As of the second half of the year, Patrimonium Investment Foundation offers attractive investment opportunities in all investment groups. In focus: the new infrastructure investment group.
New infrastructure investment category
Since 1 October 2020, Article 53 BVV 2 contains the independent investment category infrastructure, with a quota of 10% of total assets. This means that many Swiss pension funds are focusing even more on this investment category.
Infrastructure investments have good diversification properties and a low correlation to other investments. They are also associated with stable, predictable returns and partial inflation protection. The asset class is also characterized by a variety of investment profiles. These include sustainability criteria in particular.
Patrimonium Investment Foundation now offers an infrastructure investment group. The “Sustainable Infrastructure (evergreen)” investment group, designed specifically for Swiss pension funds, invests in unlisted sustainable infrastructure investments. It is set up in an evergreen format.
As a private market specialist, Patrimonium has been active in the infrastructure sector since 2015. The Railcar Investment Opportunity Funds (I and II) invest in the shift of freight transport from road to rail. The Patrimonium Climate Opportunity Fund – a Luxembourg fund closed under Art 9 SFDR – successfully launched in 2021, has already made 5 investments and comprises a portfolio of 48 infrastructure assets.
Like the fund, the new investment group “Sustainable Infrastructure (evergreen)” offers broad diversification (asset types, regions, sectors) and fast capital drawdowns. With a lower risk profile (Core/Core+), this investment group aims for a net target return of 6-8 % and a distribution of 3-5 % p.a. (from year 5, in EUR). As an evergreen structure, the investment group has no fixed maturity.
Find out more about the new investment group here (factsheet, prospectus, investment guidelines and capital commitment agreement under the heading “Documents”). Our Investor Relations team will be happy to advise you.
The investment group is open for capital commitments as of 1 September.
The real estate investment groups are open to capital commitments
Despite the raise in interest rates, the long-term prospects for the Swiss real estate market remain positive due to good overall conditions (structural housing shortage, national economy, stability).
Thanks to development projects and ongoing new construction projects, both real estate investment groups of the Patrimonium Investment Foundation (“Residential Real Estate Switzerland” and “Healthcare Real Estate Switzerland”) have value development potential and are aiming for further growth.
The portfolio of the “Residential Real Estate Switzerland” investment group is geographically well positioned and diversified in developed conurbations in the stable mid-price segment. Against the backdrop of a dwindling supply of housing, the large proportion of indexed rental contracts ensures rental income (protection against inflation) and the goal of an attractive, long-term investment return.
The “Healthcare Real Estate Switzerland” investment group is well anchored in a growing, attractive market. In addition to developments and new construction projects, selective acquisitions are also to be made. High EBIT margins (core-shell concept) and a good net cash flow yield of around 4% (distribution yield 3.72% in 2022) with long-term and fully indexed rental contracts (WAULT 17 years) make this investment group particularly attractive for investors with an affinity to the healthcare market.
Both investment groups are distributing with the possibility of free reinvestment.
Learn more about the investment group Healthcare Real Estate Switzerland and the investment group Residential Real Estate Switzerland (factsheet, prospectus and subscription documents under the heading “Documents”).
Contact our Investor Relations team to learn more about these real estate investment opportunities that are particularly suitable for pension funds.