Evergreen Funds & ELTIF DatabaseELTIF · Private Debt · Domiciled in Luxembourg
Schroders Capital Semi-Liquid - High Income Credit
Managed by Schroder Investment Management, UK. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Schroders Capital Semi-Liquid - High Income Credit is an open-ended evergreen vehicle managed by Schroder Investment Management, domiciled in Luxembourg and structured as a SICAV authorised under the UCI Part II regime and registered as an ELTIF under the ELTIF 2.0 framework. Launched in 2025 with EUR as its base currency, it invests in private debt through a direct lending approach, lending directly to borrowers rather than acquiring exposure in the secondary syndicated market. The ELTIF 2.0 wrapper allows pan-European distribution to both professional and retail investors, and the entry point is set at 10,000 EUR, placing the fund among the semi-liquid structures designed to be accessed through wealth and advisory channels as well as institutional mandates.
Dealing mechanics follow the semi-liquid template: the portfolio is priced at a daily NAV, subscriptions are accepted on a daily basis, and redemptions are processed monthly subject to a notice period of 30 and to initial holding periods that apply after subscription. The asymmetry between daily inflows and periodic, notice-bound outflows is the central liquidity feature to assess, since the underlying direct loans are held to maturity or refinancing rather than traded. Cost terms comprise in management fees together with , with the all-in available for comparison against peers in the same segment; reported assets stand at , relevant context for a vehicle that relies on continued subscriptions to fund new loan origination and redemption demand.
The fund is classified Article 6 under SFDR, with no sustainability objective or promotion of environmental or social characteristics disclosed, and carries a summary risk indicator of 2. Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, it is one of 148 funds covering private debt, one of 347 domiciled in Luxembourg, and one of 108 that combine both, so its dealing terms, fee load and risk classification can be read directly against a sizeable group of comparable structures.
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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
- Schroder Investment Management
- Fund type
- ELTIF
- ISIN
- LU3195120475
- Legal structure
- SICAV
- Regulatory regime
- UCI Part II
- ELTIF version
- ELTIF 2.0
- Fund structure
- Open-End
- Inception
- 06 Oct 2025
- Base currency
- EUR
Strategy
- Asset class
- Private Debt
- Strategy
- Direct Lending
- Geographic focus
- Global
Liquidity
- Subscription frequency
- Daily
- Redemption frequency
- Monthly
- Notice period
- 30 days
- Hard lock-up
- 12 months
- Soft lock-up
- 36 months
- NAV frequency
- Daily
Access & distribution
- Investor type
- Both
- Distribution scope
- Pan-European
- Distribution countries
- Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Malta, Netherlands, Norway, Poland, Portugal, Spain, Sweden
- Minimum investment
- 10,000 EUR
- SFDR
- Article 6
- Risk indicator (SRI)
- 2 of 7
›Frequently asked questions
- Who manages Schroders Capital Semi-Liquid - High Income Credit?
- Schroders Capital Semi-Liquid - High Income Credit is managed by Schroder Investment Management, headquartered in UK.
- What is the minimum investment for Schroders Capital Semi-Liquid - High Income Credit?
- The minimum investment is 10,000 EUR. The binding terms are in the fund documents.
- How often can investors redeem?
- Redemptions are monthly, with a notice period of 30 days and a hard lock-up of 12 months.
- 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 2.0).
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.