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Allianz Capital Partners GmbHLU2802865670Class A Distributing
The Allianz ELTIF invests side by side with the Allianz group's own capital in global infrastructure — predominantly equity through target funds and co-investments, as an ELTIF 2.0, launched in 2024.
The strictest combination among the infrastructure ELTIFs: a three-year minimum holding period, a full year's notice, subscription and redemption only quarterly; the limit is measured against the liquid assets, and excess orders lapse. The recommended holding period is ten years.
Subscription from EUR 10,000 for long-term-oriented retail investors and professional investors; registered in roughly seventeen countries, including Germany.
The co-investment promise alongside one of the world's largest infrastructure investors is the argument — paid for with terms closer to closed-end structures: anyone subscribing here should treat exit as the exception, not a feature.
Figures for class A Distributing (LU2802865670) · product data 19 Aug 2026 · sources: prospectus (as at November 2025 (file name 4 Dec 2025)), PRIIPs-KID — full list under 08 documents.
Outdated (Apr 2026)
13 monthly values, 2 derived from monthly returns · Source: secondary source (data portal) · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results.
What the prospectus permits: Fund of funds/multi-manager approach: investment in illiquid target funds and co-investments alongside institutional investors; the target funds invest in equities/participation rights and debt securities in connection with infrastructure projects.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
6 holdings; the five largest account for 69.3% of the fund. 27.0% is held in the liquidity reserve.
How the reserve is invested: BNP Paribas Insticash EUR 1D LVNAV 26.5%.
Among the largest positions: 3 co-investments, 3 primary funds, 1 fund interest.
Semi-liquid Allianz evergreen fund with a globally diversified portfolio of infrastructure, private debt and private equity.
maincubes is an operator of colocation data centers headquartered in Frankfurt am Main, with sites in Germany and other European countries.
Vårgrønn is a Norwegian offshore wind investor and developer based in Oslo, established as a joint venture of Eni Plenitude and HitecVision.
Coastal Virginia Offshore Wind is an offshore wind farm of around 2.6 GW with 176 turbines off Virginia Beach (USA), developed and operated by Dominion Energy.
Credit fund of HPS Investment Partners (New York, part of BlackRock since 2025) that provides debt financing to energy transition and sustainable infrastructure companies and projects.
KKR's fifth global flagship infrastructure fund, acquiring value-add and core-plus infrastructure in energy, transport, digital infrastructure and utilities worldwide.
Energy transition infrastructure fund of I Squared Capital, an infrastructure manager headquartered in Miami.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.86%, class A Distributing is well above the median of the asset class (2.42%). On top comes a performance fee of 10% above a hurdle of 6% — without a high-water mark.
For 10,000 EUR this means roughly 286 EUR per year.
For 10,000 EUR, a one-off up to 500 EUR on purchase.
Based on the PRIIPs key information document of class A Distributing, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed quarterly. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 20 business days later.
Price = NAV per share on this day.
Calculation on each valuation day (last business day of the quarter).
after NAV publication: 4 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | quarterly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | quarter-end |
| Cut-off | 5 business days before dealing day · 17:00 CET · (before the anchor date) |
| Price | valuation day |
| NAV publication | Calculation on each valuation day (last business day of the quarter); publication generally 20 business days thereafter or on a date considered appropriate by … |
| Payment | after NAV publication: 4 business days after NAV publication |
| Minimum investment | 10,000 EUR |
| Entry charge (max.) | 5% (distributor) |
| Revocation | Retail investors may cancel free of charge within 2 weeks of submitting the request to the distributor |
| Business day | 'a day on which banks are open for business in Luxembourg, except as otherwise defined in the relevant Sub-Fund Supplement'. |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 36 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption request at least 12 months before the intended redemption day, cut-off 17:00 CET on the last …
Price = NAV per share on this day.
Redemption on any valuation day after a three-year minimum holding period and twelve months' notice.
NAV publication
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
An exit is possible after three years at the earliest — arithmetically 1542 days from decision to cash.
Rank 103 of 112 · rank 18 of 23 in Infrastructure · 36 months lock-up · no fixed redemption fee
Money typically only after more than a year — on average 448 days from decision to cash.
36 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 4 Dec 2025 · score run 16 Oct 2026 · How 1542 days become 0 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 12 months before redemption day · 17:00 CET |
| Price | valuation day |
| Payout | 5 business days after NAV publication |
| Gate | 40% of available liquidity per redemption day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | investor-level, 36 months (subscription) |
| Suspension | market/trading disruption, missing price sources, force majeure |
| Liquidity tools | Lock-up 3 years, 12 months notice period, gate 40% of the liquid assets, automatic carry-forward, suspension, redemption in kind possible |
| Switch / transfer | only with the prior written consent of the General Partner (exceptions for certain institutional transfers), no exchange trading |
| Compulsory redemption | in the case of a Prohibited Investor or Defaulting Investor, and also where the residual portfolio is uneconomic (compulsory redemption of all investors) |
Redemption on any valuation day after a three-year minimum holding period and twelve months' notice. The volume is limited per redemption date to 40% of the sub-fund's LIQUID INVESTMENTS (not a NAV ratio). Requests in excess are met on a pro-rata basis.
The redemption limit is not a NAV ratio: the aggregate amount of redemptions permitted on a redemption date is limited to 40% of the sub-fund's LIQUID INVESTMENTS. Requests in excess are met pro rata; portions not satisfied are carried forward and - irrespective of the request date - executed pro rata BEFORE the regular requests of the next redemption date, in each case again limited to 40% of the liquid …
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
10 classes. All cost and risk figures on this page refer to the basis class A Distributing.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) | 16 Apr 2026 | — |
| Annual / semi-annual report | 31 Dec 2025 | — |
| NAV series secondary source (data portal) | 30 Jun 2026 | Performance (01) |
| Positions and reserve | 30 Jun 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, notice period 12 months before redemption day, with 40% gate per redemption day. Subscribing today, it takes on average 1542 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.86% p.a. according to the PRIIPs KID for class A Distributing; the median of the Infrastructure funds in this database is 2.42%; plus a performance fee of 10%.
10,000 EUR in class A Distributing.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Allianz Global Infrastructure ELTIF. Under the prospectus a gate of 40% per redemption day applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.