Paris, France – 30 September 2026 — Openstone, a private assets specialist serving wealth management professionals, and Fundcraft France, an AMF-authorised portfolio management company, announce the launch of Openstone Infraworld, a French Fonds Professionnel Spécialisé (FPS), structured as an evergreen, open-ended fund dedicated to global private infrastructure.
Managed by Fundcraft France and advised by Openstone, the fund provides access, through a single subscription, to four identified target funds managed by Macquarie Asset Management, Partners Group and Ares Management. Together, these three international managers represent more than US$300 billion in infrastructure assets under management.
Openstone contributes its expertise in analysing, selecting and combining private market strategies suited to private wealth portfolio allocation. Fundcraft is responsible for the management of the fund, its regulatory framework, governance and operational administration.
An asset class supported by structural investment needs
Energy, transport, networks, digital infrastructure, healthcare and education: the scope of infrastructure has expanded considerably. Alongside the need to build and modernise traditional infrastructure, new investment requirements are emerging as a result of the digitalisation of the economy, artificial intelligence, the energy transition and the realignment of supply chains.
According to Stonepeak, global infrastructure investment requirements could reach US$94 trillion by 2040, while US$79 trillion is currently expected to be invested. This estimated US$15 trillion funding gap reinforces the need to mobilise private capital.
For private wealth investors, infrastructure can provide exposure to essential real assets, often supported by long-term contractual revenues, with performance drivers that differ from those of public markets. In an environment characterised by growing investment needs and changing valuation dynamics, the asset class is also offering renewed entry points, particularly in infrastructure debt.
A selection of funds designed to diversify sources of performance and income
Structured as a multi-manager, multi-strategy fund of funds, Openstone Infraworld brings together four complementary funds from launch. Its architecture is designed to diversify exposure across debt and equity, primary and secondary investments, open-ended and closed-ended funds, as well as across different sectors, geographies, vintages and deployment profiles.
The four target funds under consideration provide access in particular to:
- two strategies from Macquarie Asset Management: one focused on infrastructure secondaries and the other on Core+ infrastructure debt;
- an evergreen value-add strategy from Partners Group, combining direct and secondary investments;
- a global evergreen strategy from Ares Management, combining equity and debt and focused on income generation.
At maturity, the target allocation is expected to comprise approximately 60% closed-ended funds and 40% open-ended funds, excluding the liquidity sleeve. The portfolio is intended to expand progressively to include other funds.
Nadim Takchi, CEO of Openstone said:
“With Openstone Infraworld, we are not offering simple exposure to infrastructure, but an allocation constructed around complementary strategies. Debt can contribute to income generation, equity to long-term value creation, while secondaries provide access to portfolios that are already invested. The evergreen format gives this allocation the ability to evolve and broaden over time.”
A clear division between investment expertise and management responsibility
The partnership between Openstone and Fundcraft France is based on a complementary allocation of responsibilities.
Openstone advises the fund and is involved in identifying and monitoring the underlying strategies. As the management company, Fundcraft assumes responsibility for managing the fund and ensuring compliance with its regulatory framework, operating rules and control procedures.
Thomas Ibanez, Country Head at Fundcraft France added:
“The creation of Openstone Infraworld illustrates our ability to support investment specialists in the structuring and deployment of sophisticated solutions. Our role is to provide the fund with a robust management, governance and control framework, supporting a clearly defined strategy and its investors.”
An evergreen fund designed for long-term private wealth allocation
The evergreen format allows investors to invest on an ongoing basis through subscriptions into a portfolio that is already seeded and designed to evolve over time. Openstone Infraworld is available through Openstone’s partner wealth management professionals and via its fully digital platform. It can notably be subscribed to in directly registered form, through a securities account, as well as through eligible Luxembourg life insurance contracts.
Key characteristics
| Structure | French-law FPS, evergreen |
| Management company | Fundcraft France SAS |
| Adviser to the fund | Openstone (Innovative Finance SAS) |
| Annual net IRR target | 7–9% – not guaranteed |
| Distribution target | 4–6%*, distribution shares |
| Minimum subscription | €100,000** |
| Recommended holding period | Minimum 10 years |
| NAV | Monthly |
| Liquidity | Semi-annual after year 2, subject to conditions*** |
* Quarterly distributions at the discretion of the management company, limited to amounts actually received from the target funds. Distributions may be nil, particularly during the first financial years, and reduce the net asset value by the corresponding amount.
** Subscriptions from €30,000 are possible under certain conditions set out in Article 423-27 of the AMF General Regulation.
*** Semi-annual redemptions after a two-year lock-up period, subject to a redemption limit (gate).
About Openstone
Openstone supports wealth management professionals in the private assets market. The company provides access to diversified investment solutions, including private debt, real estate private equity and infrastructure. It draws on the expertise of recognised global asset managers and a fully digital platform, with fund formats tailored to private clients. Openstone has already raised €70 million and established around 250 partnerships with wealth management professionals and firms. Openstone is a brand of Innovative Finance SAS, a French company incorporated in 2021, registered with the Paris Trade and Companies Register under number 901 549 766, with registered office at 6, rue d’Armaillé, 75017 Paris, France. Innovative Finance is a Conseiller en investissements financiers (CIF), registered with the Registre unique des intermédiaires en assurance, banque et finance under number 23002459 (www.orias.fr), as a member of the Chambre nationale des conseils en gestion de patrimoine, an association approved by the Autorité des marchés financiers. For more information please visit www.openstone.com
About Fundcraft
Fundcraft is a European provider of end-to-end digital fund operations for alternative asset managers, combining regulated services, proprietary technology and operational expertise across the fund lifecycle, from fundraising and investor onboarding through to fund and portfolio operations, data management and reporting. Its platform centralises data, processes and stakeholder collaboration into a single source of truth for asset managers, Fundcraft operations teams, auditors, tax advisers, banks and depositaries. As a CSSF-licensed AIFM and central administrator in Luxembourg, and an AMF-authorised portfolio management company in France acting as AIFM under authorisation number GP20260008, Fundcraft supports nearly 300 funds across venture capital, private equity and fund of funds strategies, representing more than 20,000 LP subscriptions and close to €20 billion in commitments and subscription targets. Its clients include Moonfare, Rocket Internet, Stableton, MIMCO, AirFund, Lifeline Ventures, b2venture and Rosberg Ventures. For more information, please visit www.fundcraft.lu | www.fundcraft.fr | press@fundcraft.lu
Contacts
| Openstone Nadim Takchi nadim@openstone.com +33 6 78 27 63 65 |
Fundcraft France Thomas Ibanez thomas.ibanez@fundcraft.lu +33 6 47 41 20 99 |
Press Pascale Safta pascalesafta@morewithless.fr +33 6 26 74 48 4 |
Disclaimer: Performance and distribution targets are not guaranteed. Investing in private assets involves, in particular, a risk of loss of capital and illiquidity and requires a long-term investment horizon. It also involves currency risk (three of the four target funds are denominated in USD, while the vehicle is denominated in euros) and a double layer of fees, both of which are included in the list of risks set out in the prospectus. The Openstone Infraworld FPS is reserved for investors meeting the conditions set out in Article 423-27 of the AMF General Regulation. The fund is managed by Fundcraft France SAS, a management company authorised by the AMF under number GP-20260008. This press release is provided for information purposes only and does not constitute an investment offer or financial advice. This press release does not constitute a marketing communication. Before making any decision, please consult the fund’s regulatory documentation.