Fund databaseInfrastructure

IIV Solar Electrification Debt ELTIF

Invest in Visions GmbH, Frankfurt am Main · LU2953736282

ELTIF 2.0 Infrastructure Luxembourg Article 9 4 share classes ↓ Direct Lending Renewable Energy Energy & Utilities

NAV · 25 Aug 202692.31 EURClass RA EUR-H
Fund currencyUSDclass tracked: EUR
Income treatmentdistributing
Performance since May 2025 p.a.-6.4%Class RA EUR-H
Ongoing costs2.50% p.a.
Min. investmentEUR 100,000Class RA EUR-H
Redemptionquarterly
Risk (SRI)3 / 7

01Performance

Unit price (NAV) in EUR · share class RA EUR-H · 44 data points

92.31 EURNAV as at 25 Aug 2026
91.894.697.3100.1May 2025Sep 2025Jan 2026Apr 2026Aug 2026
Source: Price feed from the management company 13 of 44 values derived (back-calculated from monthly returns)
YTD-3.7%
1 year-6.7%
since May 2025 p.a.-6.4%

Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.

Provider figures

These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.

Target return per the provider: no explicit target return ('attractive risk-adjusted returns'). PRIIPs scenarios class RA EUR-H, EUR 10,000: moderate scenario EUR 11,340 after 10 years = 1.3 % p.a. (1.8 % p.a. after 5 years; -0.7 % after 1 year); unfavourable -6.5 % p.a. (10 yrs); favourable 5.1 % p.a.; stress -6.9 % p.a. Return before costs 4.2 % / after costs 1.3 %

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2025
Fund sizeEUR 2mas at 30 Jun 2026
CurrencyUSD
Income treatmentdistributing
SFDRArticle 9
Recommended holding10 yrs
Liquidity buffer55.00%
Leverage limit

Risk indicator 3 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.

Portfolio breakdown

Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.

Sector breakdown

Target allocation% of fund assetsas at 30 Jun 2026

Solar (PV)60.0%
Renewables, other20.0%
Energy services20.0%
Show groups
Renewable energy80.0%
Energy & commodities20.0%
Source: Invest in Visions — 'Termsheet IIV Solar Electrification Debt ELTIF, R-Klasse EUR gehedgt (202606)' · Document

Geographic breakdown

Approximation (qualitative)% of NAVas at 30 Nov 2025

Africa, otherThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Invest in Visions 'Termsheet IIV Solar Electrification Debt ELTIF IA EUR-H', Stand 30.11.2025 · Document

Strategy

Direct Lending Renewable Energy Energy & Utilities

Direct lending to qualifying portfolio undertakings (Art. 11 ELTIF-VO); at least 55 % of NAV in securitised/unsecuritised loans, up to 45 % in assets pursuant to Art. 9(1)b ELTIF-VO; targeted portfolio split: commercial & industrial solar PV 60 %, mini-grids 20 %, productive use of energy 20 %; adviser AECF on the ground

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management feenot documented
Total ongoing costs2.50%
Entry charge max.3.00%
Redemption fee0.00%
Performance fee0.00%
Hurdle rate0.00%
High-water marknot documented

In context: ongoing costs

This fund
2.50%
Median Infrastructure
2.10%

Median across 19 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.

How the performance fee works

Not applicable – no performance fee, no hurdle, no catch-up, no high-water mark, no performance participation allocation

Costs per the key information document

Class RA EUR-H (KID 10 Feb 2026), investment of EUR 10,000 including entry charge: ongoing costs 2.5 % p.a. (EUR 247, estimate based on the actual costs of the previous year) + transaction costs 0.1 % p.a. (EUR 6) + performance fees 0.0 % (EUR 0). Total costs EUR 544 after 1 year, EUR 1,829 after 5 years, EUR 3,657 after 10 years. Annual impact of costs (reduction in yield): 5.4 % at 1 year, 3.2 % p.a. at 5 years, 2.9 % p.a. at 10 years (return 4.2 % before costs / 1.3 % after costs)
Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptiondaily
Minimum investmentEUR 100,000
Entry chargeup to 3.00%
Rec. holding period10 years

Subscription per the document

Daily (unit issuance and NAV calculation daily; valuation of the assets quarterly); two-week right of withdrawal pursuant to Art. 30 (7) ELTIF-VO

05Redemption & liquidity

Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.

Units can be redeemed quarterly; notice must be given 360 days before the date; for the first 24 months after subscription no redemption is possible.

1 · Lock-up24 months from subscription
2 · Notice period360 days before the date
3 · Redemption datequarterly
4 · Gatemax. 50 % of available liquid assets per date
5 · Payout2 days after the date

From the notice being received to the money reaching your account: typically around 362 to 454 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.

Redemption per the document

quarterly – 'You may in principle redeem the units quarterly on each valuation day (hereinafter the redemption date)'; the KID does not state any specific calendar dates

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Gate per the document

'limitation in volume of all redemptions to an amount equal to 50 % of the fund's short-term freely available liquidity on the respective valuation day'; in addition suspension in the event of exceptional events or insufficient liquidity

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Notice period

12 months' irrevocable redemption declaration before the respective redemption date; 'We may extend the notice period at our own discretion by 3 months, so that the notice period is 15 months (extended notice period).'

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Lock-up

Minimum holding period 24 months from issue of the units (hard lock: 'the redemption of units – irrespective of the size of the redemption amount – is possible at the earliest once you have held the units for at least 24 months')

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

06Share classes

4 classes known. All cost and risk figures on this page apply to LU2953736282.

ISINStatusMin. investmentOngoing costsSRI
LU2953736282basis of this pageEUR 100,0002.50%3/7
LU2953736019not yet collectednot documentednot documentednot documented
LU2953736100not yet collectednot documentednot documentednot documented
LU2953736365not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

HANSAINVEST LUX S.A., 19 rue de Flaxweiler, L-6776 Grevenmacher (management company and PRIIP manufacturer, SIGNAL IDUNA group), CSSF-regulated

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Depositary

DONNER & REUSCHEL AG, Luxembourg branch, Grevenmacher

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Launch date

5 May 2025

Eligible investors

'all types of investors who pursue the objective of building or optimising wealth and who wish to invest over the long term'; investors must be able to bear significant losses. PRIIP authorised in Germany, Luxembourg and Austria. Retail investors may cancel their subscription within 2 weeks pursuant to Art. 30 (7) ELTIF-VO without deductions

Source: KID LU2953736282 RA EUR-H, 10 Feb 2026

Distribution authorisation

Germany, Luxembourg, Austria (PRIIPs KID: 'This PRIIP is authorised in Germany, Luxembourg and Austria')

Fee layers / double charging

Fund level (management fee 0.15 %, portfolio manager fee of up to 2.00 % to Invest in Visions GmbH, depositary 0.03 %). The advisory service of The AECF, LLC (Africa Enterprise Challenge Fund) is a further service-provider layer; whether separate remuneration is incurred for it outside the portfolio manager fee is not documented (not documented). No target-fund/feeder structure; the loans are disbursed directly or via local borrowers

All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.