GAM LSA Private Shares (Lux)

GAM LSA Private Shares (Lux) is an open-ended SICAV launched by GAM in 2025 and domiciled in Luxembourg, where it is authorised under the UCI Part II regime rather than as an ELTIF, which is reflected in its classification as a Non-ELTIF vehicle. The portfolio pursues a venture approach within private equity, is denominated in USD, and is marketed to professional investors on a pan-European basis. It is classified as Article 6 under SFDR, so sustainability characteristics are not part of its stated investment objective, and it carries a summary risk indicator of 3.

The dealing mechanics pair a daily subscription cycle with a quarterly redemption window, subject to a notice period of 25 days, so capital can be committed continuously while exits are channelled through scheduled liquidity points that give the manager time to arrange funding against an illiquid underlying book. The entry threshold of 10,000 USD sets the access point for eligible investors, and the ongoing cost of the structure is set by a management fee of , which can be read against the fee range of the broader peer set on this page.

Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, the fund sits among 163 private equity strategies, 347 funds domiciled in Luxembourg, and 117 that combine both. Against that group, its reported size of and an asset trajectory of place a recently launched evergreen vehicle in the earlier part of its ramp relative to longer-established peers using comparable semi-liquid structures.