Fund database › Infrastructure
PATRIZIA · LU2886115216
ELTIF 2.0 Infrastructure Luxembourg; supervisor: Commission de Surve Article 8 16 share classes ↓ Co-Investments Primaries / Target Funds Infrastructure Debt
Unit price (NAV) in EUR · share class AD · 15 data points
Calendar years, calculated from the NAV series
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.
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.
| Performance 12M | 0.91% |
Target return per the provider: > 8 % p.a. target total return (forecast, after deduction of fund costs and fees, before individual taxation; based on the distributing share class AD and a holding period of 7 years). KID moderate scenario: 9.26 % p.a. over 7 years
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
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.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.80% |
| Total ongoing costs | 2.10% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | not documented |
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 you get into the fund, and on what terms.
Not quantified in the fund documents available.
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; on each date the fund redeems at most 5 % of fund assets; for the first 36 months after subscription no redemption is possible.
The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
From the notice being received to the money reaching your account: typically around 380 to 472 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Quarterly - 'The first redemption date is the last business day of the calendar quarter following the third (3rd) anniversary of the acceptance of the first subscription application for shares in the company'. Redemption requests are executed at the redemption price within one (1) month of the relevant redemption date
TRIPLE GATING MECHANISM, now quantified: the company will reduce the volume of redemption requests to the relevant cap where the total value of the requests exceeds (i) fifty per cent (50 %) of the company's liquid assets on the redemption date or (ii), on a quarterly basis, five per cent (5 %) of the net asset value (determined on the redemption date), or (iii) where the liquid assets amount to less than 5 % of NAV or would fall below that level as a result of redemptions. The management may in its sole discretion permit a higher percentage. The reduction is applied pro rata to all applicants. Redemption requests that are not accepted are AUTOMATICALLY resubmitted on the next possible redemption date; there is NO cap on the number of resubmissions. In addition: suspension of redemptions if the determination of the NAV is suspended Additionally capped at 50 % of the liquid investments available on the redemption date.
'The notice period is at least twelve (12) months before the relevant redemption date.' Redemption requests must be IRREVOCABLE and must reach the registrar and transfer agent within the notice period; late requests are processed on the next redemption date at the redemption price then applicable
Lock-up period: 'The first redemption date is the last business day of the calendar quarter following the third (3rd) anniversary of the acceptance of the first subscription application for shares in the company ("lock-up period")'. Combined with the 12-month notice period, this produces an effective capital commitment of around four years from initial subscription
The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.
16 classes known. All cost and risk figures on this page apply to LU2886115216.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2886115216 | basis of this page | not documented | 2.10% | 3/7 |
| LU2886115307 | not yet collected | not documented | not documented | not documented |
| LU2886115489 | not yet collected | not documented | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2886115562 | not yet collected | not documented | not documented | not documented |
| LU2886115646 | not yet collected | not documented | not documented | not documented |
| LU2886115729 | not yet collected | not documented | not documented | not documented |
| LU2886115992 | not yet collected | not documented | not documented | not documented |
| LU2886116024 | not yet collected | not documented | not documented | not documented |
| LU2886116297 | not yet collected | not documented | not documented | not documented |
| LU2886116370 | not yet collected | not documented | not documented | not documented |
| LU2886116453 | not yet collected | not documented | not documented | not documented |
| LU2886116537 | not yet collected | not documented | not documented | not documented |
| LU2886116610 | not yet collected | not documented | not documented | not documented |
| LU2886116701 | not yet collected | not documented | not documented | not documented |
| LU2886116883 | not yet collected | not documented | not documented | not documented |
| LU2886116966 | not yet collected | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
The general partner manages the business and has delegated portfolio management and risk management to the AIFM (the AIFM's name is not stated in the text extract; AIFM agreement for an indefinite period, terminable by either side on 6 months' notice; removal possible by shareholder resolution with a 50 % quorum and a two-thirds majority). Portfolio manager: PATRIZIA Infrastructure Ltd. Central administration agent as well as registrar and transfer agent: Brown Brothers Harriman (Luxembourg) S.C.A. Legal form: SICAV in the form of a partnership limited by shares (societe en commandite par actions), RCS Luxembourg B291216, Part II of the 2010 Law
Brown Brothers Harriman (Luxembourg) S.C.A. - a credit institution within the meaning of Luxembourg law, also central administration agent as well as registrar and transfer agent
Launch/market introduction in March 2025; PRIIPs KID prepared on 28 Jan 2025
Listed as “Patrizia Infrastructure Invest“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70172415
As a partnership limited by shares there are two categories: the general partner (unlimited liability) and the limited shareholders (ordinary shares, liability limited to the shares subscribed). Equal-treatment requirement for retail investors: 'All investors in a share class distributed to retail investors are treated equally and not preferentially.' Not suitable for investors 'seeking a liquid open-ended structure that permits redemption at any time'; investors must be able to bear a long-term and illiquid commitment. Compulsory redemption in the case of 'excluded persons' with at least 10 business days' notice
Retail investors: Germany, Luxembourg, Italy. Professional investors additionally: France, Spain, Netherlands, Belgium, Sweden, Finland, Denmark, Austria, Switzerland (according to the country selection in the investor access area of the fund website)
Two layers: (1) fund level (AIFM Universal-Investment-Luxembourg S.A., portfolio management outsourced to PATRIZIA Infrastructure Ltd.) and (2) target-fund level - the ELTIF expressly invests via 'direct investments and holdings in target funds', in particular in institutional PATRIZIA target funds. Fees of these (in-house) target funds arise in addition; an offset/rebate is not documented (not documented) - potential double charging within the PATRIZIA group. In addition, infrastructure debt investments are made directly
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.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.