NAO and HanseMerkur Trust AG cooperate exclusively for digital infrastructure ELTIF

Berlin, December 04, 2025 — The Berlin-based WealthTech NAO is now offering the HanseMerkur Digital Infrastructure ELTIF (ISIN: LU3134353856) via its platform as an exclusive partner. The fund invests specifically in hyperscaler data centers and benefits from increasing demand for computing power for artificial intelligence and cloud computing. Private investors in Germany, Austria and the Netherlands can invest from 1 euro in the highly specialized infrastructure segment via the NAO app.

Exclusive partnership provides access to institutional infrastructure segment

With this exclusive cooperation, NAO is expanding its product range to include an innovative infrastructure fund from a German insurer with many years of experience in private market investments. HanseMerkur Trust AG, a wholly owned subsidiary of the HanseMerkur Insurance Group, is a bank-independent financial services company with 13 billion euros in assets under management (AuM).

“With HanseMerkur Trust, we are pleased to welcome another renowned partner to the NAO platform,” says Robin Binder, founder and CEO of NAO. “Data centers are the backbone of our digital future — from cloud computing to artificial intelligence. With this specialized ELTIF, private investors can now invest directly in this critical infrastructure and participate in one of the most exciting growth markets. ”

Global demand for computing power is growing rapidly, driven by artificial intelligence, cloud computing and increasing digitalization. One McKinsey study predicts that global data center capacity will almost triple by 2030. Depending on demand and growth, the authors assume that investment spending will be between 3.7 trillion and 7.9 trillion US dollars by 2030. Hyperscaler data centers are the critical infrastructure on which tech giants such as Amazon, Microsoft and Google build their services. The HanseMerkur Digital Infrastructure ELTIF gives private investors direct access to this growing market.

Jens Schneider, Head of Portfolio Management at HanseMerkur Trust AG: “Through our partnership with NAO, we are now able to offer our expertise in the area of digital infrastructure to a wider audience. Until now, this was exclusively reserved for institutional investors. Through an investment in the HanseMerkur Digital Infrastructure ELTIF, private investors can now also benefit from the growing demand for data centers and artificial intelligence. ”

The HanseMerkur Digital Infrastructure ELTIF focuses on investments in hyperscaler data centers in the USA, Europe and Asia. With a term of 12 years and a net target return of 12 percent internal rate of return (unlevered, i.e. without the use of outside capital), the HanseMerkur Digital Infrastructure ELTIF is aimed at long-term investors. During the 3-year start-up phase, the fund plans to make annual distributions of 3 percent of nominal capital and then aim for annual distributions of 6 to 7 percent per year. Returns are possible with a period of at least three and a maximum of six months before the end of each quarter — a comparatively flexible structure for a long-term investment.

About HanseMerkur Trust AG

HanseMerkur Trust AG has stood for Hanseatic merchant tradition and innovative asset management solutions for over a decade. It is a wholly owned subsidiary of the HanseMerkur Group and manages around 13 billion euros in investments, including almost 3 billion euros in tailor-made special funds. The liquid product portfolio comprises equity, bond and multi-asset strategies with and without a value-added component as well as (market-independent) absolute return approaches. Alternative assets such as private debt and private equity are offered via funds of funds. Institutional customer groups include foundations, pension funds, churches and industrial companies.

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