UniCredit Invest Alternatives
UniCredit Invest Alternatives is the European hub for alternative investments within the UniCredit Group and operates as a Germany-based Asset Management Company specializing in alternative investment strategies for both retail and professional clients. We offer bespoke and specialized solutions under the umbrella name of onemarkets Alternatives.
Investing in Alternative Investments
Our offering includes a range of innovative liquid and illiquid investment strategies. These solutions - designed to enhance portfolio diversification - provide access to alternative strategies through some of the most innovative structures available today. Whether semi‑liquid or illiquid, onemarkets Alternatives strategies further expand the UniCredit Group’s product range, creating new and innovative solutions that respond to a changing market environment and evolving client needs.
Private Equity
Private equity refers to non‑public equity investments in companies and serves as a complement to traditional equities. Investors acquire companies with the goal of increasing their value through targeted capital deployment and expertise.
Private Credit
Private credit (also referred to as private debt) describes, in contrast to private equity, the provision of debt capital to companies outside the public capital market. Investors can benefit from performance, for example, through ongoing interest payments and contractually agreed repayments.
Infrastructure
Investments in infrastructure include assets such as transportation networks, energy supply, telecommunications, as well as water and waste management. They can offer long‑term stable cash flows that are often contractually or regulatorily backed and benefit from structural demand driven by growth and modernization.
Renewable Energy
Investments in renewable energy enable participation in solar, wind, biogas and hydropower plants. The global energy transition, driven by climate targets and political initiatives, has established this asset class as a stable growth market.
Real Estate
Investments in this area enable participation in residential, commercial, industrial and specialty properties. The spectrum ranges from stability‑oriented core investments with ongoing rental income to value‑add development and repositioning strategies.
The spectrum of alternatives: From illiquid to liquid
Alternative investments are divided into two segments, each offering different opportunities, risks and functions within a diversified portfolio. What unites them is their typically low correlation with traditional asset classes.
Illiquid and semiliquid alternatives
Illiquid alternatives are long-term investments in non‑publicly traded assets such as private equity, private credit or infrastructure. They offer limited tradability and holding periods of 5–10+ years, but provide access to private markets as well as potential illiquidity premia and lower market correlation.
Semiliquid alternative investments – often offered through ELTIF structures – combine long‑term growth potential with improved liquidity, for example through quarterly redemptions. They offer investors a flexible way to efficiently integrate alternative investments into long‑term oriented portfolios.
Liquid alternatives
Liquid alternatives include strategies implemented through highly tradable instruments such as ETFs, certificates, option strategies or listed securities. They offer investors high liquidity while providing diversification through low correlation with traditional equity and bond markets. By using alternative return sources or hedging strategies, they can help stabilize portfolios and unlock additional return potential – with comparatively flexible tradability.