AirFund launches evergreen private equity fund built on CVC strategies
What's the deal? AirFundDealroom has a profile for this one. Try Dealroom → has launched AirFund Conviction Value CapitalDealroom has a profile for this one. Try Dealroom →, an evergreen, open-ended private equity fund giving eligible private investors exposure to a selection of CVC Capital PartnersDealroom has a profile for this one. Try Dealroom → strategies. The Paris-based fund opened in September 2026 with support from fundcraft.
How it works: The fund is managed by Fundcraft FranceDealroom has a profile for this one. Try Dealroom →, its AMF-authorised portfolio management company acting as AIFM, with AirFund advising on allocation. Distribution is initially and exclusively handled by Rhétorès FinanceDealroom has a profile for this one. Try Dealroom →, before a broader network opens in the coming months.
Why it's different: Unlike a traditional closed-end fund, the vehicle is open for monthly subscriptions, with quarterly redemptions subject to the prospectus. Its portfolio combines primary and secondary investments to speed deployment and mitigate the J-curve.
What's the endgame? Evergreen structures demand a continuous operational rhythm — recurring subscriptions and redemptions, ongoing NAV, accounting, transfer agency, and reporting. fundcraft's operating model brings investor operations, fund accounting, NAV, payments, compliance, and reporting onto one platform, with data captured once and reused across workflows.
The signal: The launch reflects a wider shift across European private markets toward evergreen and semi-liquid products aimed at private wealth clients. As these structures grow, the operational infrastructure behind them becomes as important as the strategy.
Image credit: buggolo
