Fund database › Infrastructure
HanseMerkur Trust AG · LU3134353856
ELTIF 2.0 Infrastructure Luxembourg Article 6 2 share classes ↓ Secondaries Co-Investments Primaries / Target Funds
Unit price (NAV) in EUR · share class C · 2 data points
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
Target return per the provider: around 12 % p.a. targeted; PRIIPs moderate scenario 13.12 % p.a. over 10 years (KID 15 Jan 2026)
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 6 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 3.10% |
| Total ongoing costs | 3.10% |
| Entry charge max. | 2.00% |
| Redemption fee | 0.00% |
| Performance fee | 10.00% |
| Hurdle rate | 10.00% |
| High-water mark | not documented |
Median across 19 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
quarterly
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; notice must be given 90 days before the date; for the first 36 months after subscription no redemption is possible.
quarterly, for the first time after the 3-year ramp-up phase has expired
Hard gate: max. 33.33 % of the sum of expected 12-month cash flows and liquid investments per redemption date; applications exceeding this are met pro rata and automatically carried forward to the next date
3 months: the redemption application must be submitted at least 3 and at most 6 months before the quarterly redemption date.
Lock-up period 36 months from ELTIF authorisation (ends 30 Mar 2027); a matching application may be submitted as early as 1 year after the start of distribution
2 classes known. All cost and risk figures on this page apply to LU3134353856. Minimum investment by class EUR 5 – EUR 1,000.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3134353856 | basis of this page | EUR 5 | 3.10% | 6/7 |
| LU3134353773 | not yet collected | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Hauck & Aufhäuser Fund Services S.A. (HAFS), Luxembourg; depositary: Hauck Aufhäuser Lampe Privatbank AG, Luxembourg branch; supervisory authority: CSSF
ELTIF authorisation by the CSSF on 24 Sep 2025 (launch year 2025); launch announcement by HAFS on 23 Apr 2026; fund term 12 years with two extension options of 1 year each
Listed as “HanseMerkur Digital Infrastructure ELTIF S.C.A., SICAV“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70175111
Professional, semi-professional and retail investors, in each case after passing a suitability assessment
Germany
EXPLICIT DOUBLE CHARGING: the ELTIF is constructed as a fund of funds ('Fund of Funds') and invests in selected strategies of specialist digital infrastructure asset managers. Alongside the ELTIF level (AIFM HAUCK & AUFHÄUSER FUND SERVICES S.A., investment manager/investment adviser HanseMerkur Trust AG), management fees and carried interest of the target managers are incurred at target-fund level; added to this is the project/asset company level of the greenfield data centres. Any offsetting/rebate is not documented (not documented)
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.
KKR
ELTIF quarterly
Meridiam
FPS (ELTIF authorisation applied for)
Partners Group
ELTIF 2.0 quarterly
UBS Asset Management Switzerland AG
ELTIF 2.0 quarterly