TPM Privium Private Debt Portfolio

TPM Privium Private Debt Portfolio is an open-ended private debt vehicle managed by Privium Fund management and domiciled in Netherlands, where it is structured as a Dutch fund for joint account and operates as a Non-ELTIF vehicle under the AIF regime. Launched in 2023, it pursues a direct lending approach for professional investors in EUR, with a minimum commitment of 250,000 EUR and pan-European distribution. Reported assets stand at , with recent movement described by .

Liquidity works on a quarterly cycle: subscriptions are accepted quarterly and redemptions are processed quarterly, subject to a notice period of 35 days, with pricing struck on a quarterly net asset value. Because the underlying loan exposures are illiquid and repayment-driven, the evergreen structure allows continued deployment rather than a fixed drawdown and harvest timetable, while the notice requirement and periodic dealing windows govern the pace at which capital can be returned. The summary risk indicator is 6, and the all-in charge borne by investors is captured by , which can be read against the cost levels of the wider peer set.

Within the Novantigo universe of 494 vehicles as at 31 Aug 2026, this is one of 148 private debt funds, one of 2 funds domiciled in Netherlands, and one of 1 combining both characteristics, which makes the domestic comparison set narrow and pushes benchmarking toward the broader private debt cohort. Portfolio composition by region is set out in , providing the basis for comparison with other direct lending strategies in the same cohort.