Amundi, the leading European asset manager, announces the launch of Amundi Private Markets ELTIF (AMUNDI PRIMA[1]), an evergreen[2] solution enabling savers to access investment opportunities in European private markets while supporting transitions.
Interest in private market investment products is continuing to grow in all markets. Institutional investors, seeking attractive returns and moderate volatility over the long term, continue to increase their allocations in these asset classes. Retail investors are also looking to access the opportunities offered by private markets to diversify their long-term investment strategies. This dynamic is being supported by regulators, for example with the implementation of the ELTIF 2.0 regulation[3] that lowers the minimum investment threshold, adapts liquidity options, and broadens the range of eligible asset classes
An evergreen solution to drive transformative growth in Europe
AMUNDI PRIMA offers diversified investment opportunities through a flexible allocation between private equity, private debt and infrastructure. These investments inherently present risks, particularly in terms of capital loss, liquidity and valuation[4].
The new fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR) and enables retail and professional investors to have a contribution on Europe's real economy, supporting major transitions such as:
- Ecological and digital (Infrastructure for the production of renewable energy, energy grids and storage systems or electric mobility…);
- Societal and digital (cyber security, biotechnologies in healthcare…);
- Territorial and digital (urban projects, “smart cities”, infrastructure for the connection of rural and urban areas…);
AMUNDI PRIMA mobilises all channels to access private markets and makes primary investments, co-investments and secondary investments. AMUNDI PRIMA offers investors the possibility of monthly subscriptions with a minimum investment threshold of € 1000 and conditional quarterly redemption windows[5]. The fund is now available for investors in Luxembourg, Austria, Belgium, Denmark, Finland, Germany, Italy[6], Ireland, Netherlands, Norway, Spain, Sweden and United Kingdom[6].
Since the acquisition of Alpha Associates in February 2024, Amundi Alpha Associates has been Amundi's private market multi-management platform. A leading European player in this field, with a team of more than 70 experts, around €20 billion in assets under management[7] and an open-architecture range covering private debt, infrastructure, private equity and venture capital, in primary, secondary and co-investment transactions. Amundi Alpha Associates offers tailor-made solutions to Amundi's global institutional clients and is accelerating the development of private market products for individual clients.
Contact
[1] Private Markets
[2] A fund without a predetermined lifespan, where investors can enter and exit the fund on a regular basis on a predetermined schedule, subject to conditions
[3] New European Long-Term Investment Funds Regulation. Regulation (EU) 2023/606
[4] Please refer to the AMUNDI PRIMA prospectus for a detailed list of risks
[5] Please refer to the fund’s legal documentation for further detail
[6] In Italy and United Kingdom and in the fund is only available for institutional investors
[7] Amundi data as at 30/06/2024
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