/M); 20,000 RDR; 2,000,000 I/AD; 25,000,000 EB-I |
| Entry charge (max.) | 5% (Fund) |
| Subscription limit | not addressed; the Board may reject subscriptions at its discretion |
| Revocation | Retail: cancellation within 2 weeks of signing; in the event of a suspension the order may be withdrawn |
| Business day | banks open the whole day for non-automated business in Luxembourg (p. 22); Supplement 1 with no differing definition |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 24 months. How quickly the money arrives and what happens if many want out at once is set out below.
Special Dealing: cut-off 17:00 Lux 10 business days beforehand, price estimate 30 calendar days …
NAV per unit less redemption fee (up to 5%)
NAV at previous quarter-end (—)
NAV publication
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within half a year — on average 176 days from decision to cash.
Rank 99 of 112 · rank 12 of 15 in Multi-Asset · no lock-up · exit costs of 5.0% included
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Jul 2026 · score run 16 Oct 2026 · How 176 days become 1 pointThe 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 | quarter-end |
| Notice | 65 business days before redemption day · 17:00 Luxembourg |
| Price | valuation day |
| Payout | 4 business days after NAV publication |
| Gate | 5% net of NAV at the previous quarter-end per quarter; option 1 of Annex I to the ELTIF Delegated Regulation must be complied with at all times |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% |
| Lock-up | fund-level, 24 months (fund authorisation) |
| Suspension | market closed/suspended; valuation sources unavailable; transfer restrictions |
| Liquidity tools | Redemption fee and redemption in kind as the LMTs selected; in addition suspension and Side Pockets |
| Switch / transfer | permitted, only to Eligible Shareholders and with the consent of the fund |
| Compulsory redemption | in the case of a Prohibited Person or loss of Eligible Shareholder status, at the Board's discretion; grace period possible |
The sub-fund redeems shares on a quarterly basis. Per quarter, net redemptions including the related conversions are in principle limited to 5% of the NAV of the outstanding shares – aggregated across all share classes – as at the end of the preceding quarter.
The 5% gate applies per quarter to net redemptions including the related switches, aggregated across all share classes and measured against the NAV as at the end of the preceding quarter; it is expressly subject to compliance with the requirements under Option 1 of Annex I to the ELTIF Delegated Regulation.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
16 classes. All cost and risk figures on this page refer to the basis class PC (EUR) ACC; the cheapest class with a cost figure is I (EUR) (2.10%, from 2,000,000 EUR).
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.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus | — | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Jul 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 65 business days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 176 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.44% p.a. according to the PRIIPs KID for class PC (EUR) ACC; the median of the Multi-Asset funds in this database is 2.30%; plus a performance fee of 15%.
10,000 EUR in class PC (EUR) ACC.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Partners Group Private Markets Opportunities. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.