Open for monthly subscriptions, with quarterly redemptions subject to the terms of the prospectus, the fund’s strategy draws primarily on CVC Capital Partners’ expertise.
PARIS, FRANCE — 14 September 2026 — AirFund has launched AirFund Conviction Value Capital, a new evergreen private equity fund providing eligible private investors with exposure to a selection of strategies from CVC Capital Partners.
The fund is managed by Fundcraft France, our AMF-authorised portfolio management company acting as AIFM, with AirFund advising the fund on allocation. Distribution is being provided initially and exclusively by Rhétorès Finance, before the fund is opened to a broader distribution network in the coming months.
The structure reflects a broader shift we are seeing across European private markets towards evergreen and open-ended investment products. Unlike a traditional closed-end private equity fund, AirFund Conviction Value Capital is open for monthly subscriptions, with quarterly redemptions available under the conditions set out in the prospectus. Its portfolio combines primary and secondary investments, supporting faster deployment and helping mitigate the traditional J-curve.
The distribution model is equally important. Rhétorès Finance is providing initial access to the fund for its private wealth clients, creating a direct link between product structuring, regulated fund management, distribution and the underlying operational infrastructure.
For fund operations, these structures introduce a very different rhythm. Recurring subscriptions and redemptions, continuous investor activity, NAV and accounting processes, transfer agency and ongoing reporting need to work together rather than around a quarterly or annual cycle. This is an area fundcraft has been building towards for some time. Our operating model brings investor operations, fund accounting, NAV processes, payments, compliance and reporting onto the same platform, with data captured once and reused across subsequent workflows. The objective is to make operations continuous rather than quarterly-only, particularly as evergreen and semi-liquid structures become a larger part of European private markets.
We are delighted to work with AirFund and Rhétorès Finance on this launch, and to continue developing the operational capabilities required for the next generation of evergreen and open-ended private market funds in France.
Full press release is here.
Disclaimer: Promotional communication. AirFund Conviction Value Capital is a French Fonds Professionnel Spécialisé (FPS) governed by Articles L.214-154 et seq. of the French Monetary and Financial Code. It is not subject to AMF approval and is reserved for eligible investors referred to in Article 423-27 of the AMF General Regulation. Investment involves risks, including loss of capital and liquidity risk. Investors should review the prospectus and Key Information Document before subscribing. Redemptions are available quarterly, subject to the conditions and limits set out in the prospectus. This communication relates solely to AirFund Conviction Value Capital and does not constitute an offer or marketing of CVC Private Equity Strategies Funds S.A. SICAV, any of its compartments, or any other CVC Capital Partners fund.