Luxembourg-based structuring specialist Alceda and investment firm CBRE Clarion Securities are set to launch a new listed infrastructure fund on Alceda’s Luxembourg-based Ucits platform.
The fund invests in a global portfolio of listed companies which derive the majority of their revenues from the ownership, management, development or operation of infrastructure assets such as include toll roads, airports, communication towers, oil and gas pipelines, water distribution pipelines and electric transmission and distribution lines.
As a result of the cooperation between the two parties, European Investors are able to access CBRE Clarion’s listed infrastructure strategy as a Ucits vehicle. An earlier version of the CBRE Clarion listed infrastructure fund is already available to investors in the US.
Jeremy Anagnos, CIO of Infrastructure at CBRE Clarion, comments on the launch: “Allocating to listed infrastructure is an effective portfolio completion strategy for investors with exposure to unlisted infrastructure and an income-driven option for investors seeking competitive risk-adjusted returns. The listed market provides investors with efficient access to core infrastructure assets yielding attractive dividends and provides the ability to dynamically adjust portfolio exposure to better manage risk and capitalize on market opportunities.”
The newly launched fund is set up as a Luxemburg-based Ucits compliant Sicav and is licensed for investors in Germany and the UK, is registered with a US-Dollar share class. Further tranches including EUR, GBP and JPY are intended to be added.