Le mie ricette per la real estate communityUBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business and SOLUTIO AG announce the first closing of APPIA III Global Infrastructure Portfolio (APPIA III), an infrastructure fund-of-funds with initial commitments of more than EUR 100 million. The fund has been launched by UBS-AM alongside its long-term, Munich-based joint-venture partner, SOLUTIO AG, a real assets investment firm for institutional investors in Germany and Austria.
APPIA III provides a broadly diversified exposure to the infrastructure asset class, with a focus on operating infrastructure assets in OECD markets. The fund seeks to invest in primary, secondary and selective co-investment transactions. The fund will invest in core/core+ as well as growth-focused strategies, and is reviewing opportunities across all of the major sectors, including energy and utilities, transport, communications, public-private partnerships and social infrastructure.
This is the third infrastructure fund-of-funds vehicle launched by UBS-AM and SOLUTIO AG following the successful performance of its now fully invested predecessors. APPIA III will pursue a consistent strategy to its earlier iterations, which has proven to resonate positively with institutional investors, and has a total fundraising target of around EUR 300-400 million.
Roland Hantke, Head of Multi-Managers Infrastructure, UBS-AM REPM, commented:
“Our success in launching our third APPIA vehicle is testament to the performance of the two predecessor funds and our proven ability to provide clients with a well-structured portfolio of infrastructure investments across the core/core+ and growth-focused infrastructure sectors. The asset class’ ability to deliver long-term value has cemented its place as an integral component of institutional investors’ multi-asset portfolios.”
Robert Massing, Managing Partner, SOLUTIO AG, added: “APPIA has a proven strategy that clearly resonates with investors’ needs; we are now in the fortunate position to leverage this track-record for the successful launch of our third fund. With an active pipeline of opportunities under review, we look forward to providing our clients with access to infrastructure funds that deliver a combination of attractive value enhancement and recurring yield.”
Source : Joint release