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.