The investment group invests mainly in global co-investments with a focus on core/core+ brownfield investments.
Manager |
GCM Grosvenor |
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Launch | November 27, 2023 |
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Prospectus (German) |
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Certificate of subscription (German) |
Co-investment refers to a direct investment in a company alongside an infrastructure fund. The infrastructure fund normally holds the majority and the co-investment investor a minority stake in the infrastructure investment.
Brownfield describes infrastructure investments that already exist and that are operational. The returns from brownfield infrastructure investments generally result in particular from ongoing cash flow from operational activities and only to a small extent from capital gains. Infrastructure investments that are still in the set-up stage are referred to as greenfield. Returns from greenfield infrastructure investments essentially result from capital gains.
What sets GCM Grosvenor apart?
Access to the most attractive opportunities
Name | Zurich investment foundation Infrastructure Evergreen |
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Legal structure | Investment foundation under Swiss la |
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Investor group | Pension funds with Swiss domicile |
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Currency | USD, unhedged (currencies are not hedged) |
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Auditor | PricewaterhouseCoopers (PwC) |
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Launch | November 27, 2023 |
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Investment period | 4-year initial portfolio build-up |
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Management fee | 1% on the net asset value (not on committed capital) |
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Performance fee | 8%1 |
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Hurdle | 7,5% (with full catch-up and clawback within 4-year accrued periods) |
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Expected Total Expense Ratio | 1,5-3% (dependent on performance fee) |
1 Performance fee on the underlying private infrastructure target fund and based on its USD unhedged performance.
Redemption
Redemption requests must be submitted at the end of each year, for the first time as of December 31, 2025. Repayment generally within 2 years (with 2-year extension option if required).
Details on the redemption and repayment modalities can be found in the prospectus (German).
Infrastructure Evergreen | Performance |
Infrastructure VI | Performance |
Infrastructure V | Performance |
Infrastructure IV | Performance |
Infrastructure III | Performance |
Infrastructure II | Performance |
Infrastructure I | Performance |
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