Amundi, the European asset manager, announces the launch of Amundi Private Markets ELTIF, an evergreen solution enabling savers to access investment opportunities in European private markets while supporting transitions.
Interest in private market investment products is reportedly continuing to “grow in all markets.”
Institutional investors, seeking attractive returns and moderate volatility over the long term, continue to increase their “allocations in these asset classes.”
Retail investors are also looking to access the opportunities offered by private markets to “diversify their long-term investment strategies.”
This is being supported by regulators, for example with the implementation of the ELTIF 2.0 regulation that lowers the “minimum investment threshold,” adapts liquidity options, and expands the range of “eligible asset classes.”
AMUNDI PRIMA offers diversified investment opportunities through a flexible allocation between private equity, private debt and infrastructure.
These investments inherently present risks, “particularly in terms of capital loss, liquidity and valuation.”
The fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR) and enables investors to have a contribution on Europe’s real economy, supporting “transitions” such as:
- Ecological and digital (Infrastructure for the production of renewable energy, energy grids and storage systems or electric mobility…);
- Societal and digital (cyber security, biotechnologies in healthcare…);
- Territorial and digital (urban projects, “smart cities”, infrastructure for the connection of rural and urban areas…);
AMUNDI PRIMA mobilises all channels to access private markets and “makes primary investments, co-investments and secondary investments.”
AMUNDI PRIMA offers investors the possibility of monthly subscriptions with a minimum investment threshold “of €1000 and conditional quarterly redemption windows.”
The fund is now reportedly available for investors in the following countries: Luxembourg, Austria, Belgium, Denmark, Finland, Germany, Italy6, Ireland, Netherlands, Norway, Spain, Sweden and United Kingdom.
Lionel Paquin, Deputy Head of Alternative and Real Assets at Amundi: said that AMUNDI PRIMA meets savers’ growing need to “diversify their long-term investments.”
Paquin added that it represents a turnkey, “evergreen2 solution that makes private markets easily accessible. With the strengthening of its multi-management platform Amundi Alpha Associates, Amundi aims to continue its strategic development in private markets and offer all its clients ever more innovative solutions tailored to their objectives.”
Since the acquisition of Alpha Associates, Amundi Alpha Associates has been Amundi’s private market multi-management platform.
A European player in this field, with a team of 70+ professionals, appr. €20 billion in AuM and an “open-architecture” range covering private debt, infrastructure, private equity and venture capital, “in primary, secondary and co-investment transactions.”
Amundi Alpha Associates offers solutions to Amundi’s institutional clients and is accelerating the development of private market products.