Patrizia launches first ELTIF
German asset manager Patrizia has launched its first European Long-Term Investment Fund (ELTIF), focused on infrastructure equity and debt.
The Patrizia Infrastructure Invest Fund is being offered to private and professional investors through the firm’s wealth solutions unit and has been developed in partnership with fund service platform Universal Investment.
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The Luxembourg-domiciled evergreen vehicle will focus on infrastructure assets aligned with what it sees as four key global megatrends: digitalisation, urbanisation, energy transition and living transition.
It will invest both directly and via target funds, and prioritises European and other OECD markets. The fund is targeting a total investment return of eight per cent and ongoing distribution of over four per cent.
“With our first ELTIF, we are making our deep infrastructure expertise accessible to private and professional investors via wealth intermediaries,” said Sebastian Baer, head of wealth solutions international at Patrizia.
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“Combining infrastructure equity and debt with an asset allocation overlay, backed by our proven track record, is a key differentiating solution. This complements our fund and bespoke solutions offering for private wealth.”
The ELTIF structure is designed to make it easier for individuals to access long-term, illiquid investments. It was revised last year – dubbed ELTIF 2.0 – to improve liquidity, broaden investment opportunities and simplify marketing.
“Infrastructure presents a compelling opportunity for long-term portfolios, offering both stability and diversification,” said Graham Matthews, head of fund management infrastructure at Patrizia.
“At Patrizia, we specialise in mid-cap infrastructure investments, and through this ELTIF, private wealth investors will gain access to the same high-quality assets as our institutional clients.”
Patrizia manages over €55bn (£46.2bn) in assets. It is expanding into infrastructure for private investors to help meet its target of growing its assets under management to €100bn by 2030.
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