Carmignac Private Evergreen : Characteristics & Risks
You may find in this section information on characteristics, costs, and risks of the Fund. If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.
Investment Universe and Objective
Carmignac Private Evergreen is a semi-liquid, open-ended Fund offering exposure to private equity primarily via secondaries, primaries, and direct co-investments. The Fund aims to provide positive returns and capital growth over the medium to long term through investments with a socially responsible approach, mostly in buyout and growth segments in developed markets worldwide.Characteristics
General Characteristics
- Management Company
- Carmignac Gestion S.A
- Legal Form
- Luxembourg SICAV (RAIF) sub-fund
- ISIN
- LU2799473397
- Bloomberg
- CAPSRFE LX
Detailed Characteristics
- SFDR - Fund Classification
- Article 8
- Risk Indicator
1
2
3
4
5
6
7
Lowest risk Highest risk
- Recommended minimum investment horizon
- 5 years
- Management
- Private Asset strategies
- Reference Indicator
- N.A.
- Morningstar Category
Morningstar Category - N.A.
Net Asset Value & Assets Under Management
- Date of 1st NAV
- 15/05/2024
- Base Currency
- EUR
- Share class AUM
- 21 M€ (29/11/24)
- Fund AUM
- 131 M€ / 139 M$
- Dividend Policy
- Accumulation
- Capital Guarantee
- No
- NAV Frequency
- Monthly
- Order Placement Cut-Off Time
- Before 16:00 CET
Fees
One-off costs upon entry or exit
- Entry costs
- We do not charge an entry fee.
- Exit costs
- 5,00% of your investment before it is paid out to you. 5% could be the maximum amount that may be charged to you. For A and I share classes, additional 5% could be the maximum amount that may be charged to you as the Early Redemption Fees if you request to redeem your Shares within eighteen (18) months of the launch of the Sub-Fund.
Ongoing costs taken each year
- Management fees and other administrative or operating costs
- 2,10% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Transaction Cost
- 0,06% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
Incidental costs taken under specific conditions
- Performance fees
- 15,00% of the Sub-Fund's positive returns subject to a five per cent (5%) Hurdle Rate. The real amount varies according to the performance of your investment.
Risks
Main Risks of the Fund
Liquidity- Should exceptionally large redemptions be made, forcing the Fund to sell, the illiquid nature of assets might require the Fund to liquidate assets at a discount in particular under unfavorable conditions such as abnormally limited volumes or unusually wide bid-ask spreads.
Valuation- The valuation method, which is partly based on accounting data (quarterly or semi-annually computed), and the difference in lag with which NAVs are received from the General Partners, could reflect impacts on NAV with a delay. Moreover, NAV is sensitive to the valuation methodology adopted.
Discretionary Management- Investors rely solely on the discretion of the Portfolio Managers, and the level of transparency of the information available, to select and realize appropriate investments. There is no guarantee in the ultimate success of investments.
Limited control over secondary investments- Where the Fund makes an investment on a secondary basis, the Fund will generally not have the ability to negotiate the amendments to the constitutional documents of an underlying fund, enter into side letters or otherwise negotiate the legal or economic terms of the interest in the underlying fund being acquired. The underlying funds in which the Fund will invest generally invest wholly independently.
- The Fund presents a risk of loss of capital.
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Carmignac Private Evergreen refers to the Evergreen sub-fund of the SICAV Carmignac Private S.A. SICAV-RAIF registered with the Luxembourg RCS under number B65477.
Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.