Pictet Private Assets SICAV - (subfund) Pictet Real Estate Capital Elevation Core Plus ELTIF

Pictet Private Assets SICAV - (subfund) Pictet Real Estate Capital Elevation Core Plus ELTIF is a closed-end real estate vehicle managed by Pictet Asset Management (Europe) S.A. and domiciled in Luxembourg, where it is structured as a SICAV sub-fund operating under the UCI Part II regime and labelled as an ELTIF under the ELTIF 1.0 framework. The sub-fund has been in operation since 2022 and is denominated in EUR. It pursues a core / core plus approach within real estate, and is registered for pan-European distribution to both professional and retail investors, with an SRI of 6 disclosed under the applicable packaged-product rules and an SFDR classification of Article 8.

Because the vehicle is closed-end, capital is committed for the term rather than dealt on a continuous basis, and investors rely on the manager's distribution and realisation schedule rather than ongoing redemptions for liquidity. Valuation is struck on a quarterly basis, which sets the reference point for reporting and for any transfers or secondary arrangements. The fee architecture combines a management fee of with a performance fee of , so the total cost borne by investors depends on realised returns as well as on committed and invested capital. Reported assets stand at , and underlying exposure is spread across markets as shown by .

Within the data set as of 31 Aug 2026, the sub-fund is one of 44 real estate vehicles and one of 347 funds domiciled in Luxembourg out of 494 covered in total; narrowing to both criteria, it sits among 31 comparable vehicles, which is the cohort against which its fee terms, scale and geographic mix are benchmarked on this page.