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Swiss Life Privado Infrastructure
Key Statistics
Fund Size
N/A
Target Return
4.2%
Annualized Return
4.6%
Launch Year
2024
Min. Investment
€1,000
Availability
Open for public
Structure
SICAV-ELTIF
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.9%
Carry
None%
High Water Mark
No
ISIN
LU2724512657
Currencies
CHF, EUR, USD
Investor Eligibility
Retail
Liquidity Options
Quarterly redemptions (5% NAV cap
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
3 out of 7
Annual Returns (KID Scenarios)
Stressed
-1.8%
Moderate
3.8%
Favorable
4.2%
Average Total Cost Level (KID)
3.1%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Portfolio Composition
Information about fund
Core Infrastructure with a €1,000 Ticket
Swiss Life Privado Infrastructure is an open-ended ELTIF launched by Swiss Life Asset Managers in the spring of 2024 with a seed portfolio of more than 40 unlisted infrastructure companies. The objective is stable, inflation-linked cash flows from core, core-plus and value-add assets across OECD countries. As of July 2026 the portfolio was spread across communications (27.5%), social infrastructure (26.8%), transport (20.3%), renewable energy (14.6%) and utilities (10.8%), with large positions in Spanish toll-road operator Itinere Infraestructuras (16.9%), air-ambulance operator Eliance (12.7%), Norwegian hydropower company FORTE Vannkraft and the social-infrastructure platform Educare.
Key Figures (31 July 2026, EUR acc class)
Since Inception
4.6% p.a.
11.5% cumulative since Aug 2024
2025 Return
6.4%
Last 12 months 3.6%
Volatility
~3%
Since inception
Minimum
€1,000
Retail ELTIF
Liquidity
Quarterly
5% NAV/quarter, 15%/year cap
Seed Portfolio
40+
Infrastructure companies, OECD
Performance and Portfolio
Performance has been steady rather than spectacular. The EUR accumulating class launched on 19 August 2024 had returned 4.6% a year since inception by 31 July 2026 — 11.5% cumulative — with 6.4% in calendar 2025 and 3.6% over the last twelve months, at a volatility of about 3%. There is no performance fee. The fund can borrow up to 50% of its assets, and the recommended holding period is at least seven years. Total fund assets are not disclosed; the one EUR class we could see held €13.9 million.
Portfolio (31 July 2026)
| Sectors | Communications 27.5%, social infrastructure 26.8%, transport 20.3%, renewable energy 14.6%, utilities 10.8% |
| Top holdings | Itinere Infraestructuras 16.9%, Eliance 12.7%, AITHD 10.1%, FORTE Vannkraft 10.1%, Educare 10.1% |
| Structure | Luxembourg SICAV-ELTIF, open-ended; AIFM Swiss Life Asset Managers Luxembourg |
| Leverage | Up to 50% of assets |
| Performance fee | None |
| KID | Risk 3/7; moderate 3.8%, favourable 4.2%; total cost ~3.1% |
Terms
Terms are retail-friendly: monthly subscriptions, quarterly redemptions capped at 5% of NAV per quarter and 15% a year, and a minimum investment of €1,000, one of the lowest in private markets. The KID places the fund in risk class 3 of 7 with total costs of around 3.1% a year and a moderate scenario of 3.8%; the 1.9% management fee on Fundscouter’s record could not be verified against a public factsheet.
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