private equity

Private Equity. Professionally curated.

Invest from 1€ in three strictly curated Private Equity funds from ARK Invest, Partners Group and UBS — institutional quality, now available to you.

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Access to the private market

Invest from 1€ in products that were previously inaccessible to you — via a savings plan or one-time investment.

Leading fund managers

Funds are managed by Partners Group, UBS and ARK Invest with decades of expertise in the private equity sector.

Top rating on Trustpilot and App Store

Invest safely

Your fund shares are held in Baader Bank's special fund.

partners

Partners Group Logo
Goldman Sachs Logo
UBS Logo
BNP Paribas Logo
HanseMerkur Logo
Feri Logo
Natixis Logo
Muzinich Logo
UniCredit Logo
Moonfare Logo
Pioneer Lab Logo
Vontobel Logo

What is Private Equity?

Private Equity refers to investments in unlisted companies. This asset class has historically outperformed the public equity market and offers access to growth companies that are otherwise out of reach for private investors. With NAO, we democratize this access and enable investments starting at €1 in professionally managed PE funds from world-leading managers such as ARK Invest, Partners Group (€149B AUM) and UBS (€3.9T AUM).

Why Private Equity?

Private Equity offers the opportunity to invest in companies while operating away from public stock exchanges. Our chart shows the potential of Private Equity. An investment of 10,000€ in 2004 in private equity grew 18-fold by the end of 2024, while global equities quadrupled it.

Performance comparison since 2018

01.10.2023-30.09.2024: Private Equity: +11.59% | Global equities +30.48%
Source: Pitchbook Benchmarks Q2 2024, Private Equity Pooled IRR by Vintage Year & Global Stocks: Biggest Stocks from USA, UK, Germany,
01.10.2022-30.09.2023: Private Equity: +9.15% | Global equities: +19.95%
Japan & China 2004 to 2024 by NAO Research (2025)
01.10.2021-30.09.2022: Private Equity: +2.44% | Global equities: -20.89%
Disclaimer: Past performance, simulations, or forecasts are not a reliable indicator of future performance.
01.10.2020-30.09.2021: Private Equity: +48.81% | Global equities: +27.01%
Commissions, costs and fees can significantly influence the performance of investments in some cases.
01.10.2019-30.09.2020: Private Equity: +18.24% | Global equities: +8.59%
The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision.

Past performance, simulations, or forecasts are not a reliable indicator of future performance.
Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision.

possibilities

More opportunities away from the stock market.

Private Equity means investing in unlisted companies to promote their growth and benefit from their increase in value. This gives you access to a significant and large part of the economy, as 88% of the largest companies worldwide are not listed on the stock exchange.

Sources: Apollo, 2025: Can Private Markets Be the Alternative to Lofty Public Market Valuations?
Percentage of public and private companies in the USA with a turnover of more than $100 million | Schroders, 2025: The resilience of private equity in major crises: a 25-year analysis

Investing

Our strictly curated Private Equity funds.

Private Equity

Private Equity

Late-stage direct investments in tomorrow's innovation leaders. The ARK Private Innovation ELTIF invests specifically in disruptive companies in areas such as AI, space travel and cloud infrastructure — including SpaceX and OpenAI.

  • 15% p.a.

    Target return

    Target return
    The target return is based on fund management assumptions. It is not a promise and is not a reliable forecast of future results.
  • 26.02.2027

    Lock-up period

    Lock-up deadline
    The minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.
  • Medium risk

    Medium risk
    Assessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
Purple and teal plant growing from a small pile of coins on a smooth blue gradient background.
Partners Group Logo

Private Equity

Partners Group - Private Equity

Globally diversified Private Equity fund from Partners Group, one of the largest and most experienced providers worldwide. The fund primarily invests directly in private companies.

  • 14% p.a.

    Target return

    Target return
    The target return is based on fund management assumptions. It is not a promise and is not a reliable forecast of future results.
  • 30.09.2026

    Lock-up period

    Lock-up deadline
    The minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.
  • Medium risk

    Medium risk
    Assessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
UBS Logo

Private Equity

Private Equity

UBS's Evergreen Secondary Fund (ESF) provides access to the secondary private equity market with a focus on growth and buy-out transactions. The fund takes ESG criteria into account.

  • 14% p.a.

    Target return

    Target return
    The target return is based on fund management assumptions. It is not a promise and is not a reliable forecast of future results.
  • None

    Lock-up period

    Lock-up deadline
    The minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.
  • Medium risk

    Medium risk
    Assessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.

The fund managers

Our Private Equity manager.

ARK Invest is an asset manager from the USA specialized in disruptive innovation, founded in 2014 by star investor Cathie Wood. With a focus on future technologies such as AI, space travel, robotics and genomics, ARK invests specifically in tomorrow's market leaders — often long before the broad market recognizes their potential. The ARK Private Innovation ELTIF can normally only be invested from 10,000€. Exclusively with NAO, you can invest from as little as 1€.

35 billion

Assets under management (as of 2025)

10+

Experience in disruptive technologies

650+

about future technologies

The funds

Fund Manager

ARK Invest | Private Equity

Fund Strategy

Direct Growth Equity

Target return after costs

15% p.a.

Assets under Management (AuM)

6.7 billion USD

Recommended holding time

5 years

portfolio

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Partners Group

Our Private Equity manager.

Partners Group is a leading global private markets company founded in 1996 in Switzerland, with 21 offices worldwide and around 1,800 employees. The fund can normally only be invested from 30,000€. Exclusively with NAO, you can invest from as little as 1€.

174 billion $

assets under management

117 billion $

invested in Private Equity

30

years of experience in the market

The fund

Fund Manager

Partners Group | Private Equity

Fund Strategy

Direct Investments

Target return after costs

14% p.a.

Assets under Management (AuM)

149 billion $

Recommended holding time

5 years

portfolio

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UBS

Our private equity manager.

UBS is a leading global financial institution with over 150 years of experience in private markets and asset management. The UBS Private Equity Fund can normally be invested from €100,000, but with NAO, from as little as €1.

6.9 bio. $

assets under management

$45 billion

invested in Private Equity

160

years of experience in the market

The fund

Fund Manager

UBS | Private Equity

Fund Strategy

Secondary Funds

Target return after costs

14% p.a.

Assets under Management (AuM)

6.9 trillion $

Recommended holding time

5 years

Investment team

Comment from the investment team.

Robin Binder, NAO CEO, portrait of a man with light skin and slicked-back hair wearing a black turtleneck, looking slightly to the side.

Why did the investment team choose these Private Equity funds?

Private Equity is at the heart of our platform. Our investment team analyses the market continuously and systematically. It has selected three funds that pursue different strategies in this asset class: from direct corporate investments to fund investments and secondaries.
ARK Invest: To gain access to high-growth companies before they go public, we work with ARK Invest. ARK Invest brings unique research expertise and invests directly, without intermediaries, in the most innovative business models of our time. Companies in which ARK Invest is involved include OpenAI and SpaceX. This underlines the level at which ARK has access.
Partners Group: In our opinion, Partners Group is one of the most interesting Private Equity managers in the world if you want to invest in semi-liquid structures. As inventors of evergreen structures over 20 years ago and with a company history of more than 30 years, they prove year after year what makes good managers. All deals are fairly divided between closed and open-ended funds and every transaction in the fund is presented transparently. This professional approach is a perfect fit for us.
UBS: For secondary investments, our investment team has selected a UBS strategy. The fund buys existing investments in Private Equity funds, often at a discount to the current market value. From day one, this will build up a broadly diversified portfolio with already known company investments. The typical start-up phase, in which costs are initially incurred while companies are developed before finally generating income, is largely omitted.
With over 30 years of experience in this segment, hardly any other manager has comparable access to these transactions.

Robin Binder - Founder & CEO

Investment calculator

Simulate the potential development of your investment.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document from the Hamilton Lane Private Market Access ELTIF Fund with ISIN LU3051916800.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document for the product ARK ELTIF ICAV - Ark Private Innovation ELTIF with ISIN IE0007OY3DL2.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document from Partners Group Private Markets Evergreen SICAV Partners Group Private Equity Opportunities with ISIN LU2716887091 and the Private Equity (Lux) Evergreen Secondary Fund product with ISIN LU2461279726.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document for the product RGV - Redstone Global Venture ELTIF with ISIN LU2847069353.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document from the product Muzinich European Private Credit ELTIF SICAV with ISIN LU3051947607.

Disclaimer: Possible value development in various performance scenarios. Past performance, simulations, or forecasts are not a reliable indicator of future performance. Commissions, costs and fees can significantly influence the performance of investments in some cases. The costs and their effects on the performance of a financial instrument should therefore always be considered before making an investment decision. Source: NAO Research (2025); the underlying data is based on the key information document from the product UBS (Lux) Private Markets - Infrastructure Opportunities Fund with ISIN LU2707658667.

Customer Testimonials

The community has its say.
Thousands of investors trust NAO. Here’s what they have to say.

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About NAO

No tokenization. Your investment.
Your shares.

There are many new models in the financial world — at NAO, we focus on what really counts: real fund shares. Your capital is invested directly into the selected funds — without detours via tokenization or complex structures. With our co-investment approach, you own what you buy — clearly, simply and securely.

Learn more about NAO

11

partners

eight-digit

Assets under management

15

Curated funds

4.4/5

TrustPilot Rating

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Start now

Ready to join the NAO community?

Start today with access to exclusive private markets. Start investing like a millionaire, starting at just €1.

Create account now

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

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