Fund database › Private Credit
Tiera Capital (Indosuez Wealth Management)LU3211780492Class R
The Tiera fund combines direct lending with fund-of-funds building blocks into a senior-secured-oriented European portfolio — the private-markets brand of Indosuez Wealth Management as an ELTIF 2.0, launched in 2026, with no performance fee.
Monthly subscription; quarterly redemption with roughly one quarter's notice (extendable) and a twelve-month minimum holding period from the initial subscription phase; the limit is measured in two stages against liquid assets and fund assets.
Subscription from EUR 20,000 for wealthy private clients, family offices and institutional investors; registered in thirteen countries, including Germany.
The wealth-management cut shows in the fee logic — no performance share, but distribution tied to the Indosuez world; in the dense credit-ELTIF field it positions itself as a house product with a short recommended holding period.
Figures for class R (LU3211780492) · product data 19 Aug 2026 · sources: prospectus (as at 30 Jan 2026), PRIIPs-KID — full list under 08 documents.
distribution policy not verified
1 monthly value · 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.
What the prospectus permits: Per the Tiera Capital strategy paper: European senior direct lending through a diversified allocation to specialised third-party managers (manager selection rather than proprietary origination), focus on senior secured loans.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
100.0% is held in the liquidity reserve — enough for more than three years of maximum redemptions.
Focus according to fund documents: n/a
Focus according to fund documents: Europe 100%
Positions and shares according to the provider; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 1.40%, class R is well below the median of the asset class (2.05%). There is no performance fee.
For 20,000 EUR this means roughly 280 EUR per year.
For 20,000 EUR, no charge on purchase and up to 400 EUR on redemption.
Based on the PRIIPs key information document of class R, hence comparable across providers. Median: 32 Private Credit 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 50 calendar days later.
before subscription; without complete AML and suitability documentation the subscription …
no time stated in the supplement; the prospectus permits Cut-Off times to differ by time …
Price = NAV per share on this day.
Valuation Day = last business day of the calendar month.
pre-funding: 5 business days before dealing day
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 business day of the month |
| Cut-off | 5 business days before dealing day · (before the anchor date) |
| Price | valuation day |
| NAV publication | Valuation Day = last business day of the calendar month; publication of the NAV generally within 50 calendar days after the Valuation Day |
| Payment | pre-funding: 5 business days before dealing day |
| Minimum investment | EUR 20,000 |
| Entry charge (max.) | 0% (distributor) |
| Subscription limit | Subscription applications may be accepted, deferred, placed in a queue or rejected in whole or in part; no quantitative cap |
| KYC / documents | before subscription; without complete AML and suitability documentation the subscription is delayed or cancelled |
| Revocation | Retail: cancellation within 2 weeks of subscription under Art. 30(7) ELTIF Regulation, repayment without deduction; not otherwise governed |
| Business day | any day on which banks are open the whole day for non-automated business in Luxembourg (p. 115); Supplement I names no further locations |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 12 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption right from expiry of the Minimum Holding Period of 12 months from the start of the Initial …
NAV per unit less redemption fee (up to 2%)
Two-stage limit per redemption day (the last business day of each quarter): no more than 33.3% of the free …
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 445 days from decision to cash.
Rank 69 of 112 · rank 27 of 31 in Private Credit · 8 months lock-up · no fixed redemption fee
Money typically within a year — on average 202 days from decision to cash.
8 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 30 Jan 2026 · score run 16 Oct 2026 · How 445 days become 18 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 | 90 calendar days before redemption day |
| Price | quarter-end |
| Payout | 10 business days after NAV publication |
| Gate | 5% of NAV on the redemption day per redemption day; in addition max. 33.3% of the sub-fund's free Liquid Assets that are not committed to liabilities, fees, provisions or … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 2% (discretionary) |
| Lock-up | fund-level, 12 months (fund launch) |
| Suspension | Closure or disruption of relevant markets and price sources; transfer or repatriation restrictions; suspension at target funds; force majeure |
| Liquidity tools | Redemption gate 5% of NAV; liquidity cap 33.3% of the free Liquid Assets; deferral and pro-rata carry-forward of redemptions with priority over new orders. |
| Switch / transfer | possible, but consent of the Board and compliance with the transfer restrictions required; secondary trading including on an MTF under. |
| Compulsory redemption | Prohibited Persons and Eligible Investors that no longer qualify (US Persons are deemed Prohibited Persons); Defaulting Shareholder following non-payment |
Two-stage limit per redemption day (the last business day of each quarter): no more than 33.3% of the free liquid assets are met; where requests exceed 5% of net asset value or 33.3% of the liquid assets, the board of directors may defer them pro rata to subsequent redemption days, where they are met in priority.
The gate applies at two thresholds: 5% of the sub-fund's net asset value or 33.3% of the liquid investments. Where either is exceeded, the board of directors may defer the requests in whole or pro rata to later redemption days; deferred requests are met there in priority, but at the latest are executed on the last business day of the 24th month after the original redemption day.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
8 classes. All cost and risk figures on this page refer to the basis class R.
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) | 21 Jan 2026 | — |
| NAV series price feed / provider document | 30 Jun 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 quarterly, notice period 90 calendar days before redemption day, with 5% gate per redemption day. Subscribing today, it takes on average 445 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 1.40% p.a. according to the PRIIPs KID for class R; the median of the Private Credit funds in this database is 2.05%; no performance fee.
20,000 EUR in class R.
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 Tiera Capital Evergreen Private Credit Fund. Under the prospectus a gate of 5% per redemption day applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.