Partners Group, Societe Generale Assurances, and Societe Generale Private Banking launch a private infrastructure fund available through life insurance policies

Partners Group, Societe Generale Assurances and Societe Generale Private Banking have joined forces to launch the fund Partners Group Infrastructures Privées^[1]. This innovative investment solution, available as a unit-linked option within life insurance policies, provides access to a diversified portfolio of unlisted infrastructure assets.

The launch of this fund responds to growing investor interest in diversifying assets. It provides access to infrastructure, an asset class historically reserved for institutional investors and supported by long-term structural trends such as the rise of artificial intelligence, the digitalisation of the economy, the electrification of transport, and the energy transition. Globally, infrastructure investment needs are estimated at more than EUR 100 trillion by 2040^[2].

For investors, infrastructure represents a diversifying asset class. Its sensitivity to economic cycles may differ from that of traditional asset classes, and certain infrastructure assets benefit from contractual or inflation-linked revenues. These characteristics may be attractive in a volatile market environment.

The fund is structured as an evergreen ELTIF specialised professional fund (FPS)^[3], with no predetermined maturity date. It enables eligible French individual investors to invest in a diversified portfolio of private infrastructure assets. Distributed in France by Societe Generale Private Banking, this unit-linked investment option, classified as Article 8 under the SFDR^[4], is available exclusively within Societe Generale Assurances life insurance policies. Like any investment in unlisted assets, this fund entails, in particular, a risk of capital loss and a liquidity risk^[5].

From launch, the fund will provide immediate exposure to a seed portfolio of more than fifteen infrastructure assets. This portfolio is diversified both geographically and across sectors and is comprised of assets selected for their quality and long-term performance potential.

The fund will benefit from Partners Group’s proven value creation approach. Rather than simply acquiring individual assets, Partners Group seeks to develop scalable infrastructure platforms by expanding their geographic reach, capacity and service offering. This approach is illustrated by targeted investments in data centres in the Nordic countries, building energy services providers in Europe, and power generation platforms in North America. The fund's liquidity management will also draw on the processes and experience Partners Group has developed over more than twenty-five years of managing evergreen funds.

Steffen Meister, Executive Chairman of the Board of Directors at Partners Group, said: “The launch of this fund marks a further step in democratising access to private markets for eligible investors in France. In partnership with Societe Generale, we are offering an infrastructure investment solution that provides exposure to some of the most powerful thematic trends of our time.”

Esther Peiner, Partner and Head of Private Infrastructure at Partners Group, added: “Our global infrastructure platform is underpinned by proven origination capabilities and a best-in-class investment platform, with teams located around the world. In Europe, we continue to identify attractive opportunities in digital infrastructure, particularly in flexible power generation solutions, which play an essential role in supporting the development of artificial intelligence.”

Philippe Perret, Chief Executive Officer of Societe Generale Assurances, commented: “We are delighted with this partnership with Partners Group, which enables us to broaden the range of real assets available to our policyholders. This new infrastructure-focused solution fully supports our commitment to accompanying clients over the long term by offering meaningful diversification opportunities that combine investment in the real economy with long-term value creation.”

Mathieu Vedrenne, CEO of Societe Generale Private Banking, stated: “In a constantly evolving market environment, diversification is a cornerstone of long-term wealth planning. By providing access to a diversified selection of private infrastructure assets through life insurance, this new unit-linked investment option further enhances the solutions we offer our clients. It reflects our ambition to give them access to leading expertise and asset classes that were previously largely reserved for institutional investors, within a framework suited to the management of their wealth.” 

^[1] Full name of the fund: Partners Group Infrastructures Privées FPS ELTIF

^[2] McKinsey & Company, "The infrastructure moment“, 2025

^[3] ELTIF stands for European Long-Term Investment Fund. 

^[4] An “Article 8” investment option promoting environmental and social characteristics within the meaning of Regulation (EU) 2019/2088, known as the Sustainable Finance Disclosure Regulation (SFDR)

^[5] Investment in this fund entails, in particular, a risk of partial or total loss of the capital invested. Although the fund may provide for periodic redemption windows, these do not constitute a guarantee of liquidity. Redemption requests may, in particular, be capped, deferred, partially executed or suspended under the conditions set out in the fund documentation. The investment should be considered over a long-term horizon.