Fund database › Private Equity
Sienna GestionFR001400LQT2Class A2
Sienna Private Assets Allocation blends private equity with infrastructure and growth allocations in a French FCPR — launched in 2024, accumulating, with a firmly anchored minimum quota of liquid assets and no carried interest at fund level.
A hard five-year lock-up from launch; thereafter semi-monthly windows open with short notice and a monthly ceiling. The recommended holding period is eight years.
Subscription from EUR 1,000 — primarily through French life-insurance and retirement wrappers; not registered for distribution in Germany.
The French insurance-savings model in its purest form: a minimal entry hurdle and a high built-in liquidity reserve in exchange for a long initial commitment. The multi-asset blend with an infrastructure share sets it apart from the pure PE FCPRs.
Figures for class A2 (FR001400LQT2) · product data 24 Sep 2026 · sources: prospectus (as at 16 Apr 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Aug 2024, the unit price has gained 9.6% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
25 monthly values, 23 derived from monthly returns · Source: 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 Jul 2024; a reliable NAV series of the class is available from Aug 2024.
What the prospectus permits: Fund of funds approach with primary LBO, secondary LBO and co-investments
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
9 holdings; the largest are Olyos, Polaris, Vinted. 37.0% is held in the liquidity reserve — enough for 18 months of maximum redemptions.
How the reserve is invested: Sienna Monétaire – FS C 19.3% · Sienna Très Plus – Part A 7.6%. It covers 18 months of the maximum net redemption (at most 24% per year under the gate) — what that means for redemptions is in 06.
Among the largest positions: 3 equity holdings.
Positions and shares according to the provider; weights of the holdings are not reported; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 3.80%, class A2 is well above the median of the asset class (2.60%). There is no performance fee.
For 1,000 EUR this means roughly 38 EUR per year.
For 1,000 EUR, a one-off up to 50 EUR on purchase.
Based on the PRIIPs key information document of class A2, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed fortnightly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 6 business days later.
Price = NAV per share on this day.
NAV on the 15th and on the last calendar day of each month, provided this is a business …
after NAV publication: 3 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 | fortnightly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | 15th and month-end |
| Cut-off | 5 business days before NAV day · 11:00 Paris · (before the anchor date) |
| Price | next NAV after centralisation |
| NAV publication | NAV on the 15th and on the last calendar day of each month, provided this is a business day, otherwise on the first preceding business day. |
| Payment | after NAV publication: 3 business days after NAV publication |
| Minimum investment | EUR 1,000 |
| Entry charge (max.) | 5% (distributor) |
| Subscription limit | Suspension des Souscriptions possible, including where the Quota Juridique could fall below 50% or where the cumulative subscriptions of the last 12 rolling months exceed 10% of net assets. |
| Revocation | Subscriptions are firm and irrevocable |
| Business day | Any day other than Sat/Sun and public holidays in Paris on which EUR payments are settled on the Paris interbank market and TARGET is operating (p. 7) |
Dates calculated from the prospectus rules (bank holidays: FR, TARGET); only the transfer agent’s confirmation is binding. Data as at 24 Sep 2026 · Documents: 08.
Units can be redeemed fortnightly — with a volume limit (Gate), lock-up 60 months. How quickly the money arrives and what happens if many want out at once is set out below.
Lock-up of 5 years from constitution (5 Jul 2024), recommended holding period at least 8 years.
Price = NAV per share on this day.
Redemptions are possible only after the five-year lock-up from fund launch, thereafter at each semi-monthly …
NAV publication
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically only after more than a year — on average 1031 days from decision to cash.
Rank 98 of 112 · rank 35 of 38 in Private Equity · 33 months lock-up · no fixed redemption fee
Money typically within a month — on average 28 days from decision to cash.
33 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 16 Apr 2026 · score run 16 Oct 2026 · How 1031 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 | fortnightly |
| Valuation day | 15th and month-end |
| Notice | 5 business days before NAV day · 11:00 Paris |
| Price | next NAV after centralisation |
| Payout | 3 business days after NAV publication |
| Gate | 2% net of NAV on the redemption day per month; 2% of net assets per month is at the same time the minimum amount satisfied. |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | fund-level, 60 months (the constitutive documents) |
| Suspension | exceptional circumstances under Art. L.214-24-41 CMF; end of the subscription period before pre-liquidation; insufficient liquidity |
| Liquidity tools | Plafonnement des Rachats 2% net per month with automatic carry-forward without priority; Suspension des Rachats. |
| Switch / transfer | Transfer possible, in principle subject to the prior consent of the management company, KYC and accession of the transferee, notification at least 10 business … |
| Compulsory redemption | Compulsory redemption in the event of incorrect statements in the subscription form or of adverse tax or regulatory consequences (US law, FATCA). |
Redemptions are possible only after the five-year lock-up from fund launch, thereafter at each semi-monthly NAV determination. Requests are met up to at least 2% of the fund's net assets over one month (Seuil de Plafonnement); the relevant measure is the balance of centralised redemption and subscription requests in relation to net assets.
The gate applies only after the five-year lock-up. The 2% is formulated as a MINIMUM TO BE MET: redemptions are met up to at least 2% of net assets over one month; only beyond that may the management company scale back. The relevant figure is the balance of redemption and subscription requests, and the threshold applies uniformly to all share classes.
Dates calculated from the prospectus rules (bank holidays: FR, TARGET); only the transfer agent’s confirmation is binding. Data as at 24 Sep 2026 · Documents: 08.
5 classes. All cost and risk figures on this page refer to the basis class A2.
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 |
|---|---|---|
| Key information document (PRIIPs KID) Date de production 9 Jul 2025 | 9 Jul 2025 | — |
| Factsheet / monthly report | 31 Mar 2026 | — |
| Presentation as at 1 Apr 2025 | 1 Apr 2025 | — |
| Prospectus | — | — |
| NAV series price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 30 Jun 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 semi-monthly, notice period 5 business days before NAV day, with 2% gate per month. Subscribing today, it takes on average 1031 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 3.80% p.a. according to the PRIIPs KID for class A2; the median of the Private Equity funds in this database is 2.60%; no performance fee.
1,000 EUR in class A2.
As at 16 Oct 2026, no redemption restriction is documented for the Sienna Private Assets Allocation. Under the prospectus a gate of 2% per month applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.