Growth through compounding.
Returns are immediately reinvested back into the fund, potentially leading to greater compounded growth.
Put capital to work instantly.
The full investment amount is called upfront and deployed right away at the fund's current value.
Easier to manage.
With commitments paid upfront, there’s no need to track multiple capital calls and distribution notices over the fund lifecycle.
¹ Liquidity is not guaranteed.
Private equity-like returns.
But with more liquidity potential.
But with more liquidity potential.
While private markets may offer greater returns, the lack of liquidity access has kept many investors away.
However, semi-liquid funds may help overcome this barrier by offering periodic access to some of the investor's capital, while still providing exposure to private assets and long-term compounding growth opportunities.
Investors can typically request redemptions once per quarter², though withdrawals may be fulfilled on a pro rata basis if demand exceeds available liquidity.
However, semi-liquid funds may help overcome this barrier by offering periodic access to some of the investor's capital, while still providing exposure to private assets and long-term compounding growth opportunities.
Investors can typically request redemptions once per quarter², though withdrawals may be fulfilled on a pro rata basis if demand exceeds available liquidity.
Comparison of cash flow profiles
² Redemptions are not guaranteed and are subject to an initial lock-up period.
Source: Goldman Sachs Asset Management
Stay invested for compounding returns.
Distributions in semi-liquid funds are typically recycled back into new opportunities.
This way, investors can stay fully invested, without losing valuable time in the market deciding how to redeploy profits.
Compounding works best over the long term, turning steady investing into outperformance.
Why semi-liquid funds are on the rise.
Semi-liquid funds have been gaining serious momentum in recent years. Learn what’s fuelling their growth, along with the benefits and limitations of these vehicles.
Choose where you
invest carefully.
invest carefully.
Success in semi-liquids depends on the manager’s ability to access a steady flow of high-quality assets. These opportunities enable returns to be reinvested at higher rates, accelerating compounding over time.
But not every private equity manager can deliver. Only those with exceptional sourcing capabilities and broad access to diverse investments truly stand out.
Moonfare's robust pipeline allows us to focus exclusively on attractive opportunities, aiming to deliver consistency and quality in every deal.
But not every private equity manager can deliver. Only those with exceptional sourcing capabilities and broad access to diverse investments truly stand out.
Moonfare's robust pipeline allows us to focus exclusively on attractive opportunities, aiming to deliver consistency and quality in every deal.
Moonfare's rigorous selection process.
Aiming to identify top-quality investment opportunities from across the market.
Market coverage*
Over 5,550 opportunities reviewed to date, accessed via our privileged relationships with GPs and deal teams worldwide.
5,550+
Selection
Only 38% have met our Investment Team's stringent track-record criteria and selected for further review.
2,099
Screening
Approximately 11% advance to our initial due diligence analysis, where we investigate whether returns are clearly linked to investment strategy.
611
Due diligence
With our direct access to GPs and their proprietary data, we conduct deeper due diligence over several weeks or months for Investment Committee review.
330
Final decision
Only 2.9% of all opportunities have achieved our Investment Committee's institutional-grade standards and earned a place on our platform.
162
Moonfare also evaluates each investment opportunity against a defined set of ESG criteria.
* As of Feb, 2025. Includes funds and co-investments. # of funds
* As of Feb, 2025. Includes funds and co-investments. # of funds
Moonfare's unique approach to secondaries.
Our open-ended, semi-liquid secondary strategy is designed for flexibility, enabling select assets to be held longer while still offering periodic liquidity (subject to restrictions)³.
As more mature assets, private equity secondaries can also help reduce J-curve risk and potentially offer faster, more predictable distributions for investors in semi-liquid vehicles.
As more mature assets, private equity secondaries can also help reduce J-curve risk and potentially offer faster, more predictable distributions for investors in semi-liquid vehicles.
Meet the people behind the scenes
Combined years PE experience
0+Return on capital
0xTransactions
€0bn+
About Moonfare
Moonfare aims to lead a new era of private equity investing by creating the opportunity for higher returns for more people. We are building the world's most engaged investor community to inspire investments that drive the world forward.
Important information
Moonfare does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Alternative investments in private placements, and private equity investments via feeder funds in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Prospective investors should carefully consider the risk warnings and disclosures for the respective fund or investment vehicle set out therein. The value of an investment may go down as well as up and investors may not get back their money originally invested. Past performance is not necessarily a guide to future performance. An investment in a fund or investment vehicle is not the same as a deposit with a banking institution. Please refer to the respective fund documentation for details about potential risks, charges and expenses. Additionally, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for private equity investing, private equity should only be part of your overall investment portfolio. Further, the private equity portion of your portfolio may include a balanced portfolio of different private equity funds. Investments in private equity are highly illiquid and those investors who cannot hold an investment for the long term (at least 10 years) should not invest.
In the United States, securities products and services are offered through Moonfare Securities USA, LLC (“Moonfare Securities”). Moonfare Securities is a registered broker-dealer (brokercheck.finra.org) with the United States Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, Inc. (www.finra.org) and the Securities Investor Protection Corporation (www.sipc.org).
- 1 Minimum investment may vary by country and local regulation.
- 2 Source: McKinsey "Private Markets Annual Review 2022"
- 3 Past performance is no guarantee of future returns.