Private Equity NXT
Growth with Private Equity
A professionally managed private-equity portfolio for private investors – active value creation, institutional quality and simple digital access from 20,000 euros.
14,1 % p. a.
Average return of private equity since 2010 ¹
> 20 %
Average private equity allocation of family offices ²
> €290 million
Invested by ZUWAX clients in Private Equity NXT
1 Sources: Preqin Buyout Index, MSCI World TR USD (Bloomberg); period: 31.12.2010 to 31.12.2025. | 2 UBS Global Family Office Report 2025. Past performance is not an indicator of future performance. Capital investments involve risks.
Private Equity outperforms equities over the long term
Average annual return since 2010 – private equity compared with the global equity market.
Private Equity (Preqin Buyout Index)
14,1 %
Equities (MSCI World TR USD)
10,0 %
Sources: Preqin Buyout Index, MSCI World TR USD (Bloomberg); period: 31.12.2010 to 31.12.2025; equity figure rounded. Past performance is not an indicator of future performance. Investments involve risks.
Why professionals allocate to Private Equity
Value creation beyond the stock exchange
Around 80 % of all companies are not listed. Private-equity funds identify strong mid-market companies, develop them strategically and realise value through IPOs or sales.
Returns that convince
Private Equity has outperformed equities in 8 of the past 15 years and has therefore been a core holding of sophisticated institutional portfolios for decades. ¹
Stability for the portfolio
In weaker market phases, private equity has fallen significantly less than equities and has recovered more quickly – an important stability factor for diversified portfolios.
ZUWAX is a pioneer in Private Equity
Private Equity for private investors
Simple entry, from 20,000 euros
NXT gives private investors access to private equity from 20,000 euros – fully digital, without paperwork and, if desired, with an automatic savings plan.
Institutional quality, no compromises
Via our partner Neuberger Berman, one of the world’s leading private-equity investors, you invest in the same funds and on the same terms as institutional investors. No retail tranches.
Transparent and fair
NXT offers a professional private-equity portfolio – on transparent, fair terms. A performance fee is charged only after investors have received a return of 8 % p. a. Liquidity windows are available on a regular basis. ³
Broadly spread, professionally optimised
Your portfolio is selected across regions, strategies and industries to combine return potential and risk in a balanced way. The result is a diversified, actively managed private-equity portfolio.
Together with the best in the industry
Our partner Neuberger Berman is one of the largest private-equity investors worldwide. Together with ZUWAX, it is opening its successful co-investment strategy to private investors for the first time. You invest side by side with renowned private-equity funds directly in Hidden Champions worldwide.
1939
Founded
>140 billion
US$ in private-equity assets
14 % p. a.
Annual net return after costs ⁴
Source: Neuberger Berman | 4 Net IRR since inception of Neuberger Berman’s private-equity co-investment programme as of January 2025. The costs applied reflect the cost structure of Private Equity NXT. Past performance is not an indicator of future performance.
Private Equity NXT at a glance
- Focus
- Growth
- Target return after costs ⁵
- 10–12 % p. a.
- Of which distributions
- None
- Target portfolio
- ~ 100 companies
- Risk ⁶
- ●●●●○○○
- Liquidity window ⁷
- Quarterly
- Investment horizon
- From 5 years
- Management fee
- 2,00 % p. a.
5 Target return is not guaranteed. Your return depends on future market developments. | 6 Private Equity NXT is classified in SRI risk class 4 of 7, corresponding to a medium risk class. | 7 Whether and how quickly units can be sold depends on demand. Redemptions are subject to restrictions. Private Equity 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.
Highlights from the Private Equity NXT portfolio
Motel One
Motel One operates design hotels in the budget segment
Bending Spoons
Bending Spoons operates mobile apps such as komoot, Meetup and Evernote
Action
Action is Europe’s fastest-growing non-food discounter
Is Private Equity NXT right for you?
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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 Equity 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 Equity NXT is possible only with restrictions, Private Equity 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 Equity NXT may not be suitable if you cannot enter into a long-term and illiquid commitment. 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.