Kleinwort Hambros, a private bank owned by Société Générale, has brought a real assets fund to market.
The Moorea Real Asset fund will invest in infrastructure and specialist property assets, focusing on areas such as electricity generation, energy storage, smart grids and digital infrastructure. On the property side, it will invest in assets such as hospitals, schools, affordable housing and care homes.
According to reports, the new fund will only be available to Kleinwort Hambros' clients.
“These types of assets are typically difficult to gain broad access to, given the complexity in the underlying ownership structures and limited liquidity,” said Paul Hookway, senior fund analyst and manager of the strategy. “However, with Kleinwort Hambros’ specialist in-house expertise, oversight and liquidity management capabilities, our clients are able to gain exposure to these assets in a pooled investment vehicle.”