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Moonfare Core III
Key Statistics
Fund Size
€100M
Launch Year
2024
Min. Investment
€50,000
Availability
Open for public
Structure
SCSp
Product Category
Closed-end
Domicile
Luxembourg
GP Type
Multi
Liquidity Level
Low (5+ years)
Management Fee
1%
Carry
10%
High Water Mark
No
Currencies
USD
Investor Eligibility
Professional
Liquidity Options
12+2+2-year structure
Highlights
Allocations
Investment Strategy
Industry Focus
Portfolio Composition
Information about fund
A One-Ticket Buyout Portfolio
Moonfare Core III is the 2024 vintage of Moonfare’s diversified fund-of-funds programme, offered as a closed-end Luxembourg partnership. It commits to eight to twelve institutional-quality buyout funds to gain exposure to well over a hundred mid-to-large-cap companies in North America and Europe — a one-ticket private equity allocation for investors who cannot or do not want to pick individual managers. Moonfare’s earlier portfolio funds give a sense of scale: Core Portfolio II closed above €100 million in May 2023 with roughly a fifth of Moonfare’s investors participating, and the first Buyout Portfolio closed at €70 million, 40% above its target.
Key Facts
Structure
Closed-end
Luxembourg SCSp, 2024 vintage
Underlying Funds
8–12
100+ companies look-through
Term
12+2+2 yrs
Capital calls, no secondary market
Minimum
$50,000
USD-denominated
Fees
~1% / 10%
Per Moonfare; plus underlying fund fees
Predecessor
€100M+
Core Portfolio II close, May 2023
Terms
A twelve-year term with two possible two-year extensions means a realistic horizon of 2036 to 2040. Capital is drawn in calls as the underlying funds invest and returned as they exit. The fund is denominated in US dollars with a minimum investment of $50,000, and Moonfare has described its portfolio funds as charging approximately 1% a year plus 10% carried interest on top of the underlying managers’ own fees. Exact terms, the list of underlying funds and performance data are shown only to eligible investors on the Moonfare platform.
Naming and Liquidity
A note on naming: Moonfare now markets this product line as “Buyout Portfolio”, and its public pages describe Buyout Portfolio II, targeting ten funds, as the current vintage. Fundscouter’s record predates that rebranding; the terms in this profile are those Moonfare gave for the 2024 vintage. There is no secondary market, so the full term should be treated as a lock-up.
Deepdive & Related Funds
Other Moonfare Funds
Moonfare Co-Investment Fund II
Moonfare Co-Investment Fund II (MCF II) is a closed-end Luxembourg SCSp that invests directly in 12–15 buyout deals alongside sponsors such as Hg, Vista and EQT, mainly in North America and Europe. It closed above target at $83 million on 18 February 2026 — 43% larger than Fund I — with 30% already deployed, backed by individuals, family offices and small institutions from 20+ countries. €50,000 minimum; capital is locked for the life of the fund and fees are disclosed only to eligible investors.
Moonfare Secondary Fund
Moonfare Secondary Fund is an open-ended Luxembourg SCSp launched in 2024 that invests in private equity secondaries — LP-led portfolios of fund stakes bought at a discount and GP-led continuation vehicles — with a buyout focus on North America and Western Europe. Monthly subscriptions, quarterly gated redemptions after a lock-up, €25,000 minimum; Moonfare describes pricing as roughly 1% management fee and 10% carry. Fund size and performance are not published.
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CollerEquity
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