Fund database › Private Equity
RedstoneLU2847069437Class I
The Redstone Global Venture ELTIF opens European venture capital in fund-of-funds format — primaries, secondaries and venture debt, as a Luxembourg ELTIF 2.0, launched in 2025, distributing.
The terms rank among the strictest in the field: a seven-year minimum holding period, a full year's notice, quarterly dealing dates and a limit measured against the freely available liquid assets; since summer 2026, scaled-down orders lapse instead of being carried forward with priority. Daily subscription is possible.
Subscription from EUR 250,000 for retail and professional investors; distribution in a few countries, Germany included, recommended holding period ten years.
More consistently than any competitor, this ELTIF translates the illiquidity of venture portfolios into its terms — de facto a closed-end fund with a redemption option rather than a semi-liquid product. Every prospective investor should know about the recent tightening of the carry-forward rule.
Figures for class I (LU2847069437) · product data 25 Sep 2026 · sources: prospectus (as at prospectus September 2025; investor notices 03.07. and 10 Jul 2026, effective 17 Aug 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in May 2025, the unit price has lost 0.5% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
33 monthly values · Source: secondary source (data portal), Bloomberg · Price return excluding distributions · 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 2025; a reliable NAV series of the class is available from May 2025. distributing, no distribution data — price return excluding distributions.
What the prospectus permits: At least 55% of capital in target funds, predominantly primary funds, complemented by secondary funds; up to 45% liquid investments; the target funds are predominantly funds advised by Redstone; portfolio with 200+ technology companies
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The largest holdings are Redstone Fintech & Beyond Fonds III GmbH & Co. KG, FIV Industry 4.0 Ventures Fund SCSp. 101.6% is held in the liquidity reserve.
Focus according to fund documents: Industrial goods & components 26%, Software & SaaS 26%, Special situations 17%, Healthcare & life sciences 15%, Consumer discretionary 7%, Other 9%
Focus according to fund documents: Europe, other 49%, DACH 32%, United States 14%, Other / unallocated 5%
Among the largest positions: 2 primary funds.
German venture capital fund (GmbH & Co. KG) from the “Fintech & Beyond” series of Berlin-based manager Redstone.
Luxembourg venture capital fund (SCSp) from Redstone's strategy range that invests in Industry 4.0 and industrial tech start-ups, such as automation …
Positions and shares according to the provider; weights of the holdings are not reported; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.70%, class I is above the median of the asset class (2.60%). There is no performance fee.
For 250,000 EUR this means roughly 6,750 EUR per year.
For 250,000 EUR, a one-off up to 12,500 EUR on purchase.
Based on the PRIIPs key information document of class I, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed daily. The price is the NAV on the valuation day — it is not known when the order is placed.
Acquisition only after full identity verification, no fixed deadline
Applications received after 16:00 Luxembourg time are settled at the issue price of the …
Price = NAV per share on this day.
An order placed today is invested in — days (—). Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
Shown without a date because the prospectus does not quantify: NAV publication, payment. The remaining markers are calculated from the prospectus rules.
| Frequency | daily |
|---|---|
| Procedure | fully paid-in |
| Valuation day | every bank business day |
| Cut-off | 10 business days before Valuation day · 16:00 Luxembourg · (before the anchor date) |
| Price | next NAV after centralisation |
| NAV publication | The NAV is calculated for each bank business day (valuation day); no publication deadline stated |
| Payment | DVP: 2 business days after Valuation day |
| Minimum investment | 25000 EUR |
| Entry charge (max.) | 5% (distributor) |
| Subscription limit | Number of units and period generally unlimited; the issue may be suspended temporarily or entirely |
| KYC / documents | Acquisition only after full identity verification, no fixed deadline |
| Revocation | Retail investors: cancellation of the subscription within 2 weeks without deductions |
| Business day | Bank business day = any working day on which the banks in Luxembourg, Hamburg and Frankfurt are open, other than 24 and 31 December (p. 16) |
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 84 months. How quickly the money arrives and what happens if many want out at once is set out below.
Notice period 12 months to the redemption day.
Price = NAV per share on this day.
Quarterly liquidity limit: redemptions are limited to 50% of the sub-fund's freely available liquid …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Shown without a date because the prospectus does not quantify: NAV publication. The remaining markers are calculated from the prospectus rules.
An exit is possible after three years at the earliest — arithmetically 2969 days from decision to cash.
Rank 102 of 112 · rank 38 of 38 in Private Equity · 84 months lock-up · no fixed redemption fee
Money typically only after more than a year — on average 415 days from decision to cash.
84 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 10 Jul 2026 · score run 16 Oct 2026 · How 2969 days become 0 pointsThe 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 | 12 months before redemption day |
| Price | quarter-end |
| Payout | 2 business days after redemption day |
| Gate | 50% gross of available liquidity per redemption day; Liquid investments only assets under Art. 50 (1) UCITS Directive |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | 0% |
| Lock-up | investor-level, 84 months (subscription) |
| Suspension | exceptional circumstances; investor interest; valuation disruption |
| Liquidity tools | Designated as an LMT in sub-fund supplement 6.2 with effect from 17 Aug 2026: extended notice period (+3 months) and redemption limit of 50% of the Freely … |
| Switch / transfer | no stock exchange listing; trading on a stock exchange/organised market not excluded, acquisition via the secondary market envisaged |
| Compulsory redemption | in the case of a Defaulting Investor, compulsory redemption at 75% of the most recently determined NAV (prospectus 8.2). |
Quarterly liquidity limit: redemptions are limited to 50% of the sub-fund's freely available liquid investments (no NAV ratio). Where this is exceeded, all requests for the same redemption day are satisfied pro rata; from 17 Aug 2026 the portion not executed lapses without replacement (until then: carried forward to the next redemption day with priority over new requests).
The limit is not a NAV ratio: redemptions are capped at 50% of the sub-fund's Freely Available Liquid Investments, that is, at the liquid assets that are not committed to short-term liabilities, fees, provisions, outstanding payment obligations or reinvestments.
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class I.
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 | 22 Sep 2025 | — |
| Prospectus | 3 Jul 2026 | — |
| Document | 10 Jul 2026 | — |
| Annual / semi-annual report | 30 Sep 2025 | — |
| Key information document (PRIIPs KID) | 23 Jul 2026 | — |
| NAV series secondary source (data portal), Bloomberg | 25 Aug 2026 | Performance (01) |
| Positions and reserve | 30 Sep 2025 | 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 12 months before redemption day, with 50% gate per redemption day. Subscribing today, it takes on average 2969 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.70% p.a. according to the PRIIPs KID for class I; the median of the Private Equity funds in this database is 2.60%; no performance fee.
From 25,000 EUR in the smallest class in EUR.
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 Redstone Global Venture ELTIF. Under the prospectus a gate of 50% per redemption day 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.