Bankinter Investment Sgeic, the bank’s alternative asset manager, has launched its first fund for this investment strategy, open to subscriptions starting at 10,000 euros and with delegated management, as reported this Monday in a statement. The entry into force of the ‘Crea y Crece’ law has made it possible to reduce the access threshold from 100,000 euros to 10,000, which allows retail investors to enter this type of product after registering it with the CNMV.
This first fund will be able to invest in assets from sectors such as renewable energy, infrastructure, logistics, student residences, hotels, commercial areas, technology or venture capital, among others. According to Bankinter, these types of investments are longer term and more illiquid. In exchange for these disadvantages, they have less connection with financial markets and economic cycles, in addition to favoring “the diversification and balance of family savings.”
Since 2016, Bankinter Investment has successfully launched 20 alternative investment vehicles with a capital committed by investors of more than 4,000 million euros which, including associated financing, currently represents a portfolio of under-managed assets of more than 7,000 million and will bring the 10,000 million once all the vehicles are 100% invested.
With this, they seek to strengthen their investment activity in illiquid assets, which has been in operation since 2016 and accounts for 4,000 million in raised capital. Throughout this period, the total value of the investments exceeds 7,000 million and they have distributed 800 million in dividends. With its latest launch, Bankinter Investment has 20 vehicles that operate in twelve countries.
From the manager they assure that it can offer an average return of between 7 and 8% throughout the period. The person will have to make contributions every three or four years and must keep the money for a minimum of 10 years. This new product has the potential to reach 100,000 customers, compared to the current 5,000 due to limitations, since until now it was only reserved for large fortunes.
