Swiss Life AM launches private infrastructure Eltif

Swiss Life Asset Managers has launched its first open-ended private infrastructure fund.

The Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-Eltif gives 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 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.

The initial subscription period closes on 30 April, 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.