“In partnership with iCapital, we are very excited to introduce an open-ended unlisted infrastructure fund in Canada that provides eligible Canadian accredited investors with access to top-tier investment managers, with quarterly subscription options and liquidity access.”

The Underlying Fund takes an actively managed approach, focusing on infrastructure assets that provide essential services to communities and businesses. Its diversified portfolio spans multiple sectors and regions, offering co-investments and exposure to specialist fund managers, which are typically inaccessible to retail investors.

“Our innovative technology and service offering features seamless and secure end-to-end alternative investing capabilities that include digital fulfillment, administration, document management, reporting and a full suite of educational materials,” said Tom Johnston, managing director of international client Solutions at iCapital Canada.

Domiciled in Luxembourg, the Underlying Fund currently invests in assets managed by six investment managers and is focused on infrastructure solutions that address evolving social and economic demands. As new capital flows in, Russell Investments plans to continue expanding its portfolio through additional co-investment opportunities.