Fund database › Infrastructure
Invest in Visions GmbHLU2953736282Class RA EUR-H
The IIV ELTIF extends loans to companies in decentralised solar supply in sub-Saharan Africa — electrification as an impact investment, from the Frankfurt microfinance pioneer, as an Article 9 fund, launched in 2025, distributing, with no performance fee.
Daily subscription; quarterly redemption after a two-year minimum holding period and one year's irrevocable notice, filled from the freely available liquid assets.
No minimum investment in the R classes, from EUR 100,000 in the I classes; for long-term-oriented investors; distribution in Germany, Luxembourg and Austria.
The most unusual mandate in the database: frontier-market loans with immediately tangible development benefit in an ELTIF framework — the strict commitment here is not caution but the honest translation of a portfolio that knows no secondary liquidity.
Figures for class RA EUR-H (LU2953736282) · product data 26 Sep 2026 · sources: prospectus (as at February 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in May 2025, the unit price has lost 6.6% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
45 monthly values, 13 derived from monthly returns · Source: secondary source (data portal), Bloomberg, price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results.
What the prospectus permits: Direct Lending to qualifying portfolio undertakings (Art. 11 ELTIF Regulation); min. 55% of NAV in securitised/non-securitised loans, up to 45% in assets under.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
1 holding; the five largest account for 22.6% of the fund. 77.4% is held in the liquidity reserve.
How the reserve is invested: Korea Southern Power Co. 0.75% 2020/2026 22.2%.
Focus according to fund documents: Solar (PV) 60%, Renewables, other 20%, Energy services 20%
Focus according to fund documents: Africa, other 100%
Among the largest positions: 1 loan.
Translight Solar is a Ghanaian installer and distributor of solar systems for households and commercial customers, active for more than ten years …
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; holdings as at 22 Jul 2026, reserve as at 30 Sep 2025; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.60%, class RA EUR-H is above the median of the asset class (2.42%). There is no performance fee.
For 10,000 EUR this means roughly 260 EUR per year.
For 10,000 EUR, a one-off up to 300 EUR on purchase.
Based on the PRIIPs key information document of class RA EUR-H, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed daily. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 1 business day later.
complete documentation on application; until then acceptance may be refused
not addressed; late requests are settled at the second following valuation day (p. 62)
Price = NAV per share on this day.
NAV for each bank business day, calculated in each case on the following valuation day.
An order placed today is invested in — days (—). Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
Shown without a date because the prospectus does not quantify: payment. The remaining markers are calculated from the prospectus rules.
| Frequency | daily |
|---|---|
| Procedure | fully paid-in |
| Valuation day | every bank business day |
| Cut-off | 1 business day before Valuation day · 16:00 Luxembourg · (before the anchor date) |
| Price | valuation day |
| NAV publication | NAV for each bank business day, calculated in each case on the following valuation day; published on the website of the management company |
| Payment | DVP: 10 business days after cut-off |
| Minimum investment | no minimum investment amount |
| Entry charge (max.) | 3% (distributor) |
| Subscription limit | The AIFM may discontinue the issue of units temporarily or entirely; automatic discontinuation where redemptions are suspended on account of exceptional circumstances |
| KYC / documents | complete documentation on application; until then acceptance may be refused |
| Revocation | Retail investors: withdrawal within 2 weeks of signing; not otherwise regulated |
| Business day | Banks in Luxembourg, Hamburg and Frankfurt am Main open, other than 24 and 31 December (p. 13) |
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 24 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption days 31.03./30.06./30.09./31.12.; where the redemption day is not a valuation day, redemption …
Price = NAV per share on this day.
Redemption on four quarterly dates (31 Mar, 30 Jun, 30 Sep, 31 Dec) after a minimum holding period of 24 …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
An exit is possible after three years at the earliest — arithmetically 1145 days from decision to cash.
Rank 107 of 112 · rank 22 of 23 in Infrastructure · 24 months lock-up · no fixed redemption fee
Money typically only after more than a year — on average 415 days from decision to cash.
24 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Feb 2026 · score run 16 Oct 2026 · How 1145 days become 0 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 12 months before quarter-end |
| Price | quarter-end |
| Payout | 2 business days after redemption day |
| Gate | 50% gross of available liquidity per quarter |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | investor-level, 24 months (subscription) |
| Suspension | Assets not available/not transferable, exchange closed or trading suspended, unit value cannot be determined |
| Liquidity tools | Minimum holding period, notice period, extended notice period, redemption restriction of 50% of the freely available liquid investments with pro rata and … |
| Switch / transfer | possible, transfer only to Qualified Investors; trading on a regulated market or MTF possible, no listing arranged by the management company. |
| Compulsory redemption | in the case of an Ineligible Person on 15 calendar days' notice, in the event of late payment at 75% of NAV, as well as in the best interest of the fund |
Redemption on four quarterly dates (31 Mar, 30 Jun, 30 Sep, 31 Dec) after a minimum holding period of 24 months and an irrevocable notice period of 12 months. The total amount of redemptions is limited at quarter end to 50% of the fund's Freely Available Liquid Assets (not a NAV ratio); requests in excess are met pro rata according to a ratio determined by the management company.
The limit is not a NAV ratio: the total amount of redemptions is capped at quarter end at 50% of the fund's Freely Available Liquid Investments. Requests in excess are served proportionately; the allocation ratio is set by the management company.
Dates calculated from the prospectus rules (bank holidays: DE, LU); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class RA EUR-H.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) | 10 Feb 2026 | — |
| NAV series secondary source (data portal), Bloomberg, price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 22 Jul 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, notice period 12 months before quarter-end, with 50% gate per quarter. Subscribing today, it takes on average 1145 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.60% p.a. according to the PRIIPs KID for class RA EUR-H; the median of the Infrastructure funds in this database is 2.42%; no performance fee.
The prospectus sets no minimum investment.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the IIV Solar Electrification Debt ELTIF. Under the prospectus a gate of 50% per quarter applies.
Same asset class, similar sub-strategy.
Aquila Capital Investmentgesellschaft mbH · ELTIF 2.0 · monthly
Allianz Capital Partners GmbH · ELTIF 2.0 · quarterly
Blackstone · ELTIF 2.0 · quarterly
Brookfield Asset Management · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.