Patrizia has launched Patrizia Infrastructure Invest, its first European Long-Term Investment Fund (ELTIF), with the aim of expanding its offering to private wealth through wealth intermediaries. The fund, developed in partnership with Universal Investment, is structured as a Luxembourg SICAV-SCA and classified as an Article 8 fund under the SFDR.
The investment strategy will prioritise Europe and other OECD markets, with a focus on infrastructure assets that generate stable and predictable cash flows. The portfolio will combine direct investments and allocations to funds, both equity and debt, with an active management model and dynamic asset allocation.
The fund will focus on four key areas: digital transformation, urban change, energy transition and living sector developments. It will include investments in connectivity, urban mobility, decarbonisation and telecommunications, among other sectors.
Sebastian Baer, Head of Wealth Solutions International at Patrizia, says: ‘With our first ELTIF, we are making our infrastructure expertise available to private and (semi-)professional investors through wealth intermediaries’.
Infrastructure investments in Spain
In Spain, Patrizia has invested in telecommunications infrastructure, most notably in the acquisition of fibre-to-the-home (FTTH) operators. In 2023, the company allocated more than ten million euros to the purchase of Wifi Sancti Petri and Airwifi, creating the Localcom platform, with more than 25,000 customers.
It has also recently expanded its presence in the sector with the acquisition of 100% of REDI, whose fibre optic network will reach more than 165,000 homes in Valencia, Alicante, Castellón and Murcia by 2025. With these operations, Localcom will have the capacity to serve more than 215,000 homes in eastern and southern Spain.
Patrizia, which has more than 26 years of experience in infrastructure and close to 10,000 million euros invested in the sector, continues to advance in its growth strategy. The company plans to increase assets under management to €100 billion by 2030, with infrastructure as a key pillar of its expansion plan.