CBRE Clarion, Alceda to launch listed infra fund

The vehicle is set to hit the market in the coming weeks through Alceda’s UCITS platform in Luxembourg.

Listed infrastructure fund manager CBRE Clarion Securities (CBRE) is teaming up with Alceda to launch a UCITS fund vehicle in the coming weeks, according to a CBRE statement.

The announcement falls in line with Alceda's strategy to work with larger scale asset managers as well as CBRE's aim of making its global listed infrastructure strategy available to European and Asian institutional investors, the statement noted.

UCITS, or Undertakings for Collective Investments in Transferable Securities, is a single European regulatory framework that makes it possible for managers to market an investment vehicle across the EU regardless of where it is domiciled.

Alceda chief executive said CBRE's “solid reputation and track record will generate significant interest from international institutions seeking to access the proven investment strategy of a leading manager in the infrastructure space in a liquid and regulated UCITS format”. 

Alceda is a fund administrator and part of Germany's  Aquila Group , a European and Asia-Pacific focused asset manager with over €7.1 billion under management as of December 2015. 

CBRE is a Philadelphia-based manager with $20.8 billion in assets under management operated by American real estate firm CBRE Group. It formerly belonged to Dutch lender ING Group.