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YIELCO: nearly EUR 600 million for infrastructure fund

23. Janu­ary 2020

Munich — YIELCO Invest­ments AG, a specia­list inves­tor in alter­na­tive invest­ments, has successfully further expan­ded its infra­struc­ture equity fund of funds stra­tegy and announ­ces the successful final subscrip­tion closing of the multi-mana­­ger program YIELCO Infra­struk­tur II as well as the launch of two infra­struc­ture manda­tes tota­ling almost EUR 600 million. In addi­tion, YIELCO streng­thens its acti­vi­ties in Switz­er­land by opening a loca­tion in Pfäf­fi­kon (SZ) and gains another private markets expert for its Advi­sory Board.

YIELCO Invest­ments AG, a finan­cial services provi­der specia­li­zing in invest­ment solu­ti­ons (multi-mana­­ger programs) in the infra­struc­ture, private debt and private equity sectors, announ­ced on Decem­ber 19, 2019 the final closing of its infra­struc­ture multi-mana­­ger program “YIELCO Infra­struc­ture II” at approx. EUR 310 million was carried out. In addi­tion, two large insti­tu­tio­nal infra­struc­ture manda­tes of EUR 280 million were recently won, brin­ging YIELCO’s total new funds successfully raised for its infra­struc­ture stra­tegy to almost EUR 600 million.

For the follow-up program to the very successful first program concluded in Decem­ber 2016, the
infra­struc­ture fund of funds, a broad group of German and Swiss insti­tu­tio­nal inves­tors was once again won over. With ten fund subscrip­ti­ons amoun­ting to approx. EUR 270 million, YIELCO Infra­struc­ture II is alre­ady in the final third of its commit­ment cycle. The fund of funds, which focu­ses prima­rily on Europe and the USA, will have a diver­si­fied port­fo­lio of approx. 12 fund holdings in mana­gers (some with rest­ric­ted access) and thus build up more than 150 under­ly­ing infra­struc­ture invest­ments. Invest­ments are broadly diver­si­fied globally across diffe­rent sectors, stra­te­gies and multi­ple commit­ment years. The invest­ment focus here is on brown­field and core+, with a prono­un­ced focus on small-mid market tran­sac­tions. The launch of the follow-up program YIELCO Infra­struc­ture III is plan­ned for the summer of 2020.

Uwe Fleisch­hauer, foun­ding part­ner and board member of YIELCO Invest­ments AG, comm­ents: “Both gene­ra­ti­ons of the YIELCO infra­struc­ture programs show a very plea­sing return deve­lo­p­ment that exceeds the origi­nal plans. Thanks to its many years of expe­ri­ence and broad rela­ti­onship networks, YIELCO has once again succee­ded in buil­ding up a port­fo­lio of high-quality fund mana­gers — despite incre­asing compe­ti­tion and access rest­ric­tions. YIELCO’s focus is on expe­ri­en­ced fund mana­gers who proac­tively imple­ment value enhance­ment measu­res at their port­fo­lio compa­nies, buy below market average and aim for mode­rate leverage. We thank our inves­tors for the trust they have placed in us and look forward to a long-term and successful partnership.”

In addi­tion, YIELCO announ­ces the geogra­phi­cal expan­sion of its acti­vi­ties into Switz­er­land. As of Janu­ary 20, 2020, YIELCO has opened an office in Pfäf­fi­kon (SZ) under the manage­ment of Mr. Marc Schulz. Marc Schulz joins YIELCO as a new member of the manage­ment team and was previously branch mana­ger of a Swiss univer­sal bank. Prior to that, he spent more than 10 years at the leading univer­sal bank in the Canton of Zurich, where he held a manage­ment posi­tion in the private client busi­ness. Dr. Peter Laib, Chair­man of the Super­vi­sory Board of YIELCO Invest­ments AG comm­ents: “We are plea­sed to now be able to support our Swiss inves­tors directly with a local team in the imple­men­ta­tion of their alter­na­tive invest­ment stra­te­gies. With Marc Schulz we streng­then oursel­ves with an expert with proven local finan­cial market expe­ri­ence of over 20 years.”

In addi­tion, the addi­tion of Ms. Tanja Gharavi to the YIELCO Indus­try Advi­sory Board was another high-profile addi­tion. Ms. Gharavi was most recently respon­si­ble for invest­ments at Hambur­ger Pensi­ons­ver­wal­tung (HPV) until 2019. Here, it deve­lo­ped and imple­men­ted an inno­va­tive invest­ment stra­tegy with a high propor­tion of private market invest­ments as early as 2001. Previously, Ms. Gharavi was respon­si­ble for mana­ging assets at C.H. Donner Bank, Metz­ler Invest and Beren­berg. Dr. Peter Laib, Chair­man of the Super­vi­sory Board of YIELCO Invest­ments AG, comm­ents: “With Ms. Gharavi we are gaining another expert with many years of expe­ri­ence in the field of capi­tal invest­ments and the private markets for the inter­na­tio­nal YIELCO Indus­try Advi­sory Board. The inten­sive exch­ange with the
members of the Advi­sory Board allows us to add addi­tio­nal value e.g. gene­rate in evalua­ting econo­mic condi­ti­ons and invest­ment oppor­tu­ni­ties for our investors.”

About YIELCO Invest­ments AG
YIELCO is an inde­pen­dent, global, specia­li­zed inves­tor and service provi­der in the field of alter­na­tive invest­ments. As of Q1 2020, the company mana­ges over EUR 3.8 billion in capi­tal commit­ments from insti­tu­tio­nal inves­tors and family offices for the infra­struc­ture, private debt and private equity segments. In the infra­struc­ture sector, YIELCO mana­ges around EUR 1.5 billion in inves­tor funds, mostly for invest­ments in the USA and Europe.

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