Non-ELTIF · Real Estate · Domiciled in Luxembourg
Indosuez Alternatives Investments S.A., SICAV RAIF – Core European Fund of Real Estate Funds
Managed by Indosuez, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Indosuez Alternatives Investments S.A., SICAV RAIF – Core European Fund of Real Estate Funds is an open-ended real estate fund of funds managed by Indosuez, structured as a SICAV in Luxembourg under the RAIF regime and classified as Non-ELTIF. The vehicle has been operating since 2021, reports in EUR, and pursues a core / core plus approach by allocating to underlying property funds rather than holding assets directly, with the resulting exposure distributed across European markets as shown in . Fund assets stand at , measured against the 44 real estate vehicles covered on this page.
Liquidity is intermediated rather than daily: units are issued at a quarterly cadence and redeemed at a quarterly cadence, subject to a notice requirement of 90 days, with valuations struck quarterly. That calendar aligns investor dealing with the slower appraisal and distribution cycles of the underlying property funds, and the notice period gives the manager time to source redemption proceeds. Access is set at 10,000 EUR and the fund is offered to professional investors on a pan-European basis. Fees are levied as at the vehicle level, alongside , in addition to the costs borne within the underlying funds.
For positioning, the fund sits within a coverage universe of 494 vehicles, of which 347 share its Luxembourg domicile and 31 combine that domicile with a real estate mandate, making the fund-of-funds format one route among a relatively concentrated set of comparable structures. It is reported as Article 8 under SFDR. Figures reflect data as of 31 Aug 2026.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- Indosuez
- Fund type
- Non-ELTIF
- ISIN
- LU2197902013
- Legal structure
- SICAV
- Regulatory regime
- RAIF
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 01 Jan 2021
- Base currency
- EUR
Strategy
- Asset class
- Real Estate
- Strategy
- Core / Core Plus
- Geographic focus
- Europe
Liquidity
- Subscription frequency
- Quarterly
- Redemption frequency
- Quarterly
- Notice period
- 90 days
- NAV frequency
- Quarterly
Access & distribution
- Investor type
- Professional
- Distribution scope
- Pan-European
- Distribution countries
- Belgium, France, Italy, Luxembourg, Singapore, Spain
- Minimum investment
- 10,000 EUR
- SFDR
- Article 8
›Frequently asked questions
- Who manages Indosuez Alternatives Investments S.A., SICAV RAIF – Core European Fund of Real Estate Funds?
- Indosuez Alternatives Investments S.A., SICAV RAIF – Core European Fund of Real Estate Funds is managed by Indosuez, headquartered in France.
- What is the minimum investment for Indosuez Alternatives Investments S.A., SICAV RAIF – Core European Fund of Real Estate Funds?
- The minimum investment is 10,000 EUR. The binding terms are in the fund documents.
- How often can investors redeem?
- Redemptions are quarterly, with a notice period of 90 days.
- What is an evergreen fund?
- An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.