Next II S.C.A. SICAV - (subfund) Next Infrastruktur Fonds

Next II S.C.A. SICAV - (subfund) Next Infrastruktur Fonds is a closed-end ELTIF launched by NEXT Generation Invest in 2024, structured as a SICAV sub-fund domiciled in Luxembourg and authorised under the UCI Part II regime. It is constituted under ELTIF 1.0, which places it among the cohort of vehicles predating the recast regime, and is denominated in EUR. The vehicle is distributed on a pan-European basis to professional investors, with a stated entry threshold of 1,000 EUR that is low relative to the institutional norm for the segment; its assets stood at as of 31 Aug 2026, developing along a path described by since launch.

The mandate pursues an opportunistic approach within infrastructure, placing it among 73 funds in that asset class across the 494 vehicles covered on this page, and among 57 that combine the same asset class with a Luxembourg domicile, which itself accounts for 347 of the coverage universe. Exposure is allocated across regions as shown in , and the manager's stated return objective is , which can be read against the dispersion observed across the asset-class peer group.

As a closed-end ELTIF, the vehicle does not operate a standing redemption facility, so capital is committed for the life of the fund and liquidity depends on the realisation of underlying assets rather than on dealing windows; subscription, valuation and notice terms are not disclosed in the data reviewed here. The fund is classified as Article 9 under SFDR, indicating a sustainable investment objective rather than a promotion of environmental or social characteristics, and carries a summary risk indicator of 6, consistent with the illiquidity and concentration typical of the structure.