Fund database › Private Equity
UBS Asset Management · LU2459535261
Part II SICAV Private Equity Luxembourg Article 6 Secondaries Co-Investments Buyout
Unit price (NAV) in EUR · 34 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.
| Performance 12M | 3.74% |
| Since launch p.a. | 7.90% |
Target return per the provider: 'The fund aims to offer investors attractive net returns' — no figure. Expressly NO benchmark. PRIIPs scenarios class EUR P-acc after 5 years: stress -12.1 % p.a., unfavourable +1.9 % p.a., moderate +20.6 % p.a., favourable +25.3 % p.a.; return before costs in the moderate scenario 24.0 % p.a
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 | 2.50% |
| Total ongoing costs | 2.50% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 10.00% |
| Hurdle rate | 8.00% |
| High-water mark | no |
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 (typical)
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; on each date the fund redeems at most 5 % of fund assets; for the first 12 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 — 'Units may be redeemed as at the last calendar day of each calendar quarter, subject to the provisions set out in the prospectus.'
5 % of share-class NAV per quarter
not documented
5 % redemption charge if redeemed in under 12 months, up to 2 % thereafter
Who stands behind the fund, who it is authorised for — and what the figures rest on.
UBS Asset Management (Europe) S.A. (PRIIP manufacturer), authorised in Luxembourg and regulated by the CSSF. Legal structure of the fund: SICAV, undertaking for collective investment (UCI) Part II under Luxembourg law, alternative investment fund (AIF)
UBS Europe SE, Luxembourg Branch (custodian/depositary)
No launch date in the KID. Documented: 'The product has no maturity date (the product was established for an indefinite period). The manufacturer may terminate the product early.'
'This investment fund is suitable for retail investors with a certain level of investment knowledge in relation to this investment instrument who are able to bear possible investment losses. ... it requires acceptance of RESTRICTED ACCESS to the invested capital. It meets MEDIUM-TERM investment needs and should be acquired only on the basis of an APPROPRIATENESS ASSESSMENT.'
AT, BE, BG, HR, CY among others (37 countries)
DOUBLE CHARGING IS STRUCTURAL AND IS IMPLIED IN THE KID. The KID describes the strategy as follows: 'The Fund will either ACQUIRE ASSETS ON THE PRIVATE EQUITY SECONDARY MARKET or COMMIT TO PRIVATE EQUITY FUNDS or CO-INVESTMENT opportunities alongside private equity funds.' The focus is on secondary-market acquisitions (by far the largest part of the capital invested), supplemented by selected primary commitments and co-investments. At the level of the underlying private equity funds, management fees and carried interest arise in addition; the KID expressly points out that 'the underlying private equity funds can be subject to leverage and relatively illiquid'. The difference between the stated fund-level fee (2 %) and the KID costs (3.9 %) is essentially attributable to this second level
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.