GEMS SICAV RAIF - Private Markets Evergreen

GEMS SICAV RAIF - Private Markets Evergreen is an open-ended SICAV managed by NS Partners Europe SA and domiciled in Luxembourg, where it operates under the RAIF regime rather than as an ELTIF, with N/A recorded for its ELTIF version. Launched in 2025 and denominated in USD, it pursues a multi asset approach and sits within the multi-asset segment, one of 62 such vehicles tracked across a universe of 494 funds, and one of 33 combining that asset class with a Luxembourg domicile among 347 Luxembourg-based funds covered as of 31 Aug 2026.

Dealing mechanics follow the semi-liquid evergreen template: capital is taken in at monthly intervals against a monthly net asset value, while exits are processed at quarterly dealing dates and require advance notice of 65, which sets the practical gap between a redemption decision and settlement. The entry threshold of 100,000 USD positions the vehicle for both professional and eligible non-professional investors on a pan-European distribution basis, and the fund is classified Article 6 under SFDR, so no sustainability-related investment objective or promotion is claimed.

Cost terms consist of a management fee of and a performance fee of , both of which can be set against the corresponding figures for the 62 multi-asset peers and the broader Luxembourg cohort. Current assets of and the underlying indicate the scale and regional allocation reached since inception and are likewise benchmarked against the same peer groups.