ELTIFs, evergreen funds and open-ended private-markets structures — compiled independently from the prospectus and the PRIIPs KID. Free, neutral, for retail investors and their advisers.
Data as at: product data 16 Oct 2026 · distribution and access data 5 Oct 2026
Private-markets funds for retail investors are growing fast. Yet what matters most — when and how you get your money back, and what the fund really costs — sits deep in the prospectus and is nowhere comparable across providers. That is exactly what we make visible.
More and more ELTIFs and evergreen funds are being distributed to retail investors, some from as little as EUR 1. Access is there — orientation is not.
Redemption terms, gates, notice periods and true total costs are named differently by every provider and buried deep in the documents. A clean comparison has not existed until now.
We compile these details in a structured way and make them comparable — with our own liquidity score showing how easily you can get at your money. Neutral, without recommendation.
Equally weighted total return indices by segment, calculated from the net asset values of the funds in this database — in euro, net of the ongoing charges of the share class used. Values prior to August 2026 are back-calculated.
These funds invest in non-listed assets and allow regular redemptions — but only up to a point. Three things are worth understanding before you subscribe:
Start by asset class — or go straight into the full database.
Three principles that make the difference — and that we keep visible instead of hiding them.
No ranking, no recommendation, no paid placements. We compare — we do not rate the fund.
The figures come from the prospectus and the PRIIPs KID and are made comparable across providers.
If a figure is missing from the document, it says "not documented" — not "0". The difference between it does not exist and we do not know matters.
The honest state of our data — openly disclosed:
Notice period documented for 119 of 140 funds, gate for 135. That is the biggest gap — and it happens to be the core promise.
Ongoing costs documented for 116 funds. The source is predominantly the PRIIPs KID, which makes them comparable across providers.
Currently one figure per fund, not per share class. Fees differ considerably between classes — by up to 1.4 percentage points.
Empty field = not documented in the source we reviewed. Figures from the prospectus and the PRIIPs KID.
Country of residence, investor category, amount — and you see which of the 140 funds we cover are legally accessible to you. 32 countries, neutral, no recommendation.
Accessible does not mean suitable. The check tells you what you are legally allowed to subscribe to — not what fits you. Semi-liquid funds can cap or suspend redemptions; a total loss is possible. The prospectus and the key information document are authoritative; your institution decides on your classification and the route to subscription.
The basis is the distribution notifications in the ESMA registers (ELTIF register and register of cross-border distribution), national registers (BaFin, FMA, AMF, FINMA) and provider disclosures, plus the minimum investment and investor category of each fund. Funds without authorisation in your country are shown for information only — they are not being offered.
Investor categories per country. Which categories you can choose depends on your country of residence: only some countries have a level between retail investor and professional client, and it has a different name in each. When in doubt we apply the stricter reading; more generous national special routes appear only as a note for the country.
Evidence: A register · B provider/research · C derived from the regulatory framework, no fund-specific evidence (in most countries this includes retail access to ELTIFs: the ESMA register shows it per fund only, not per country) · D unverified, no reliable statement.
Whether a fund can be subscribed depends on the country of residence and the investor category. The 32 countries of the check fall into four groups:
| Country | Funds for retail investors | Funds in any investor category |
|---|---|---|
| Germany | 58 | 116 |
| Austria | 32 | 102 |
| Switzerland | 0 | 77 |
| Italy | 42 | 101 |
| France | 46 | 109 |
Number of funds covered with documented or derived authorisation per investor category, without checking the minimum investment. Access data as at 5 Oct 2026.
Yes, provided the fund is notified for it: according to our evidence, 58 of the 139 funds we cover are open to retail investors in Germany (as at 5 Oct 2026). They are listed under funds for retail investors in Germany; before subscription, the bank or platform assesses suitability.
At least EUR 200,000 invested, a written risk declaration and an assessment of expertise and experience by the manager or distributor (§ 1(19) no. 33 KAGB). According to our evidence, 42 further funds can be subscribed in Germany from this category.
Retail investors without a mandate only if the fund is approved by FINMA (list of approved foreign collective investment schemes); on 5 Oct 2026 no fund in the database was listed. For opting-out clients the fund needs a Swiss representative and paying agent.
Live analysis of our database · product data as at 16 Oct 2026 · access data as at 5 Oct 2026
How we count, what we include, what we exclude.
Charts free to use with attribution.