Fund database › Infrastructure
Partners GroupLU3307226491Class I USD ACC
Partners Group's infrastructure ELTIF targets direct investments and secondaries with a balanced Europe-North America split — the retail access to the house's infrastructure platform, launched in 2026, accumulating.
Monthly subscription; quarterly redemption with roughly two months' notice; the quarterly gate is set tighter than the field standard and additionally tied to the liquid assets. Redemptions are excluded in the first year from authorisation.
The main share class covered here is sized for institutions; retail classes exist in broad distribution — roughly twenty-seven countries including Germany are registered.
The fourth retail building block of the Partners Group matrix: after PE, multi-asset and the professional vehicles, now infrastructure in an ELTIF — no other manager covers the semi-liquid spectrum this completely.
Figures for class I USD ACC (LU3307226491) · product data 19 Aug 2026 · sources: prospectus (as at August 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Jun 2026, the unit price has gained 0.2% (cumulative, 0.2 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
2 monthly values · 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. series incomplete (2/3 months).
What the prospectus permits: The focus is on direct investments (target allocation 50-80%) and secondaries (10-30%), supplemented by selected primaries; in addition there is a liquidity ratio of 10-20%.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
10 holdings; the largest are Middle River Power, Life Cycle Power, Techem. 7.4% is held in the liquidity reserve — enough for 7 months of maximum redemptions.
Focus according to fund documents: n/a
Focus according to fund documents: Europe 40%, North America 40%, Other / unallocated 20%
Among the ten largest: 6 equity holdings, 3 LP secondaries, 1 co-investment.
Middle River Power is a US independent power producer (IPP) with gas-fired power plants that are being expanded with on-site battery storage into “Hybrid Centers” for the energy transition.
Life Cycle Power is a US provider of mobile, distributed natural gas and multi-fuel power generation, supplying generating capacity on a rental and temporary basis.
Techem is a submetering service provider based in Eschborn that measures and bills heat and water consumption in rental apartments and also offers smoke detectors and drinking water …
International Schools Partnership (ISP), a group of private K-12 schools founded by Partners Group in 2013 and headquartered in London.
Southern Water is the regulated water and wastewater utility for South East England (Kent, Sussex, Hampshire, Isle of Wight), headquartered in Worthing.
Inflection secondary in a Southern European core infrastructure fund of the 2017 vintage; the fund and manager are not named.
LP secondary in two globally diversified infrastructure funds of the 2020 vintage, acquired by Partners Group from an existing investor.
EdgeCore Digital Infrastructure develops, owns and operates large hyperscale data center campuses in the United States, leasing their capacity to cloud and technology companies.
Inflection secondary in a European mid-market digital infrastructure fund (vintage 2026).
Co-investment combined with a late primary commitment (vintage 2025) in a European inflection portfolio focused on modular buildings, logistics and waste management.
Positions and shares according to the provider; weights of the holdings are not reported; short descriptions by semiliquid.info from public sources; 0.6% is not allocated to any block in the source; holdings as at 28 Feb 2026, reserve as at 30 Jun 2026; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 3.80%, class I USD ACC is well above the median of the asset class (2.42%). On top comes a performance fee of 15% above a hurdle of 5% — with a high-water mark.
For 1,000,000 USD this means roughly 38,000 USD per year; the cheapest class with a cost figure is X1 USD ACC (1.31%, from 1,000,000 USD).
For 1,000,000 USD, a one-off up to 50,000 USD on purchase and up to 30,000 USD on redemption.
Based on the PRIIPs key information document of class I USD ACC, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed and is published only 21 business days later.
The Board may at its discretion set a different Notice Period and Cut-off time.
Price = NAV at the end of the previous month.
NAV usually available on the 21st business day after the Dealing Day.
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 | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st business day of the month |
| Cut-off | 25 business days before dealing day · 17:00 Luxembourg · (before the anchor date) |
| Price | previous month-end |
| NAV publication | NAV usually available on the 21st business day after the Dealing Day; valuation day last calendar day of the month, Valuation Point close of business |
| Payment | after NAV publication: 4 business days after NAV publication |
| Minimum investment | 10,000 USD |
| Entry charge (max.) | 5% (Fund) |
| Revocation | not addressed; in the event of a suspension the request may be withdrawn until the end of the suspension |
| Business day | banks open the whole day for non-automated business in Luxembourg, unless otherwise stated in a Supplement (p. 17); Supplement 2 does not define differ |
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 12 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption day = 1st business day after the valuation day of each calendar quarter.
NAV per unit less redemption fee (up to 3%)
Quarterly gate: 3% of the NAV of the units outstanding at the end of the preceding quarter, aggregated across …
No date can be calculated from the captured rules — a determinable valuation day is missing. Shown are the prospectus figures.
Money typically only after more than a year — on average 415 days from decision to cash.
Rank 111 of 112 · rank 23 of 23 in Infrastructure · 8 months lock-up · exit costs of 3.0% included
Money typically within half a year — on average 172 days from decision to cash.
8 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence medium — waiting time approximated · prospectus as at 15 Aug 2026 · score run 16 Oct 2026 · How 415 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 | special rule, see prospectus |
| Notice | 65 business days before redemption day · 17:00 Luxembourg |
| Price | quarter-end |
| Payout | 4 business days after NAV publication |
| Gate | 3% gross of NAV at the previous quarter-end per quarter; only to the extent that sufficient UCITS-eligible assets are available on the Dealing Day … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 3% (24 months, cliff (lapses after the period)) |
| Lock-up | fund-level, 12 months (fund authorisation) |
| Suspension | market/exchange closed; price sources unavailable; Force Majeure |
| Liquidity tools | Redemption fee and redemption in kind as LMTs under Art. 16(2)(b) AIFMD; in addition suspension and Side Pockets |
| Switch / transfer | permitted to transferees meeting the eligibility criteria; the fund may refuse a transfer |
| Compulsory redemption | in the case of a Prohibited Person, failure to meet the Eligible Investor criteria, Late Trading/Market Timing, or failure to maintain the minimum holding |
Quarterly gate: 3% of the NAV of the units outstanding at the end of the preceding quarter, aggregated across all share classes, applied to redemptions including the related conversions and the planned distributions; in addition, sufficient UCITS-eligible assets under Option 1 of Annex I to the ELTIF Delegated Regulation must be available on the dealing day (marketing material: 33.3% of those assets).
3% of NAV per calendar quarter, aggregated across all share classes and including planned distributions. The manager may increase or suspend the limit. X1 class: in the first three years only up to the amount of the subscriptions satisfied on the same Dealing Day (matching principle).
Data as at 19 Aug 2026 · Documents: 08.
3 classes. All cost and risk figures on this page refer to the basis class I USD ACC; the cheapest class with a cost figure is X1 USD ACC (1.31%, from 1,000,000 USD).
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. The risk indicator differs by class (3 to 4); the key figures show the value of the basis class.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus | Aug 2026 | — |
| Document | Jun 2026 | — |
| Presentation | 28 Feb 2026 | — |
| Key information document (PRIIPs KID) | 7 Jul 2026 | — |
| Annual / semi-annual report | 31 Dec 2024 | — |
| NAV series secondary source (data portal) | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 28 Feb 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 65 business days before redemption day, with 3% gate per quarter.
Ongoing costs of 3.80% p.a. according to the PRIIPs KID for class I USD ACC; the median of the Infrastructure funds in this database is 2.42%; plus a performance fee of 15%.
1,000,000 USD in class I USD ACC.
Not as a retail investor. According to our evidence, in Germany it is open only to professional and institutional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Partners Group Private Infrastructure Opportunities. Under the prospectus a gate of 3% per quarter applies.
Same asset class, similar sub-strategy.
Aquila Capital Investmentgesellschaft mbH · ELTIF 2.0 · monthly
Allianz Capital Partners GmbH · ELTIF 2.0 · quarterly
Blackstone · ELTIF 2.0 · quarterly
Brookfield Asset Management · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.