Private Equity (Lux) Evergreen Secondary Fund
Managed by UBS Asset Management
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Private Equity (Lux) Evergreen Secondary Fund
Key Statistics
Fund Size
€200M
Target Return
25.3%
Annualized Return
N/A
Launch Year
2022
Min. Investment
€50,000
Availability
Open through selected distributors
Structure
SICAV
Product Category
Open-end
Domicile
Luxembourg
GP Type
Multi
Liquidity Level
Semi-liquid
Management Fee
2%
Carry
10% of monthly portfolio return, subject to preferred return, loss carry-forward and catch-up
Catch-Up Mechanism
Catch-up (rate not disclosed in KID)
ISIN
LU2459535261
Currencies
EUR, USD, CHF
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
4 out of 7
Annual Returns (KID Scenarios)
Stressed
-12.1%
Moderate
20.6%
Favorable
25.3%
Average Total Cost Level (KID)
5.3%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Portfolio Composition
Performance Summary
| Share Class | Ticker | NAV | 1 Year | MTD |
|---|---|---|---|---|
| EUR P-acc (LU2459535261) | — | 121.78 | 4.10% | — |
| UBS Private Equity Evergreen Secondary Fund (AUD feeder, APIR UBS5294AU) | — | — | 1.04% | 2.54% |
Information about fund
UBS Evergreen Secondary Fund at a Glance
The Private Equity (Lux) Evergreen Secondary Fund is UBS Asset Management’s evergreen private equity vehicle: a Luxembourg Part II SICAV launched in September 2022 and managed by the Multi-Managers Private Equity team. It builds a globally diversified portfolio primarily through secondary-market acquisitions, complemented by select primaries and co-investments, with a value-oriented tilt to sectors with long-term secular tailwinds such as healthcare and parts of IT.
Key Figures (mid-2026)
Fund Volume
€200M
As of 30 June 2026 (secondary source)
Portfolio
1.2x / 16.3%
Gross MOIC / IRR in EUR (31 March 2026)
Strategy Mix
62 / 17 / 7
Buyout / growth / venture (%)
Management Fee
2.00%
EUR P-acc; look-through ongoing costs 3.9%/yr
Minimum
€50,000
EUR P-acc, ISIN LU2459535261
Risk Indicator
4 / 7
5-year recommended holding period
Terms & Liquidity
| Subscriptions | Continuous (the Australian feeder issues monthly) |
| Redemptions | Last calendar day of each quarter, subject to prospectus provisions (notice and limits may apply) |
| Performance Fee | 10% of monthly portfolio return, with preferred return, loss carry-forward and catch-up |
| Entry/Exit Fees | None charged by the manufacturer |
| Manufacturer | UBS Asset Management (Europe) S.A., CSSF-supervised; depositary UBS Europe SE, Luxembourg Branch |
| Eligibility | Retail with advanced financial knowledge, subject to a suitability test |
The KID cost figures show total look-through costs of 3.9% per year with a five-year annual cost impact of 5.3% — investors are paying for institutional secondary-market access and should weigh that against the 20.6% moderate KID scenario. Underlying private equity assets are relatively illiquid, realisations may not occur in a timely manner, and losses are not covered by any investor compensation scheme.
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