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Dechert advised Union Investment on the establishment of “UniAlternativ: Privatmarkt ELTIF A” a European long-term investment fund (ELTIF) aimed at retail investors in Germany.
The fund provides access to three key private markets strategies: infrastructure, private debt and private equity assets throughout Europe and the U.S. The fund is targeted towards building a portfolio consisting of 60 to 90 investments across the aforementioned key strategies during an investment period of up to four years. Launched jointly with BlackRock, the ELTIF is only the second fund of its kind to be exclusively established for the German retail market. Union will provide services as an AIFM and BlackRock will manage the portfolio.
The German-Luxembourgish Dechert team...
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