Private Debt NXT
Steady income with Private Debt
A professionally managed European private-debt portfolio for private investors – reliable income, institutional quality and simple digital access from 20,000 euros. Until August 2026: 50 % lower fees.
9,0 % p. a.
Average return of private debt since 2010 ¹
80 %
Lower max. drawdown than equities since 2010 ¹
7,0 % p. a.
Annualised distribution yield of Private Debt NXT ²
1 Sources: Preqin Private Debt Index, MSCI World TR USD (Bloomberg); period: 31.12.2010 to 31.12.2025. | 2 The annualised distribution yield is based on the latest available distribution yield, annualised and then divided by the net asset value of the preceding month. Past performance is not a reliable indicator of future performance. Capital investments involve risks.
Significantly more resilient than equities
Maximum drawdown since 2010, indexed: while equities fell sharply in crisis phases, private debt remained far more stable.
Equities (MSCI World TR USD)
100
Private Debt (Preqin Private Debt Index)
20
Maximum drawdown, indexed to equities = 100. Sources: Preqin Private Debt Index, MSCI World TR USD (Bloomberg); period: 31.12.2010 to 31.12.2025. Historical performance is not a reliable indicator of future performance. Capital investments involve risks.
Why professionals allocate to Private Debt
Grow with the European mid-market
Private-debt funds extend purpose-specific loans to stable mid-market companies across Europe – for example for acquisitions, expansion or product development.
Steady income through interest
Private Debt generates returns through interest and regular repayments – not through market movements. First-ranking collateral and clear protective covenants ensure that private-debt investors are served first in a stress scenario.
Stability for the portfolio
In weaker market phases, private debt has fallen significantly less than equities and has recovered more quickly. In this way, private debt can stabilise an equity and bond portfolio.
In uncertain times, private debt is considered particularly robust because it is repaid first
Private Debt for private investors
Simple entry, from 20,000 euros
NXT gives private investors access to private debt from 20,000 euros – fully digital, without paperwork and, if desired, with an automatic savings plan.
Institutional quality, no compromises
Via our partner Ares, one of the world’s leading private-debt managers, you invest in the same loans on the same terms as institutional investors. No retail tranches.
Transparent and fair
NXT offers a professionally curated private-debt portfolio – on transparent, fair terms. A performance fee is charged only after investors have received a return of 5 % p. a. Liquidity windows are available on a regular basis. ³
Rigorous selection, broadly diversified
Ares reviews more than 1,500 lending opportunities each year and selects fewer than 5% of them – with full control over structure and execution. Your portfolio is diversified from the outset across countries, sectors and borrowers – without concentration risks.
Together with the best in the industry
Our partner Ares is one of the largest private-debt managers worldwide. Together with ZUWAX, Ares is opening its institutional credit strategies to private investors for the first time. You invest side by side with professional investors in selected, first-lien loans to stable mid-market companies across Europe.
1997
Founded
>500
Private-debt specialists
>370 billion
US$ in private-debt assets
Source: Ares Management
Private Debt NXT at a glance
- Focus
- Returns
- Target return after costs ⁴
- 7–9 % p. a.
- Of which distributions ⁴
- 5–7 % p. a.
- Target portfolio
- 80–100 loans
- Risk ⁵
- ●●●○○○○
- Liquidity window ⁶
- Monthly
- Investment horizon
- From 4 years
4 Target return and target distributions are not guaranteed. Your return and distributions depend on future market developments. | 5 Private Debt NXT is classified in SRI risk class 3 of 7, corresponding to a medium risk class. | 6 Whether and how quickly units can be sold depends on demand. Redemptions are subject to restrictions. Private Debt NXT may not be suitable if you cannot enter into a long-term and illiquid commitment. More on the opportunities and risks can be found in the product information and the sub-fund prospectus. Private Debt NXT already has a fully invested portfolio.
What Private Debt NXT enables in the mid-market
Acquisitions
Financing of acquisitions to strengthen market position
Growth & expansion
Financing of capacity expansion and expansion into new markets
Research & development
Financing of innovations and product development
Until August 2026
50 % cheaper until August 2026
Secure exclusive terms now – and reduce the management fee until August 2026 to only 0,90 % p. a.
Until August 2026, thereafter 1,90 % p. a. Further information can be found in the product information.
Is Private Debt NXT right for you?
Find out in a few clicks whether Private Debt NXT fits your goals – or obtain personal advice.
Exclusive guide
Learn what distinguishes Private Debt, what the opportunities and risks look like, and what the advantages in a portfolio can be.
Further NXT portfolios
Private Markets extend your portfolio into the investment universe beyond the stock exchange – offering attractive return opportunities, additional diversification and active value creation.
Frequently asked questions
Private Debt NXT is intended for return-oriented investors with a long-term investment horizon who can forgo access to their investment for a defined period and who are able to assess the risks of a semi-liquid investment.
Because selling units in Private Debt NXT is possible only with restrictions, Private Debt NXT may not be suitable for investors who cannot enter into a long-term, illiquid commitment.
Before your investment we carry out the legally required suitability assessment and summarise the result for you in a suitability statement.
Ready for the next step?
3 Whether and how quickly units can be sold depends on demand. Redemptions are subject to restrictions. Private Debt NXT may not be suitable if you cannot enter into a long-term and illiquid commitment. Private Debt NXT already has a fully invested portfolio. Please refer to the product information.
Capital investments involve risks. Please note our risk disclosures. The value of your investment may fall as well as rise. It is possible that you may suffer a loss of your invested capital. Historical performance, simulations or forecasts are not a reliable indicator of future performance. Please note the product information and the sub-fund prospectus.