Carmignac Private Evergreen
Overview
Strategy
Carmignac Private Evergreen invests primarily in global private equity, focusing on secondary interests and co-investments in diversified buyout and growth companies, mainly across North America and Western Europe. The portfolio combines secondary acquisitions of fund interests with selective primary commitments and direct co-investments, may add opportunistic pre-IPO or listed exposures, and uses a liquid sleeve for ongoing liquidity management while targeting sustained high private asset exposure.
Performance
Total Returns (% Net of Fees)
Total Returns (% Net of Fees)
| Net returns (since inception) | I EUR Acc |
|---|---|
| Total Return | 8.4% |
| Annualized Return | 7.7% |
| Best Month | (Dec 2025)5.1% |
| Worst Month | (Apr 2025)-1.5% |
| Risk metrics (since inception) | |
| Volatility | 5.7% |
| Sharpe Ratio (4.3% risk-free) | 0.6 |
Allocations
Underlying Investment Type allocation
Underlying Investment Type
Underlying Investment Type
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Get accessVintage allocation
Vintage
Vintage
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Get accessSector allocation
Sector
Sector
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Geography
Geography
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Get accessKey terms
| Management Fee: | 1.00% | Maximum rate; accrued each Valuation Day and paid monthly in arrears |
| Management Fee Basis: | NAV | Out of Sub-Fund assets. |
| Performance Fee: | 15.00% | 5% annualised hurdle over High Watermark; 100% catch-up; 5-year rolling performance reference period; accrued monthly; paid after each Calculation Period; crystallises on redemption, class liquidation |
| Performance Fee Basis: | Change in NAV, Distributions | Positive returns defined as NAV per Share net of costs, charges and expenses but gross of all actual or deemed distributions; measured over each Calculation Period; monthly accrual |
| Hurdle rate: | 5.00% | 5% net-of-fees annualised hurdle vs Class High Watermark; measured over Fiscal-Year Calculation Period; monthly accrual on Performance NAV incl. distributions |
| Catch-up: | 100.00% | 100% catch-up of positive performance after hurdle until 15% Performance Fee share reached over Calculation Period; thereafter 15% |
| Front load (subscription): | 0.00% | |
| Back load (redemption): | 5.00% | If redeemed within 18 months of launch; payable to the Sub-Fund. |
| Servicing fee: | 0.00% | Distribution fee, if any, paid out of management fee; no separate shareholder servicing fee |
FAQ
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