NovantigoEvergreen Funds & ELTIF Database

ELTIF · Private Equity · Domiciled in Luxembourg

Blackrock Alternative Funds S.C.A. SICAV-RAIF - (subfund) Blackrock Future Generations Private Equity Opportunities ELTIF

Managed by BlackRock, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.

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About this fund

Blackrock Alternative Funds S.C.A. SICAV-RAIF - (subfund) Blackrock Future Generations Private Equity Opportunities ELTIF is a buyout-focused private equity vehicle managed by BlackRock and domiciled in Luxembourg. It was launched in 2023 as a sub-fund of a SICAV operating under the RAIF regime and authorised as an ELTIF under ELTIF 1.0, a framework that supports pan-European distribution to professional investors. The base currency is EUR, and access is set at a minimum commitment of 125,000 EUR, placing the vehicle in the professional-investor segment rather than the retail ELTIF cohort.

The fund is closed-ended, so capital is locked for the life of the vehicle and investors are repaid through realisations of underlying holdings rather than through a dealing window; no redemption facility or notice mechanism is disclosed. Valuation is struck on a quarterly basis, which sets the reporting cadence for performance and exposure monitoring. The fund is classified Article 8 under SFDR and carries a summary risk indicator of 6, consistent with the equity-like drawdown and illiquidity profile of buyout exposure. Portfolio exposure by region is reported as , and reported assets stand at .

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, it is one of 163 private equity funds, one of 347 domiciled in Luxembourg, and one of 117 that combine both. Against that peer set, the management fee of and the performance fee of can be compared on a like-for-like basis with other buyout strategies in the same domicile.

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Fees & costs

  • Entry fee
  • Redemption fee
  • Management fee (retail, low)
  • Management fee (retail, high)
  • Management fee (institutional, low)
  • Management fee (institutional, high)
  • Early-investor fee
  • Fee basis
  • Operating expenses
  • Distribution fee
  • Total cost ratio
  • Performance fee
  • Hurdle rate
  • High-water mark

Portfolio construction

  • Fund-of-funds share
  • Primaries share
  • Secondaries share
  • Directs share
  • Co-investments share
  • Liquidity pocket
  • Europe allocation
  • North America allocation
  • Asia-Pacific allocation
  • Latin America allocation
  • Rest-of-world allocation

Terms & scale

  • Latest AuM
  • Target size
  • Target IRR
  • Life span
  • Redemption gate
  • Lock-up penalty
  • Leverage limit
  • Leverage (AIFMD)
  • Share classes
  • Master-feeder setup

Key facts

Structure

Manager
BlackRock
Fund type
ELTIF
ISIN
LU2489682497
Legal structure
SICAV
Regulatory regime
RAIF
ELTIF version
ELTIF 1.0
Fund structure
Closed-End
Inception
07 Jul 2023
Base currency
EUR

Strategy

Asset class
Private Equity
Strategy
Buyout
Geographic focus
Europe

Liquidity

NAV frequency
Quarterly

Access & distribution

Investor type
Professional
Distribution scope
Pan-European
Distribution countries
Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Spain, Sweden
Minimum investment
125,000 EUR
SFDR
Article 8
Risk indicator (SRI)
6 of 7
›Frequently asked questions
Who manages Blackrock Alternative Funds S.C.A. SICAV-RAIF - (subfund) Blackrock Future Generations Private Equity Opportunities ELTIF?
Blackrock Alternative Funds S.C.A. SICAV-RAIF - (subfund) Blackrock Future Generations Private Equity Opportunities ELTIF is managed by BlackRock, headquartered in US.
What is the minimum investment for Blackrock Alternative Funds S.C.A. SICAV-RAIF - (subfund) Blackrock Future Generations Private Equity Opportunities ELTIF?
The minimum investment is 125,000 EUR. The binding terms are in the fund documents.
What is an ELTIF?
A European Long-Term Investment Fund is an EU vehicle that lets non-institutional investors access private market assets under the ELTIF regulation (this fund operates under ELTIF 1.0).

Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 30 Sep 2026.

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