Russell Investments and iCapital offer a rare opportunity for high-net-worth individuals
Canadian accredited investors now have access to private global infrastructure opportunities through a new fund launched by Russell Investments Canada Limited in collaboration with iCapital Network Canada Ltd.
The Russell Investments iCapital Global Unlisted Infrastructure Fund L.P. will primarily invest in the Russell Investments Global Unlisted Infrastructure Fund S.C.A., SICAV-RAIF. Around 85-90% of the Access Fund’s assets will be allocated to the Underlying Fund, while 10-15% will remain in liquid investments, such as high-interest savings accounts, to facilitate redemptions.
Michael Steingold, director of private markets at Russell Investments, said the decision to launch a fund was driven by growing demand for private market solutions among high-net-worth investors.
“In partnership with iCapital, we are very excited to introduce an open-ended unlisted infrastructure fund in Canada that provides eligible Canadian accredited investors with access to top-tier investment managers, with quarterly subscription options and liquidity access.”
The Underlying Fund takes an actively managed approach, focusing on infrastructure assets that provide essential services to communities and businesses. Its diversified portfolio spans multiple sectors and regions, offering co-investments and exposure to specialist fund managers, which are typically inaccessible to retail investors.
“Our innovative technology and service offering features seamless and secure end-to-end alternative investing capabilities that include digital fulfillment, administration, document management, reporting and a full suite of educational materials,” said Tom Johnston, managing director of international client Solutions at iCapital Canada.
Domiciled in Luxembourg, the Underlying Fund currently invests in assets managed by six investment managers and is focused on infrastructure solutions that address evolving social and economic demands. As new capital flows in, Russell Investments plans to continue expanding its portfolio through additional co-investment opportunities.
