Currently only available to professional investors based in the U.K., the Russell Investments Global Unlisted Infrastructure Fundii gives exposure to a global infrastructure portfolio diversified across sectors, geographies, revenue structures and transaction types with a target return of CPI +4%. It aims to provide investors with access to assets that possess a significantly strong competitive position and an ability to deliver long-term sustainable cashflows. With a core-plus focus, the fund combines different risk profiles into a single portfolio, from the income-only Super-Core segment to the long-term growth-focused Value-Add segment.
The Fund is positioned to take advantage of key trends in infrastructure, many of which, such as the development of new technologies and approaches to meet social and economic needs, were accelerated by the COVID-19 pandemic. These trends include:
- Improvements in data technologies to meet a substantial increase in cellular traffic arising from greater mobile device adoption
- Increased internet and cloud computing usage
- Growing reliance on renewables to combat climate change
- Enhancements to transportation infrastructure in response to population growth and urbanisation.
Russell Investments believes investment opportunities tied to these trends can offer exposure to stable sources of income, with a high level of inflation protection and a low correlation to other asset classes.
A longstanding alternatives specialist, Russell Investments has managed private markets portfolios for 40 years. It launched its first open-ended private real estate fund in 1984 and first private infrastructure fund in 2006. The firm manages and advises US$ 114 billioniii in alternative investments. It currently monitors more than 8,000 private markets products globally.
Commenting on the launch of the Global Unlisted Infrastructure Fund, Michael Steingold, Portfolio Manager, Private Markets at Russell Investments, said:
“Whilst having a positive benefit for society, exposure to new infrastructure projects offers investors access to sustainable sources of income to help them meet their long-term goals. We believe the Global Unlisted Infrastructure Fund provides a highly attractive solution, allowing investors to benefit from growing infrastructure need while also offsetting the effect of rising inflation.”Joe Linhares, Head of EMEA at Russell Investments, adds:
“We have seen strong demand for private markets solutions across the institutional and wealth management space, particularly for products that offer access to what has traditionally been a fairly limited marketplace. We are very excited to launch an open-ended unlisted infrastructure fund, providing access to top-tier managers with quarterly commitments and liquidity access in response to the evolving requirements of investors.”iSustainable Finance Disclosure Regulation
iiThe Russell Investments Global Unlisted Infrastructure Fund S.C.A., SICAV-RAIF
iiiRussell Investments, as of 30 June 2022
Russell Investments is a leading global investment solutions firm with $299.2 billion in assets under management (as of 30/06/2022) for clients in 32 countries. The firm provides a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 86-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve people’s financial security. Headquartered in Seattle, Russell Investments has offices in 19 cities around the world, including in London, New York, Tokyo and Shanghai.