NovantigoEvergreen Funds & ELTIF Database

Non-ELTIF · Private Equity · Domiciled in France

BNP Avenir Entrepeneurs

Managed by BNP Paribas Asset Management, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.

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About this fund

BNP Avenir Entrepeneurs is an open-ended private equity vehicle managed by BNP Paribas Asset Management and domiciled in France, where it is constituted as an FCP operating under the FCPR regime. Launched in 2021 and denominated in EUR, it follows a multi-strategy approach within private equity and is classified as Non-ELTIF, with N/A applicable on the ELTIF framework; distribution is accordingly domestic rather than cross-border, and the fund is open to both professional and retail-eligible subscribers meeting the entry threshold of 75,000 EUR. Portfolio assets currently stand at , having followed a path described by over the periods covered here.

Liquidity mechanics are built around a bi-monthly dealing cycle: subscriptions and redemptions are both accepted on a bi-monthly basis, priced off a bi-monthly net asset value, so entry and exit windows align with the valuation calendar rather than with underlying asset realisations. Exposure by region is set out in . The fund is categorised as Article 8 under SFDR and carries a summary risk indicator of 3.

Within the research universe of 494 vehicles as of 31 Aug 2026, the fund is one of 163 in private equity, one of 80 domiciled in France, and one of 32 that combine both characteristics, which is the comparison set most relevant when assessing its dealing frequency, minimum subscription and risk classification against peers.

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AuM history

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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
BNP Paribas Asset Management
Fund type
Non-ELTIF
ISIN
FR0013473543
Legal structure
FCP
Regulatory regime
FCPR
ELTIF version
N/A
Fund structure
Open-End
Inception
30 Apr 2021
Base currency
EUR

Strategy

Asset class
Private Equity
Strategy
Multi-Strategy
Geographic focus
Europe

Liquidity

Subscription frequency
Bi-monthly
Redemption frequency
Bi-monthly
NAV frequency
Bi-Monthly

Access & distribution

Investor type
Both
Distribution scope
Domestic
Distribution countries
France
Minimum investment
75,000 EUR
SFDR
Article 8
Risk indicator (SRI)
3 of 7
›Frequently asked questions
Who manages BNP Avenir Entrepeneurs?
BNP Avenir Entrepeneurs is managed by BNP Paribas Asset Management, headquartered in France.
What is the minimum investment for BNP Avenir Entrepeneurs?
The minimum investment is 75,000 EUR. The binding terms are in the fund documents.
How often can investors redeem?
Redemptions are bi-monthly.
What is an evergreen fund?
An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.

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

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