Fund database › Infrastructure
Union Investment · LU2669726957
ELTIF 2.0 Infrastructure Luxembourg Secondaries Co-Investments
Unit price (NAV) in EUR · 41 data points
1 payments recorded, in EUR
Past distributions are no guarantee of future payments. The diamonds in the NAV chart mark the payment dates.
Total return incl. distributions — payments notionally reinvested at the NAV of the payment date (standard methodology).
Pure price return (NAV movement without reinvestment): YTD +8.8% · 1 year +9.2% · since Jan 2024 p.a. +5.3%.
Calendar years, calculated from the NAV series incl. reinvested distributions
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.
| Since launch p.a. | 4.30% |
Target return per the provider: 'The investment strategy is not oriented towards a comparator but seeks to achieve/exceed the INVESTMENT OBJECTIVE (3-MONTH EURIBOR RATE PLUS 400 BASIS POINTS P.A.). The investment objective may be exceeded or undershot and is not to be understood as a guarantee.' PRIIPs scenarios after 7 years: stress -2.3 % p.a., unfavourable -0.3 % p.a., moderate +8.3 % p.a., favourable +9.3 % p.a.; return before costs in the moderate scenario 11.6 % p.a
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 | 2.30% |
| Total ongoing costs | 2.30% |
| Entry charge max. | 4.80% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | not documented |
| 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.
monthly
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 monthly; notice must be given 360 days before the date; on each date the fund redeems at most 8 % of fund assets; for the first 24 months after subscription no redemption is possible.
The gate caps redemptions at 8 % 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.
'Units in the fund may in principle be redeemed MONTHLY AS AT THE MONTH-END. Redemption of units is, however, only possible after expiry of a minimum holding period of 24 months and subject to a redemption notice period of 12 months.'
No quantified threshold. Documented: 'To manage liquidity risks we may RESTRICT THE REDEMPTION OF UNITS where investors' redemption requests reach a PREVIOUSLY DEFINED THRESHOLD beyond which the redemption requests can no longer be executed in the interests of all investors as a whole, AND/OR EXTEND THE NOTICE PERIOD FOR THE REDEMPTION OF UNITS.' In addition, a right of suspension in exceptional circumstances or where liquid funds are insufficient. Details in Article 8 'Redemption procedure – suspension of redemptions and compulsory redemptions' of the issuing document.
12-month redemption notice period
HARD minimum holding period of 24 months from acquisition, plus a 12-month redemption notice period. ELTIF right of cancellation: 'In line with the provisions of the ELTIF Regulation, retail investors may cancel their acquisition of units within a period of TWO WEEKS from their first acquisition of units in the fund and will receive their money back without deductions.' No redemption fee
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.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Union Investment Luxembourg S.A. (Union Investment group), 3, Heienhaff, L-1736 Senningerberg, supervised by the CSSF. Legal form of the fund: Sondervermögen (Fonds Commun de Placement, FCP) under Part II of the 2010 Law, an ELTIF and classified for regulatory purposes as an AIF
DZ PRIVATBANK AG, Luxembourg branch
No launch date in the KID. What is documented is the limited term: 'The term of the fund is limited to 18 December 2122.' This supports the legal launch on 18 Dec 2023 with a 99-year term.
Listed as “UniPrivatmarkt Infrastruktur ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70169763
'The fund is aimed at RETAIL INVESTORS. These clients pursue the objective of building/optimising wealth and have a long-term investment horizon. This fund is a product for clients with ADVANCED KNOWLEDGE of and/or experience with financial products. The client is able to bear a financial loss and does not attach importance to capital protection.' Distribution authorisation of the PRIIP: Luxembourg, Austria, Germany
Luxembourg, Germany, Austria (PRIIP authorised in LU, AT, DE)
Fund level (Union Investment Luxembourg S.A.; management fee + flat fee, depositary DZ PRIVATBANK) as well as, indirectly, the level of the co-investment/secondary-market fund vehicles. As the investments are made essentially as co-investments (direct investments alongside other investors), the classic target-fund double charging is reduced; where investments are made in secondary-market funds, however, fees arise at target-fund level in addition. Portfolio advice by Mercer Alternatives AG (advisory fee included in the ongoing costs). Extent: n/a
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.