Fund database › Infrastructure
The Rivage ELTIF carries an institutionally proven infrastructure-debt platform into the wealth market: European infrastructure debt, distributing, as a French ELTIF, launched in 2026.
Semi-monthly valuation and dealing dates with short notice after an initial lock of only six months from launch; a net limit per dealing date caps outflows.
Subscription from EUR 10,000 for wealth clients and retail investors; currently confined to the home market, not registered in Germany.
Infrastructure debt as a stand-alone retail profile is offered by hardly anyone else in the field — the combination of a short lock, a dense dealing rhythm and a four-year recommended holding period makes it the most liquidity-friendly infrastructure product after the Eiffel funds.
Figures at fund level · product data 12 Oct 2026 · sources: prospectus (as at 15 Jul 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Apr 2026, the unit price has gained 190.8% (cumulative, 0.3 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
3 monthly values, 2 derived from monthly returns · Source: secondary source (data portal) · 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: High-yield infrastructure debt (target profiles BB); Rivage has been a pioneer in this segment since 2017
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
What is actually held: breakdown by sector and region according to the provider.
Focus according to fund documents: Infrastructure (not broken down) 100%
Focus according to fund documents: Europe 100%
Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 3%, the main class is well above the median of the asset class (2.42%). On top comes a performance fee of 10% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 300 EUR per year.
For 10,000 EUR, no charge on purchase.
Cost figures of the main class according to provider documents. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed fortnightly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 5 business days later.
Intermediate custodians may apply their own, earlier cut-off (Art. 2.3 and 6.1.4)
Price = NAV per share on this day.
VL as at the 15th of the month (or the preceding Jour Ouvre) and as at the last Jour …
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 | fortnightly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | 15th and month-end |
| Cut-off | 1 business day before Valuation day · 11:00 Paris · (before the anchor date) |
| Price | next NAV after centralisation |
| NAV publication | VL as at the 15th of the month (or the preceding Jour Ouvre) and as at the last Jour Ouvre of the month; publication within 5 Jours Ouvres thereafter |
| Payment | DVP: 4 business days after Valuation day |
| Minimum investment | 10000 EUR (no minimum investment for Entreprises d Assurance) |
| Entry charge (max.) | 0% (not in the prospectus) |
| Subscription limit | Subscription period runs until dissolution; the company may close it at any time on 3 months' prior notice; suspension pursuant to Art. 6.4 |
| Revocation | Investisseur de Detail: withdrawal within 2 weeks of execution of the subscription, repayment without deduction |
| Business day | Jour Ouvre = tout jour ou les banques sont ouvertes a Paris et la bourse de Paris, hors samedis, dimanches, jours de bourse chomes et jours feries en France … |
Dates calculated from the prospectus rules (bank holidays: FR); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
Units can be redeemed fortnightly — with a volume limit (Gate), lock-up 6 months. How quickly the money arrives and what happens if many want out at once is set out below.
Periode de Blocage of 6 months from constitution (13 Feb 2026), thereafter redemption at each VL …
Price = NAV per share on this day.
Redemption limit of 4.2% per redemption date, calculated as the lower of 4.2% of the sum of the liquidity …
valuation day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within a month — on average 29 days from decision to cash.
Rank 4 of 112 · rank 2 of 23 in Infrastructure · no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Jul 2026 · score run 16 Oct 2026 · How 29 days become 72 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 | fortnightly |
| Valuation day | 15th and month-end |
| Notice | 5 business days before Valuation day · 11:00 Paris |
| Price | next NAV after centralisation |
| Payout | 10 business days after valuation day |
| Gate | 4.2% net per redemption day; Lower limit being the lower of 4.2% of (Poche d Actifs Liquides + expected 12-month cash flows) and 4.2% of the Actif … |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | 0% |
| Lock-up | fund-level, 6 months (the constitutive documents) |
| Suspension | Valuation or communication disruption; liquidity difficulties; cyber incident or suspension at the target investment |
| Liquidity tools | Plafonnement des rachats 4.2% (Montant Maximal de Rachats ELTIF); swing pricing with an undisclosed threshold; suspension of subscription and redemption |
| Switch / transfer | Cession possible at any time between investors or to third parties, the acquirer must be an Investisseur Autorise, approval procedure with Delai d Agrement … |
| Compulsory redemption | where the minimum subscription amount is not met and in the case of a Personne Exclue; may rank ahead of voluntary redemptions (Art. 6.3.9) |
Redemption limit of 4.2% per redemption date, calculated as the lower of 4.2% of the sum of the liquidity position and the expected twelve-month cash flows and 4.2% of the net assets, in each case net of the subscriptions of the same NAV date. Where the limit is exceeded, all requests are scaled back pro rata; the scaled-back portion lapses.
The limit is defined as the minimum of two ratios: 4.2% of the sum of the liquid asset position and the expected twelve-month cash flows on the one hand, and 4.2% of net assets on the other; the lower of the two figures applies, so that 4.2% of NAV forms the upper limit.
Dates calculated from the prospectus rules (bank holidays: FR); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
10 classes.
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) | 15 Jul 2026 | — |
| NAV series secondary source (data portal) | 31 Jul 2026 | Performance (01) |
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 semi-monthly, notice period 5 business days before Valuation day, with 4.20% gate per redemption day. Subscribing today, it takes on average 29 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 3% p.a. according to the PRIIPs KID; the median of the Infrastructure funds in this database is 2.42%; plus a performance fee of 10%.
From 1,000 EUR in the smallest class in EUR.
No. According to our evidence, the fund cannot currently be subscribed 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 Rivage Infrastructure Credit ELTIF. Under the prospectus a gate of 4.20% per redemption day 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.