YIELCO reports very strong 2025 and dynamic fundraising across all asset classes

• Successful closings in the Private Equity, Private Debt, and Infrastructure asset classes
• Fund programs meet strong investor demand
• YIELCO Investments celebrates 15th anniversary

YIELCO Investments Group ("YIELCO"), a private markets specialist, looks back on a very strong financial year 2025. Across all three core segments – Private Equity, Private Debt and Infrastructure – significant fundraising milestones were achieved, fund programs were further developed according to plan, and new programs were successfully launched in the market.

"2025 was a very successful year for YIELCO in many respects," says Dr. Peter Laib, Chairman of the Supervisory Board of YIELCO Investments. "Our strategies performed very well across all asset classes. All fund programs are on or ahead of plan and reached important milestones. At the same time, we made above-average distributions to our investors over the past year. The successful closings further broadened our investor base and strengthened our product offering. As a result, the capital commitments we manage have grown to over EUR 11 billion. For 2026, we expect demand for differentiated private markets strategies to remain high and believe that YIELCO is very well positioned to continue on this growth path with our product portfolio, our pipeline of attractive investments, and our team.

Private Equity: Successful final closings of two funds

In the first few months of 2025, two Private Equity funds with a total volume of EUR 550 million were successfully closed: the US fund-of-funds YIELCO Private Equity USA III ("YPE USA III") and the co-investment fund YIELCO Defensive Investments II ("YDI II"). Both funds build on YIELCO’s proven value investing strategy, which focuses on operational value creation, conservative financing structures, and favorable entry valuations.

"With our strong track record and clear commitment to value investing, we continue to pursue our proven strategy of combining attractive returns with targeted risk management. The successful closings of YPE USA III and YDI II underscore our investors‘ confidence in our consistent value-oriented approach," says María Sanz García, member of the Management Board and Head of Private Equity at YIELCO. "We continue to focus on selective investments, active portfolio management, and a clear emphasis on operational value creation. These core principles will also shape the future development of our Private Equity activities."

Private Debt: Specialty Lending II successfully launched, Senior Debt II remains open

In July 2025, the first closing of the fund-of-funds program YIELCO Specialty Lending II ("YSL II") took place. "With YSL II, we build on the success of its predecessor fund and invest in senior secured asset-based loans that offer stable current interest income and additional return potential. Through broad diversification across specialized managers in Europe and North America, we create a largely uncorrelated portfolio component with a high level of risk protection for our investors," explains Börge Grauel, Partner and Head of Private Debt at YIELCO Investments.

At the same time, the conservatively oriented fund-of-funds program YIELCO Senior Debt II ("YSD II") remains open for subscriptions until the end of August 2026. "With a target size of EUR 250 million, the fund addresses investors seeking predictable distributions and stable returns. By focusing on senior secured loans in the European lower mid-market and broad diversification across around ten fund investments, a portfolio of more than 400 loans is created – with strong downside protection and above-average risk premiums compared to the market," says Dr. Matthias Unser, founding partner and member of the Management Board of YIELCO Investments.

Infrastructure: First closing of the YIELCO Metzler Infrastruktur IV fund-of-funds – Dedicated co-investment fund YIELCO Infrastructure Opportunities also open for subscriptions

Also in July 2025, YIELCO and Metzler Asset Management announced the first closing of the infrastructure fund-of-funds YIELCO Metzler Infrastruktur IV ("YMIF IV"). With a target capitalization of EUR 300 million, the multi-manager program invests globally in diversified primary and secondary investments with a focus on sustainable infrastructure in Europe and North America. Initial investments have already been made, and a solid pipeline is in place.

"Infrastructure will remain an exciting growth theme for institutional investors in the coming decades. Strong demand clearly highlights the appeal of this asset class. We are very pleased to be able to execute a promising pipeline of investment opportunities. Our predecessor fund, YIELCO Infrastructure III, is already fully invested and comprises 15 target funds, including two secondary transactions. This successful investment activity confirms the strength and continuity of our investment strategy," comments Uwe Fleischhauer, Head of Infrastructure and Member of the Management Board of YIELCO Investments.

In addition, the co-investment fund YIELCO Infrastructure Opportunities ("YIO") is open for subscriptions and offers investors a dedicated infrastructure co-investment strategy.

"We are delighted to offer our investors access to attractive co-investment opportunities through our infrastructure co-investment fund. The fund’s strategy builds on YIELCO’s long-standing infrastructure investment philosophy. The investment focus is on core+ and value-add opportunities in the small and mid-market segment, offering an attractive risk/return profile. We seek investments that provide typical infrastructure downside protection – for example, through long-term contracts and inflation protection – while at the same time offering significant return potential through active value creation measures," Uwe Fleischhauer continues. The fund has already completed its first three transactions, with corresponding value enhancement in the transport, energy, and waste management sectors, thus demonstrating increasing visibility.

YIELCO celebrates its 15th anniversary

2026 marks a special milestone for YIELCO Investments: the company is celebrating its 15th anniversary. Since its founding in 2011, YIELCO has developed into an internationally active private markets specialist. Shaped by entrepreneurial thinking, long-standing investor relationships, and a differentiated investment philosophy, the company looks back on numerous milestones and successful fund programs. At the anniversary celebration taking place during the YIELCO Investor Day in May, YIELCO will reflect on the developments of the past 15 years while also looking ahead to future growth opportunities, new fund programs, and innovative investment strategies.

Disclaimer
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