Fund database › Private Credit
StepStone Group Inc. · LU2910550792
ELTIF 2.0 Private Credit Luxembourg Article 8 20 share classes ↓ Primaries / Target Funds Residential
Unit price (NAV) in EUR · share class RE-AC · 36 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.
Target return per the provider: No return target in the KID. PRIIPs scenarios class RE-AC EUR (EUR 10,000): after 1 year stress -8.1 % / unfavourable +2.4 % / moderate +8.0 % / favourable +12.3 %; after 5 years moderate +7.5 % p.a.; after 10 years stress -1.8 % / unfavourable +0.7 % / moderate +7.7 % p.a. (EUR 21,070) / favourable +8.4 % p.a. KID note: 10.8 % before costs and 7.7 % after costs over the recommended holding period
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 3 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 | 1.00% |
| Total ongoing costs | 2.00% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 7.50% |
| Hurdle rate | 5.00% |
| High-water mark | not documented |
Median across 23 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.
Not stated in the PRIIPs KID.
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.
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 via a repurchase programme: 'The limited shareholders are granted a repurchase right in each quarter'
Threefold limit: (i) 5 % of the ordinary units of the compartment in circulation or (ii) 5 % of the average aggregate NAV at the end of the three immediately preceding months - in each case the LOWER amount. IN ADDITION and independently of this: 'the total value of a repurchase programme shall not exceed 50 % of the sum of the compartment's UCITS-eligible assets and the expected cash flow projected on a prudent basis over 12 months, as at the repurchase date.'
Not shown in the PRIIPs KID.
No minimum holding period and no exit fee. KID: 'You should be prepared to remain invested for at least 10 years. This is, however, neither a minimum holding period nor a recommendation to redeem your investment after that period.' The compartment assumes that the investor is prepared to tie up their capital for at least 10 years
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.
20 classes known. All cost and risk figures on this page apply to LU2910550792. Minimum investment by class EUR 10,000 – EUR 1m.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2910550792 | basis of this page | EUR 10,000 | 2.00% | 3/7 |
| LU2910550446 | documented | EUR 10,000 | not documented | not documented |
| LU2910550529 | documented | EUR 10,000 | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2910551337 | documented | EUR 10,000 | not documented | 3/7 |
| LU2910551410 | documented | EUR 10,000 | not documented | not documented |
| LU2910551766 | documented | EUR 1m | not documented | not documented |
| LU2910551840 | documented | EUR 1m | not documented | not documented |
| LU2910550875 | documented | EUR 10,000 | not documented | not documented |
| LU3063762093 | documented | EUR 10,000 | not documented | not documented |
| LU3063762176 | documented | EUR 10,000 | not documented | not documented |
| LU2910551923 | documented | EUR 1m | not documented | not documented |
| LU2910552061 | documented | EUR 1m | not documented | not documented |
| LU2910552228 | documented | EUR 1m | not documented | not documented |
| LU3295035698 | documented | EUR 1m | not documented | not documented |
| LU3415145096 | documented | EUR 1m | not documented | not documented |
| LU3415145336 | documented | EUR 1m | not documented | not documented |
| LU3311133444 | documented | EUR 1m | not documented | not documented |
| LU3311133873 | documented | EUR 1m | not documented | not documented |
| LU3063762259 | documented | EUR 10,000 | not documented | not documented |
| LU3063762333 | documented | EUR 10,000 | not documented | not documented |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
StepStone Group Europe Alternative Investments Limited ('SGEAIL'), authorised in Ireland and supervised by the Central Bank of Ireland; at the same time the PRIIP manufacturer. Registered office of the company: 10 rue du Chateau d'Eau, L-3364 Leudelange, Luxembourg. Supervisory authority for the company: CSSF
Northern Trust Global Services SE, Luxembourg
First issue of the I classes on 29 Jan 2025 (monthly report: return period 'from 29 January 2025'); RE classes from 20 Aug 2025, RC-AC from 21 May 2025. Establishment of the compartment and ELTIF authorisation: 16 Jan 2024.
Listed as “StepStone (Luxembourg) SCA SICAV - StepStone Private Credit ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70165082
'The compartment is aimed at investors with a long-term investment horizon who can afford to invest part of their assets in an illiquid investment. The compartment assumes that the investor is prepared to tie up their capital for at least 10 years.' Retail investor target market in the PRIIPs sense
Initial distribution announced for Italy, Spain, Germany, France as well as the Nordics and Benelux
Predominantly fund level, but mixed implementation: direct lending + target funds (underlying funds), co-investments and secondaries. Where investments are made via target funds, a management fee/carry is incurred at the target-fund level in addition (double charging possible); according to its own statements StepStone usually waives double fees on in-house target funds - express confirmation in the prospectus n/a
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.
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