The Real Estate & Private Markets (REPM) division of UBS Asset Management (UBS-AM) and Munich-based SOLUTIO AG has closed its launched APPIA III Global Infrastructure portfolio (APPIA III), an infrastructural fund of funds with initial capital commitments of over EUR100 million (US$109.52 million). The fund of funds was launched by UBS-AM together with longtime joint venture partner SOLUTIO AG, a real assets investment company for institutional investors. 

APPIA III offers broadly diversified access to the infrastructure asset class with a focus on operational infrastructure assets in OECD markets. The fund of funds is to invest in primary and secondary transactions as well as selected co-investments. It will invest in core/core + strategies and growth-oriented strategies, exploring opportunities in all key sectors such as energy and utilities, transport, communications, public-private partnerships, and social infrastructure.

Following the successful performance of its now fully invested predecessors, this is the third infrastructure fund of funds vehicle launched by UBS-AM and SOLUTIO AG. APPIA III will continue the strategy of the previous funds of funds, which has been well received by institutional investors and is expected to reach a total target of around EUR300-400 million (US$439 million).

SOLUTIO AG represents institutional investors in Germany and Austria.