A man is wearing a black suit without a tie and a pocket square. He is standing in front of a marbled wall.

infraVestInvestment that connects

infraVest1 is Commerz Real’s infrastructure investment - previously reserved for institutional investors, now also for private investors.
Integrated smart city energy and infrastructure system

Investing in infrastructure

Radio towers, bridges, rails, fibre optic networks, hospitals, roads, social facilities: infraVest is investing in the infrastructure that Germany and Europe need for the future. As an ELTIF (European Long-Term Investment Fund), the fund also makes this asset class accessible to retail investors.

Germany will have an infrastructure investment requirement of 1.3 trillion euros by 2040.2 infraVest is investing in this structural gap: with a long-term target return of 5 to 6 percent p.a.3

infraVest in figures

ISIN LU3225203366
WKN NFV100
  • 5-6% p.a. 
    Target return3
  • 2.12.2025
    Fund launch
  • around 265 million euros
    Fund volume since sales start January 2026
All infraVest key figures at a glance

Product leaflet

Download | March 2026
From the portfolio

First investment: ATC Europe, Germany/Europe

Together with Allianz Global Investors, infraVest has acquired a stake in ATC Europe, one of Europe’s leading radio tower operators with over 30,000 sites, of which around 15,000 are located in Germany. Digital infrastructure is not a short-term trend, but the foundation for competitiveness and economic sovereignty.
Discover infraVest
A transmitter mast with antennas in front of a pastel sunset sky.
A man is wearing a black suit without a tie and a pocket square. He is standing with one arm leaning on a barrier in front of the framed initials of Commerz Real and a lampshade.
Sandro Berweiler
Fund manager infraVest
By participating in ATC Europe, we are opening up access for infraVest to one of Europe’s leading radio tower operators - a suitable starting point for a long-term infrastructure portfolio.

News from infraVest

Infrastructure with communication tower and buildings
Infrastructure
What keeps the world running - now also as an investment.
Modern wedge rope bridge with clear lines against a blue sky, diagonal perspective.
News Releases
infraVest: Commerz Real launches infrastructure fund for private investors
Power poles stand on a wide field under a blue sky with isolated clouds.
News Releases
Amprion holding: klimaVest invests in electricity grids

The opportunities of infraVest

  • Convenient and easy investment in infrastructure projects
  • Opportunity to participate in structural expansion and modernisation needs in the long term through investment in essential infrastructure projects
  • Strives for broad risk diversification across different countries, locations and infrastructure sectors (e.g. transport, utilities and disposal, communications, energy or social infrastructure) as well as within infrastructure sectors (e.g. data centres, mobile telephone masts and fibre optic networks in the communications sector)
  • Opportunity to achieve stable returns based on long-term contracts
  • Independence from short-term stock market fluctuations
  • Professional asset and fund management

The risks of infraVest

  • The value of infrastructure investments and liquidity investments may fluctuate
  • Despite extensive currency hedging, a residual currency risk remains
  • Distributions may not be made
  • Certain conditions apply to the redemption of units4
  • The limited marketability of illiquid investments in tangible assets entails the risk of a temporary suspension of the redemption of shares up to the orderly dissolution of the fund in the event of liquidity bottlenecks
  • Construction and development risks in infrastructure projects, such as price fluctuations in building materials

Website legal notice

This is a marketing ad. Please read the prospectus and the key information document of infraVest before making an investment decision. This and other documents (e.g. the current annual and semi-annual report) can be obtained free of charge in German in written or file form from your adviser or directly from Commerz Real Fund Management S.à r.l. You can also download the documents from the Internet at infravest.com/downloads/. Further information on sustainability-relevant aspects (according to the Disclosure Regulation) can be found at crfm.commerzreal.com/. You can find a summary of your investor rights online in German at infravest.com/rechtliche-hinweise/. Commerz Real Fund Management S.à r.l. has the right to decide at any time to revoke the cross-border distribution of infraVest. This website is for information purposes only and does not constitute an individual investment recommendation or an offer to buy or sell securities or other financial instruments.

1The fund management company is Commerz Real Fund Management S.à r.l.

2Source: G20 Global Infrastructure Outlook, https://outlook.gihub.org/, as of February 10, 2026.

3Based on the long-term (> 5 years) investment horizon of infraVest. Adjustments to the target return may arise due to changes in the individual markets or as a result of other influencing factors. Calculated using the BVI method (excluding initial charge, distribution reinvested immediately). Target return statements are not indicative of future returns.

4No redemptions will be possible during the first year following the Fund’s inception date, unless an earlier redemption option is announced by the Management Company. The return period is 12 months. Redemptions are limited to 50% of the Fund’s liquidity on the relevant redemption date.