Swiss Life Asset Managers has launched its first open-ended private infrastructure fund, Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-Eltif.
This fund grants access to private infrastructure markets, typically accessible only to institutional investors, for private and institutional investors in select EU countries, Norway, and qualified investors in Switzerland.
The surge in infrastructure investment
The fund’s strategy is to create a diversified infrastructure portfolio across OECD (Organisation for Economic Co-operation and Development) countries, focusing on healthy returns in renewable energy, energy and utilities, communications, transport, and social infrastructure sectors.
The fund gives investors access to portfolio of over 40 private infrastructure companies such as wind and solar parks, hydropower plants, recycling companies, data centres, fibre networks, district heating networks, railway wagons, private hospitals, etc.
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The initial subscription period closes on April 30, 2024. Following this, eligible investors can opt for monthly subscriptions and quarterly redemptions, subject to certain gates. With a recommended investment horizon of at least seven years, the fund complements existing investments across asset classes like cash, bonds, equities or real estate.
According to the firm, infrastructure investments comprise essential projects, from transport networks to hospitals, addressing long-term needs and creating employment opportunities while enhancing living and working environments.
Additionally, the firm highlighted the necessity of providing the required infrastructure in an affordable, socially equitable and environmentally sustainable manner amid climate change challenges.
