Please read the following warning carefully before accessing this page.

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Delcap's private markets program is designed for professional clients and/or individuals who possess the knowledge and experience required to comprehend the risks associated with investments in these markets, as well as the ability to endure significant financial losses and maintain a long-term investment horizon.

The information presented on this site is intended solely to demonstrate Delcap's expertise in the private markets sector. It is not intended to:

  • provide a comprehensive overview of alternative investment funds (AIFs);
  • constitute an offer or solicitation to sell units or shares of any of the AIFs mentioned on this site to any person in a jurisdiction where such an offer, solicitation, or distribution would be deemed illegal, or by any unauthorised person, or to any person to whom such an offer or solicitation is prohibited.

Numerous eligibility restrictions and conditions, whether regulatory or statutory, not fully detailed or only briefly mentioned on this site, govern the subscription or acquisition of units or shares of these AIFs, as well as their presentation and distribution by intermediaries (depending primarily on the investor's place of residence), eligibility criteria related to the investor, or the minimum investment amount required by the AIF documentation or Belgian private placement rules.

The risks, fees, commissions, and recommended investment horizons for the AIFs presented are outlined in the prospectus/regulations made available to the investor prior to any subscription.

Investments in private market funds are inherently complex, highly illiquid, and speculative, carrying a significant degree of risk. The value of an investment can fluctuate, and investors may not recover their initial investment. Investors who cannot afford to lose the entirety of their investment should not invest. Past performance, including simulated performance, is not a reliable indicator of future performance. In the case of investments in private markets via feeder funds, investors typically receive illiquid and/or restricted membership interests subject to holding period requirements and/or liquidity concerns. Investors unable to commit to a long-term investment horizon (at least 10 years) should not invest.

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Private Equity Programme

For seasoned investors seeking alternative drivers of risk and return

With over 15 years of experience, Delcap possesses a profound understanding of Private Equity markets and leverages a wide range of industry contacts.

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Today, our vision is offering institutional access to the world’s largest private equity investment firms at minimum commitment amounts of one hundred thousand euros, through our strategic partnerships with Private Equity platforms.

Book a meeting

Access to unique opportunities

Access the world’s leading private market opportunities

Through our strategic partnerships with Private Equity platforms, we secure access to the world’s leading private market opportunities, at lower minimum investment amounts, across a range of sectors, strategies, geographies and investment vintages.

Delcap x Titanbay

Access to best-in-class private market opportunities

Read more about our partnership

The inclusion of third-party logos does not indicate any form of endorsement or affiliation with the mentioned organisations. Nothing on this page should be interpreted as investment advice or as an invitation, recommendation, or offer to buy any investments or securities. Please read important information at the end of this page.

A well-designed programme

Designed for wealth transfer and long-term goals

Your Private Equity portfolio

Within an investment advisory mandate

For experienced investors only.
Diversify your wealth by gaining exposure to alternative investments alongside our team of experts.

Your liquid markets portfolio

Within a portfolio management mandate

Benefit from an effective cash management strategy reflecting the Private Equity portfolio lifecycle.

Private Equity portfolio

Diversify further with private market investments

Private Equity exposure analysis

Investments in Private Equity offer diversification away from listed markets and the potential for compelling risk-adjusted returns. Institutional investors continue to increase allocations to private markets with an average allocation of 18.5%.1

Delcap specialises in identifying the right target exposures across a diverse range of asset classes. As prescribed by the relevant directives, we consider various factors such as risk appetite, liquid capital needs, investment horizon, your financial objectives and sometimes your beneficiaries’ financial objectives.

Portfolio construction targets

Private market funds are long-term investment vehicles that typically take three to five years before they are fully invested and start distributing capital. Depending on your strategy, we usually aim to build a multi-vintage, multi-strategy portfolio alongside a liquid portfolio.
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Each private market fund has its own distinct risk-return profile. We establish the relevant portfolio allocation targets based on your risk profile and factors including strategies (venture, growth, buyout, credit, etc.), geography, industry sectors, styles (growth vs value) and other thematic investment approaches.

Steady state portfolio modelling

A steady state portfolio occurs when investments generate sufficient returns to cover its own operating costs and potentially even generate additional profits.

Achieving a steady state portfolio is particularly appealing when its purpose is linked to long-term goals.

Subscription management

Subscription documents are renowned for being long and complex. The more complex the fund’s investment strategy, structure, and terms, the more detailed the subscription agreement is likely to be.

Delcap takes charge of the subscription process and conducts a thorough review of the subscription agreements’ terms and conditions alongside our partner tax consultants and fund lawyers.

1. McKinsey & Company, Private Markets Rally to New Heights: McKinsey Global Private Markets Review 2022, March 2022.
The information provided is for informational purposes only and does not constitute financial, investment, or legal advice. Institutional investment allocations and portfolio construction targets are based on current market conditions and may not reflect future changes or developments and may vary based on specific financial goals, risk tolerance, and other personal factors. Investing in Private Equity involves significant risks, including illiquidity and long-term capital commitments. Delcap is authorised and regulated as a portfolio management and investment advisory firm. We do not provide tax, legal or financial planning services and strongly recommend that you consult a qualified professional prior to making any investment decisions. Please read important information at the end of this page.

Liquid markets portfolio

Investing with discipline and oversight

Capital call management

Frequent capital calls, typically with a payment deadline of one to two weeks, involve careful monitoring to ensure timely adherence to investment commitments. The larger the portfolio, the greater the monitoring burden.

Delcap streamlines this process for its clients and proactively manages the portfolio to effectively meet sudden drawdown requests. This service is of crucial importance if the portfolio is designed for long-term legacy and wealth transfer goals. Failing to meet a capital call by you or your beneficiaries may result in severe financial penalties and fees, potentially affecting an investor’s reputation within the industry.

Liquid portfolio management

A well-managed liquid portfolio strategy has the potential to generate significant incremental performance on top of the returns generated by the private market assets themselves, whilst also addressing the need for readily available funds for meeting capital calls.

Reporting and analysis

Advanced consolidated reporting for total peace of mind

Consolidated reporting

Delcap offers advanced consolidated reporting when assessing the performance of your programme, encompassing both liquid and private market allocations and attributions.

Illiquid asset allocation

Enjoy a complete overview of your illiquid assets with a breakdown by strategy, geography, vintage, and sector.

Performance metrics

Monitor progress using key metrics such as total commitments, drawn and undrawn amounts, NAV, distributions, DPI, TVPI, and more, both at the consolidated level and for each specific fund.

Annual strategy review

Our signature annual meeting, with a private equity focus

Investment and portfolio analysis

Firstly, we evaluate your existing investments and portfolios, including both Delcap and externally managed assets. We assess each investment taking into account its level of risk, year-to-date performance relative to a benchmark, fees and taxes (including transaction volumes if relevant).

Financial goals and convictions

Next, we discuss your goals for the upcoming year and beyond, exploring your evolving values, beliefs, and risk appetite. We ensure alignment between your investments and objectives and assess their progress towards their designated goals.

Capital projections

Leveraging forward-looking projections and considering your cash flow and lifestyle variables, we forecast your future net worth and assess the probability of achieving your financial goals.

Pricing

Private Exquity Programme
Total assets (EUR)
Cumulative scale
Annual management fee*
< 1 M
0,55%**
1 M - 2,5 M
0,45%
2,5 M - 7,5 M
0,35%
7,5 - 25 M
0,25%
> 25 M
0,15%
*The annual management fee is the only fee charged by Delcap. Other fees will be communicated prior to any transaction.
**Minimum per quarter EUR 1.250

Feeder-fund fees

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Benefit from our institutional feeder-fund rates. Get in touch for more information.

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Interested in learning more about our services?
We'd be delighted to arrange a call at your convenience.

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Important information

Delcap’s Private Equity programme is directed at experienced clients who have sufficient knowledge and experience to understand the risks of investing in private market investments. Investments in private placements and private equity investments via feeder funds in particular, are complex, highly illiquid and speculative in nature and involve a high degree of risk. The value of an investment may go down as well as up, and investors may not get back their money originally invested. Investors who cannot afford to lose their entire investment should not invest. Past performance, including simulated performance, is not a reliable indicator of future performance. For private equity investments via feeder funds, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. Investors who cannot hold an investment for the long term (at least 10 years) should not invest. Delcap does not provide tax advice and does not take responsibility for any negative consequences that may arise from investment decisions or inaccuracies in information provided by us, our advisors, or partners. Delcap is authorised and regulated as a portfolio management and investment advisory firm. We do not provide tax, legal or financial planning services and strongly recommend that you consult a qualified professional prior to making any investment decisions.