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UBS (Lux) Private Markets - Infrastructure Opportunities Fund

UBS Asset Management Switzerland AGLU2707658667Class Seeding-PF-acc

ELTIF 2.0InfrastructureLuxembourgSFDR Article 8accumulating9 share classes ↓
What the fund does

The UBS ELTIF invests in European infrastructure through primaries, co-investments and fund building blocks — with a limited greenfield share, as an ELTIF 2.0, launched in 2025, accumulating.

Liquidity

A hard three-year commitment period from the first subscription closing; thereafter quarterly redemption with three months' notice, capped per quarter and cumulatively per year — excess orders are filled pro rata, and orders once placed are irrevocable.

Access

The minimum investment is regulated per share class; designed for retail investors with a good understanding of the market, registered in roughly seventeen countries, including Germany.

Price & return
NAV31 Aug 2026114.13 EUR
Performance 1 year31 Aug 2026+10.2%
Since start of series p.a.Oct 2024+7.3%
Costs & risk
Ongoing costsmedian Infrastructure 2.42%1.70%
Performance feeabove 7% hurdle, with high-water mark10%
Risk (SRI)scale 1 to 73 of 7
Access & liquidity
Minimum investmentclass Seeding-PF-acc50,000 EUR
Liquidity scoreavg. 744 days to cash8very low
Redemptiongate 5% per quarterquarterly
Recommended holding periodper key information document4 years
Compared with the asset classMedian of Infrastructure funds in this database with a documented value · data run 16 Oct 2026
Ongoing costs
1.70%this fund
2.42%median
Liquidity score
8this fund
8median
Redemption
quarterlythis fund
quarterlytypical
ContextEditorial

UBS opts for the commitment model of the insurer and bank products — a hard initial period instead of penalty fees — combined with a short recommended holding period: an unusual pairing that mirrors the distribution cycle more than the asset class.

Figures for class Seeding-PF-acc (LU2707658667) · product data 12 Oct 2026 · sources: prospectus (as at 24 Sep 2026), PRIIPs-KID — full list under 08 documents.

01Performance

Since the data series began in Oct 2024, the unit price has gained 7.3% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.

Class Seeding-PF-acc · Net asset value (NAV) in EUR
114.13 EURNAV as at 31 Aug 2026Move the pointer over the line
100105110115Oct 2024Apr 2025Sep 2025Mar 2026Aug 2026
YTD 2026+7.4%
1 year+10.2%
Calendar year 2025+3.6%
since Oct 2024 p.a.+7.3%

30 monthly values, 7 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.

02Strategy

What the prospectus permits: Primary and secondary target funds as well as co-investments, continuation funds and similar structures; focus on operating infrastructure assets with stable current income, no more than 20% of committed capital in new-build projects (greenfield)

prospectus (as at 24 Sep 2026)
Launch2025
Fund size50.6 m EURas at 30 Jun 2026
Sub-strategyPrimaries · Co-Investments · Fund of funds · Infrastructure
SFDRArticle 8
Liquid assetstarget 10%actual 8% · see 03
Leverage limit15%

Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.

03Portfolio

16 holdings; the five largest account for 51.7% of the fund. 7.8% is held in the liquidity reserve — enough for 5 months of maximum redemptions.

30 Jun 2026
Where the money is% of fund assets · 30 Jun 2026
Private markets 92.2%Liquidity reserve 7.8%

How the reserve is invested: Bank balances and liquid assets 28.6%. It covers 5 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.

SectorsApproximation from fund documents, not actual values · 21 Aug 2026

Focus according to fund documents: Infrastructure (not broken down) 100%

Regions and structureApproximation from fund documents, not actual values · 21 Aug 2026

Focus according to fund documents: Developed markets, not broken down 100%

16Holdings
51.7%Top 5 of NAV
11.0%largest position

Among the ten largest: 7 co-investments, 2 primary funds, 1 LP secondary.

The five largest positions% NAV · 30 Jun 2026 · top 10 together 83.1%
  1. 1
    KKR GV Co-Invest LP (Greenvolt)co-investment · Renewable energy · Portugal/Europe
    11.0%

    Greenvolt, a Portuguese developer and operator of renewable energy headquartered in Lisbon, active in wind, solar, battery storage …

  2. 2
    Stonepeak Cologix Holdings (Lux) V SCSp (Cologix)co-investment · Data centres / Interconnection · North America
    10.5%

    Cologix operates network-neutral interconnection and hyperscale data centers in North America, where network operators, cloud providers and enterprises use space and connectivity.

  3. 3
    GIP Polaris Feeder Fund, L.P.LP secondary · Transport infrastructure · United Kingdom/global
    10.3%

    Feeder vehicle of Global Infrastructure Partners (part of BlackRock since 2024) for the "Polaris" program, which the annual report assigns to the transportation sector.

  4. 4
    Stonepeak Ascend (Co-Invest) Holdings (CYM) LP (Project Ascend)co-investment 2026 · Transport/Logistics · USA
    10.2%

    Co-investment vehicle of Stonepeak, a New York-based infrastructure investor, for Project “Ascend” in the US transportation and logistics sector.

  5. 5
    MEIF 7 Airports SCSp (Project Homecoming)co-investment · Airports · United Kingdom/Europe
    9.8%

    Co-investment vehicle (Project “Homecoming”) alongside Macquarie European Infrastructure Fund 7 for a stake in airports in the United Kingdom or Europe.

Positions 6 to 10together 31.4% · Constellation Strategic Investment Vehicle SCSp · Officium Co-Invest Partnership SCSp · Jasminfra III SCA (Luxembourg) · Demeter Holdco Limited · EQT Infrastructure VI EUR
  1. 6
    Constellation Strategic Investment Vehicle SCSpco-investment · Europe
    8.3%

    Luxembourg strategic co-investment vehicle (SCSp) named "Constellation", through which an equity stake in an infrastructure asset with a European focus is held.

  2. 7
    Officium Co-Invest Partnership SCSpco-investment · Europe
    7.9%

    Undisclosed European infrastructure co-investment held through the Luxembourg vehicle Officium Co-Invest Partnership SCSp.

  3. 8
    Jasminfra III SCA (Luxembourg)primary fund 2025 · Energy/Energy transition · Europe
    5.4%

    Luxembourg infrastructure fund (Jasminfra III SCA) that, according to the annual report, invests in energy and energy transition infrastructure with a focus on Europe.

  4. 9
    Demeter Holdco Limitedco-investment · n/a (presumably energy) · United Kingdom
    5.0%

    UK holding company (Demeter Holdco Limited) through which the fund holds an infrastructure co-investment in the form of units; no further description is available.

  5. 10
    EQT Infrastructure VI EURprimary fund · Diversified infrastructure · Europe/global
    4.9%

    EQT Infrastructure VI is EQT’s (Stockholm) sixth value-add infrastructure fund, vintage 2023, with around EUR 21.5 billion in commitments.

Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.

04Costs

With ongoing costs of 1.70%, class Seeding-PF-acc is well below the median of the asset class (2.42%). On top comes a performance fee of 10% above a hurdle of 7% — with a high-water mark.

PRIIPs-KID Seeding-PF-acc
Ongoing costsper year, % of unit value
  • Total ongoing costs1.70%
  • of which management fee0.50%
  • Performance fee10%
  • Hurdle rate7%
  • High-water markyes
1.70%this fund
2.42%median Infrastructure

For 50,000 EUR this means roughly 850 EUR per year.

One-off costsmaximum per prospectus
  • Entry charge (for distribution)up to 5%
  • Redemption fee0%

For 50,000 EUR, a one-off up to 2,500 EUR on purchase.

  • Several layers of fees possible. STRUCTURAL DOUBLE CHARGING: (1) sub-fund level (UBS Asset Management Switzerland AG as investment manager; 2.40% p.a. ongoing costs, 10% performance fee above a 7% preferred return) and (2) TARGET FUND LEVEL - the sub-fund expressly invests in primary and secondary target funds; their management fees and carried interest are incurred in addition.

Based on the PRIIPs key information document of class Seeding-PF-acc, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.

05Subscription

Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed.

calculated on —
Next subscription cycleValuation day — · calculated on — Your step Fund-internal
  1. Documents complete
    —recommendation
  2. Order cut-off
    —17:00 CET

    the notice period may be waived by the Board; where the cut-off day does not fall on a …

  3. Valuation day
    —T

    Price = NAV per share on this day.

  4. NAV published
    Valuation as at the last business day of the …
  5. Payment due
    —T+0 BD

    pre-funding: 0 business days after dealing day

An order placed today is invested in — days (—); the money is due on —. 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: NAV publication. The remaining markers are calculated from the prospectus rules.

Before placing the orderwhat can delay, add cost to or scale back the subscription
  • Payment: pre-funding. Units are issued only where the funds are received before the Subscription Dealing Day
  • Scaling back possible. The Board may allow subscriptions without limit; requests may be accepted in whole or in part, deferred, queued or rejected
  • Clarify the share class first. EUR 50,000 · Entry charge (max.): 5%
  • Number of units is fixed later — 100,000 EUR at the latest NAV (114.13 EUR, 31 Aug 2026) would equal roughly 876 units.
All prospectus details on subscription12 items · incl. procedure, KYC, business-day definition
Frequencymonthly
Procedurefully paid-in
Valuation daylast business day of the month
Cut-off18 calendar days before dealing day · 17:00 CET · (before the anchor date)
Pricevaluation day
NAV publicationValuation as at the last business day of the month; no publication deadline stated
Paymentpre-funding: 0 business days after dealing day
Minimum investmentEUR 50,000
Entry charge (max.)5% (distributor)
Subscription limitThe Board may allow subscriptions without limit; requests may be accepted in whole or in part, deferred, queued or rejected
Revocationretail 2 weeks from signing of the Subscription Agreement, free of charge
Business daySupplement: any day (not Sa/So/public holiday) on which banks in Zurich and/or Luxembourg are generally open for business (p. 112)

Dates calculated from the prospectus rules (bank holidays: CH, LU); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.

06Redemption & liquidity

Units can be redeemed quarterly — with a volume limit (Gate), lock-up 36 months. How quickly the money arrives and what happens if many want out at once is set out below.

calculated on —
Next redemption cyclePricing date — · calculated on — Your step Fund-internal
  1. Request by cut-off
    —17:00

    Redemption notice period: 17:00 Luxembourg time on the last business day 9 calendar months before the …

  2. Pricing date
    —T

    Price = NAV per share on this day.

  3. Gate check
    on the pricing date

    Redemption limits: on each redemption day at most the lower of (i) ELTIF RTS Annex I option 1 …

  4. NAV published
    Valuation as at the last business day of the …
  5. Payout
    —T+60 CD

    redemption day

A request made today is paid out on — — — days; from the cut-off to cash it is — days.

Shown without a date because the prospectus does not quantify: NAV publication. The remaining markers are calculated from the prospectus rules.

Liquidity scoreHow quickly can you get your money out, according to the prospectus?
8/100very low

Money typically only after more than a year — on average 744 days from decision to cash.

Rank 87 of 112 · rank 14 of 23 in Infrastructure · 18 months lock-up · no fixed redemption fee

34/100low

Money typically within a year — on average 197 days from decision to cash.

18 months lock-up — expired for existing holdings · no fixed redemption fee

one dot = one fund (112, view as of today) · ● Infrastructure · ● other asset classesMedian of all funds: 29
And if many want out at the same time?
  • At most 5% of NAV on the redemption day per quarter can be redeemed. In addition: cumulatively 15% p.a. (sum of the quarterly payments of the four preceding quarters).
  • Carried forward automatically to the next dealing day.
  • No history yet — fund since Apr 2025; no redemption period under pressure documented. The reserve covers 5 months of maximum redemptions (03).
  • The prospectus does not say how long a suspension may last.
  • Swing pricing of up to 2% possible — not included.

Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 24 Sep 2026 · score run 16 Oct 2026 · How 744 days become 8 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.

All prospectus details on redemption14 items · incl. grounds for suspension, in-kind redemption, transfer, compulsory redemption
Characterredemption right
Frequencyquarterly
Valuation dayquarter-end
Notice3 months before redemption day · 17:00 CET
Pricequarter-end
Payout60 calendar days after redemption day
Gate5% gross of NAV on the redemption day per quarter; cumulatively 15% p.a. (sum of the quarterly payments of the four preceding quarters).
Scaled-back portioncarried forward automatically to the next dealing day
Redemption fee (max.)0%
Lock-upfund-level, 36 months (fund launch)
Suspensionmarket closed/restricted; valuation cannot be determined; disorderly liquidation or repatriation impossible
Liquidity toolsRedemption limits 5% per quarter / 15% p.a. or 33.3% of UCITS-eligible assets; discretionary redemption gate (AIFMD II) from 4% of NAV, pro rata.
Switch / transferpermitted with the prior consent of the Board; no secondary market
Compulsory redemptionin the event of material detriment to the sub-fund, breach of law/tax rules, an ineligible holder or failure to maintain the minimum initial investment

Redemption limits: on each redemption day at most the lower of (i) ELTIF RTS Annex I option 1 (33.3% of UCITS-eligible assets) and (ii) 5% of NAV, cumulatively 15% p.a. (four preceding quarters); in addition a discretionary AIFMD II gate from 4% of NAV (lowest monthly NAV of the three preceding months), pro rata; roll-over of up to 12 months.

Dual limit: no more than 5% of net asset value per redemption date AND 15% p.a. on a cumulative basis, calculated as the sum of the quarterly payout ratios of the preceding four quarters. Where requests exceed the limit, they are met pro rata (compulsory redemptions may be executed in full).

Dates calculated from the prospectus rules (bank holidays: CH, LU); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.

07Share classes

9 classes. All cost and risk figures on this page refer to the basis class Seeding-PF-acc.

6 of 9 classes with a key information document
ISINClassCurrencyIncomePRIIPs KIDStatusMinimum investmentMgmtOngoing costs
LU2707658667Seeding-PF-accbasisEURaccumulating✓—50,000 EUR0.50%1.70%
LU2707658824(CHF unhedged) Seeding-PF-accCHFaccumulating✓—50,000 CHF0.50%2.51%
LU2707658402(USD unhedged) Seeding-PF-accUSDaccumulating✓—50,000 USD0.50%2.51%
+ show 6 further classesshow fewer
LU2811767065P-PF-accEURaccumulating✓—50,000 EUR1.80%3.81%
LU2811767149P-PF-distEURdistributing✓—50,000 EUR1.80%3.81%
LU2707658741Seeding-PF-distEURdistributing—not yet launched50,000 EUR0.50%—
LU2707658311Seeding-PF-dist (CHF unhedged)CHFdistributing✓not yet launched50,000 CHF0.50%2.51%
LU2707658584Seeding-PF-dist (USD unhedged)USDdistributing—not yet launched50,000 USD0.50%—
LU2688508998U-B-PF-seeding-accEURaccumulating——50,000 EUR0%—

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. The risk indicator differs by class (3 to 4); the key figures show the value of the basis class.

08Master data & documents

Who is behind the fund, where it may be distributed — and which documents were evaluated.

AIFM / ManCoUBS Asset Management (Europe) S.A.
DepositaryUBS Europe SE
Investor baseretail and professional investors
Distribution authorisationAustria, Belgium, Germany, Denmark, Spain, Finland, France, Greece (+9)
DomicileLuxembourg
Legal wrapperELTIF 2.0
Fund currencyEUR
BaFin marketing notificationno entry in the BaFin fund database
Documents evaluateddata as at 12 Oct 2026
DocumentAs atUsed for
Key information document (PRIIPs KID)
created 17 Apr 2025
17 Apr 2025—
NAV series
secondary source (data portal)
31 Aug 2026Performance (01)
Positions and reserve30 Jun 2026Portfolio (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.

Frequently asked questions about the UBS (Lux) Private Markets - Infrastructure Opportunities Fund

How quickly can I get out of the UBS (Lux) Private Markets - Infrastructure Opportunities Fund?

Redemption quarterly, notice period 3 months before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 744 days from decision to cash under the prospectus deadlines; a gate is not factored in.

What does the UBS (Lux) Private Markets - Infrastructure Opportunities Fund cost per year?

Ongoing costs of 1.70% p.a. according to the PRIIPs KID for class Seeding-PF-acc; the median of the Infrastructure funds in this database is 2.42%; plus a performance fee of 10%.

What is the minimum investment in the UBS (Lux) Private Markets - Infrastructure Opportunities Fund?

50,000 EUR in class Seeding-PF-acc.

Can I buy the UBS (Lux) Private Markets - Infrastructure Opportunities Fund as a retail investor in Germany?

Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.

Is the UBS (Lux) Private Markets - Infrastructure Opportunities Fund currently gated?

As at 16 Oct 2026, no redemption restriction is documented for the UBS (Lux) Private Markets - Infrastructure Opportunities Fund. Under the prospectus a gate of 5% per quarter applies.

Similar funds

Same asset class, similar sub-strategy.

Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.

Important notes. semiliquid.info does not provide investment advice or any recommendation to buy, sell or hold fund units; no ranking, no offer, no solicitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We accept no liability for the accuracy, completeness or timeliness of the information. Semi-liquid funds invest in illiquid assets: redemptions are restricted and may 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 KID before any investment decision and seek professional advice where appropriate.