Your capital works. Your miles grow with it.
Earn Miles & More miles when you invest in handpicked Private Markets funds through NAO, including funds from UBS, Partners Group and Hamilton Lane.
Subject to Terms and Conditions.
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Miles for getting started and for every additional investment
New NAO investors can earn 2,500 Miles & More miles when they get started. New and existing customers can also earn 1,000 miles for every €5,000 in newly invested capital.
We accept 1 in 8 funds
Our Investment Team reviews every fund before it is added to the NAO app.
Funds from established asset managers
In the NAO app, you will find Private Markets funds from UBS, Partners Group, Hamilton Lane and other asset managers.
Enter the code MILES2026 when You register and, as a new NAO customer, receive 2,500 Miles & More miles once You make Your first investment of at least €1,000 in a participating product.
Your new investments in participating products are also added together. For every €5,000 in invested capital, You receive another 1,000 miles. This also applies if You already invest with NAO and now add Your Miles & More service card number.
Private Markets take time. Capital is often tied up for several years. Liquidity may be limited, and losses up to the total loss of the invested capital are possible.
2,500
Miles for getting started with NAO
1,000
Miles for every €5,000
Miles for getting started with NAO
All Private Markets funds and hedge fund strategies available through NAO count. Money market products, fees and cancelled orders do not count. The 2,500 miles from the welcome bonus are expected to be credited in October 2026, after the promotional period has ended. Miles earned through ongoing investments are generally credited a few weeks after the order has been executed. Here you can find the Terms and Conditions.
Three steps to Your miles
You decide which fund suits your portfolio after reviewing the product documents.
1
Register
Download the NAO app, enter the code MILES2026 and register.
2
Add your service card number
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Save your Miles & More service card number in Your NAO profile. From this point onwards, participating investments count towards your ongoing mileage credit.
3
Invest and receive miles
The 2,500 miles from the welcome bonus are expected to be credited in October 2026, after the promotional period has ended. You will generally receive the miles from Your ongoing investments a few weeks after the order has been executed.
In just 3 steps to your investment
- Download the app & register
Download the NAO app and register in just a few minutes - quickly and completely digitally.
- Top up your account
Pay your desired amount conveniently via bank transfer or SEPA direct debit.
- Investing
Choose a fund, enter your amount and invest directly in private markets.
“NAO democratizes long-term wealth creation and expands investment options.
Steffen Hetzel
C-Suite in Tech (lawpilots, bitly) | Angel Investor & Advisor
Every product goes through a multi-stage selection process. We accept 1 in 8 funds.
01
Track record and stability
02
Fair costs and equal terms
03
Transparency and personal review
Private Equity
A globally diversified private equity fund from Partners Group, one of the world's largest and most experienced providers. The fund invests primarily in private companies.
14% p.a.
Target return
Target returnThe target return is based on fund management assumptions. It is neither a promise nor a reliable forecast of future results.09/30/2026
Lock-up period
Lock-up periodThe minimum holding period during which you cannot sell your shares. This provides the fund manager with the necessary planning security for long-term investments. Once this period has expired, you can generally redeem your shares.Medium risk
Medium riskRisk profile assessment based on the investment strategy and the volatility of comparable assets. Private markets are subject to market, liquidity, and company-specific risks.
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Private Equity
Focusing on innovative companies in the late growth stage. The ARK Private Innovation ELTIF invests strategically in sectors such as AI, aerospace, and cloud infrastructure—including well-known names like SpaceX and Databricks.
15% p.a.
Target return
Target returnThe target return is based on fund management assumptions. It is not a promise or a reliable forecast of future results.02/26/2027
Lock-up period
Lock-up periodThe minimum holding period during which you cannot sell your shares. This provides the fund manager with the necessary planning security for long-term investments. Once this period has expired, you can generally redeem your shares.Medium risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable assets. Private markets are subject to market, liquidity, and company-specific risks.
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Venture Capital
With the Redstone Venture Capital Fund, you invest in a broadly diversified portfolio of young, innovative start-ups. The fund bundles numerous growth companies into a single investment, giving you access to the technologies and business models of tomorrow.
16% p.a.
Target return
Target returnThe target return is based on the fund management's assumptions. It is not a guarantee or a reliable forecast of future results.7 years
Lock-up period
Lock-up periodThe minimum holding period during which you cannot sell your shares. This provides the fund manager with the necessary planning security for long-term investments. Once this period has expired, you can generally redeem your shares.Medium risk
Medium riskRisk profile assessment based on investment strategy and the volatility of comparable assets. Private markets are subject to market, liquidity, and company-specific risks.
YOUR NEXT STEP
Ready to earn
Miles & More miles with NAO?
Registration and account management are governed by NAO’s policies, while the Miles & More promotion is governed by separate Terms and Conditions.