Natixis Multi Private Assets Navigator
Managed by Natixis Investment Managers
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Natixis Multi Private Assets Navigator
Key Statistics
Fund Size
€54.9M
Target Return
9.8%
Annualized Return
N/A
Launch Year
2025
Min. Investment
€10,000
Availability
Open through selected distributors
Structure
SICAV Part II (ELTIF 2.0)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Multi
Liquidity Level
Medium (1-5 years)
Management Fee
1.65%
Carry
None - no performance fee. Management fee by class (first 3 years / after): R 1.65%/1.83%, RE 1.90%/2.11%, N1 0.90%/1.00%, I 1.10%/1.20%, Q 0.90%/1.00%; plus underlying-fund fees max 1.50% (1.18% on model portfolio)
High Water Mark
No
ISIN
LU2997435198
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Quarterly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
6 out of 7
Annual Returns (KID Scenarios)
Stressed
-7.5%
Moderate
9.2%
Favorable
9.8%
Average Total Cost Level (KID)
3.8%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Portfolio Composition
Performance Summary
Q/A (EUR) - Capitalisation(LU2997435602) — Performance from 2025-03-31 to 2026-03-31
NAV: 997.3423
Performance Comparison
3 Months
-0.32%
Year to Date
-0.32%
1-Year Return
-0.27%
Annualized Since Inception
-0.27%
Historical NAV Per Share
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | — | — | — | — | — | — | — | — | — | — | — | — |
| 2025 | — | — | — | — | — | — | — | — | — | — | — | — |
Information about fund
Natixis Multi Private Assets Navigator at a Glance
Natixis Multi Private Assets Navigator is an evergreen ELTIF 2.0 fund of funds, a sub-fund of the Luxembourg Part II SICAV Natixis International Funds – Alternative (Lux), launched on 31 March 2025 and managed by VEGA Investment Solutions (EUR 82.7bn under management). It allocates top-down across private equity, private debt and infrastructure through underlying funds from Groupe BPCE affiliates and third-party managers, with no capital calls and quarterly subscriptions.
Key Figures (31 March 2026)
Net Assets
€54.9M
Class Q NAV €997.34; TVPI 1.00x
Since Inception
-0.27%
Q1 2026: -0.32%; ramp-up, ~72% in money-market funds
Management Fee
1.65%
Class R, first 3 years; RE 1.90%, N1/Q 0.90%, I 1.10%
All-in Cost
2.83%
Class R (RE 3.08%); underlying fees capped at 1.50%
Minimum
€10,000
Class RE; R €15,000; N1 via Nao from €1
Risk Indicator
6 / 7
KID (17 Mar 2026): 10y moderate 9.2%, stress -7.5%
Terms & Liquidity
| Lock-up | No redemptions before 4 February 2030 (five years after authorisation) |
| Redemptions after 2030 | Quarterly at quarter-end NAV, 6 months’ notice, capped at 5% of NAV per quarter and 50% of liquid assets (ELTIF Art. 18) |
| Anti-dilution | Levy of up to ~12% may be deducted from redemption proceeds; settlement ~33 business days |
| Fees | No performance fee, no exit fee; entry charge up to 5% |
| Underlying funds | Naxicap III, Mirova Energy Transition 6, Eurazeo PME V, CIC Senior Debt III, Eiffel Infrastructures Vertes (~€34M committed) |
| Distribution | Retail + professional; Nao (DE/AT/NL) and portagon next (DE); SFDR Article 8 |
In March 2026 real estate was removed from the target allocation and renewable infrastructure increased. Points to weigh: the lock-up until 2030 followed by six-month notice and quarterly gates, the possible anti-dilution levy, fee layering that brings retail all-in costs to roughly 3% a year, and the early stage of deployment. The recommended holding period is at least ten years.
Deepdive & Related Funds
Allianz Global Infrastructure ELTIF
A Luxembourg ELTIF 2.0 fund combining global private infrastructure equity (50-80%), infrastructure debt (10-30%) and a liquid sleeve (10-30%). The fund is open to retail investors from EUR 10,000, with quarterly dealing after a 36-month lock-up and 12-month notice, targeting 9-12% gross returns. Classified under Article 8 SFDR, with a summary risk indicator of 5.
Amundi Private Markets ELTIF
Amundi Private Markets ELTIF (“Amundi Prima”) is an evergreen Luxembourg ELTIF launched in November 2024 by Europe’s largest asset manager, run by Amundi Alpha Associates. It allocates flexibly across private equity, private debt and infrastructure in Europe’s real economy (energy transition, digital, social and territorial projects). €1,000 minimum, monthly subscriptions, quarterly redemptions capped at 5% of NAV, SFDR Article 8, KID risk 5/7. Fund size and returns are not yet published.
Other Natixis Investment Managers Funds
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Apollo Global Diversified Credit ELTIF
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Apollo Global Private Markets ELTIF
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Ares European Strategic Income Fund (AESIF)
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BlackRock Private Equity Fund (BPE)
The BlackRock Private Equity Fund (BPE) is an evergreen ELTIF managed by BlackRock Private Equity Partners, giving European wealth investors a global private equity portfolio of direct co-investments alongside third-party sponsors plus secondaries, focused on buyout and growth deals. The fund offers monthly subscriptions from EUR 10,000, and quarterly redemptions are limited to 5% of NAV.
Blackstone ECRED
Blackstone European Private Credit Fund (ECRED) is Blackstone’s evergreen European direct-lending vehicle: a Luxembourg SICAV launched in October 2022 that originates floating-rate, first-lien senior secured and unitranche loans to upper-mid-market European companies. €2.5 billion across 243 investments as of February 2026, 8.7% annualized net return since inception (A-A EUR), monthly subscriptions and gated monthly redemptions from €25,000.
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