Aviva Investors has launched the Aviva Investors Climate Transition Real Assets Fund. The fund will aim to provide various investor groups, including defined contribution (DC) schemes, with access to climate-focused solutions of the European Real Assets universe, with a focus on direct real estate, infrastructure, and forestry assets.

The Fund will be managed by a team from across Aviva Investors’ Real Assets platform and is expected to deliver a net annual return of approximately 8% per annum over five-year periods, whilst targeting net-zero by 2040 or sooner.

The fund is structured as a UK Non-UCITS Retail Scheme (NURS) and will be a Fund of Alternative Funds (FAIF), investing into underlying asset-class specific Luxembourg RAIF vehicles, liquid assets, and forestry. This structure enables life companies and other investors to provide capital to long-term asset classes.