Fund FAQ

The Pangaea Life Blue Energy Fund invests in real-asset projects in the renewable energy and energy storage sectors. These include, in particular, photovoltaic, wind power, and hydroelectric power plants, as well as battery storage systems.

The fund thus provides access to a variety of energy infrastructure technologies and projects. Performance depends on the economic performance of the investments as well as on prevailing market and valuation conditions.

The fund’s performance consists primarily of two components:

1. Operating income from the projects: This includes, in particular, revenue from the generation and sale of electricity. The amount of these revenues depends, among other factors, on the volume of electricity generated, the electricity prices achieved, operating costs, and the availability of the facilities.
2. Changes in fair value: Property, plant, and equipment are measured at fair value using appropriate valuation models. This process takes into account current market conditions and assumptions regarding future developments, such as electricity prices, interest rates, inflation, and technical and contractual framework conditions.

Diversification across different technologies and regions can reduce concentration risks. Long-term power purchase agreements and government-set feed-in tariffs can increase the predictability of revenues for individual projects. However, they do not guarantee a consistent return on investment nor do they rule out fluctuations in value or losses.

The Pangaea Life Blue Energy Fonds aims to achieve a long-term return of 5 to 7 percent per year after fund expenses.

This is a return target and not a guaranteed or projected performance. Actual performance may be higher or lower. Losses are also possible.

Aquila Capital Investmentgesellschaft mbH, headquartered in Hamburg, serves as the alternative investment fund manager and asset manager for the Pangaea Life Blue Energy Fund. It is responsible for selecting, structuring, and managing the fund’s real asset investments.

Since June 4, 2024, Commerzbank AG has held a majority stake of 74.9 percent in Aquila Capital Investmentgesellschaft mbH. The remaining shares are held by the Aquila Group. The ownership structure does not constitute a guarantee of the fund’s performance or financial success.

Pangaea Life Blue Living invests in sustainable real estate worldwide, focusing on Germany’s metropolitan regions and major cities in the southern United States ("US Sunbelt"). The buildings feature high energy efficiency and offer subsidized housing, daycare facilities, e-mobility concepts, and excellent connections to public transportation.

When selecting and developing properties, various project-specific features are taken into account. These may include, for example, a specific energy efficiency rating of at least KfW 55, the use of electricity from renewable energy sources in common areas, and the provision of bicycle parking spaces.

Possible social features include publicly subsidized or affordable housing, as well as space for daycare centers or kindergartens.

Which features are actually implemented depends on the specific project and its framework conditions.

The fund’s performance may result from current income and changes in property values.

Current income: Once completed and leased, the properties can generate rental income. The amount of this income depends, among other things, on the agreed-upon rents, the occupancy rate, operating costs, and potential rental shortfalls.

Changes in property values: As part of project development and subsequent management, the values of the land and buildings may change. Values can rise as well as fall. Factors influencing these values include construction and financing costs, interest rates, exchange rates, developments in the respective real estate markets, and demand at the locations.

Long-term lease agreements can increase the predictability of income but do not guarantee a continuous return.

The Pangaea Life Blue Living Fonds aims to achieve a long-term return of 5 to 7 percent per year after fund expenses.

This is a return target and not a guaranteed or projected performance. Actual performance may be higher or lower. Losses are also possible.

Empira Investment Solutions S.A. operates as an alternative investment fund manager. Asset management is handled by Empira AG. Both companies are part of the Empira Group, which is headquartered in Switzerland.

The Empira Group focuses on real estate investments in Europe and the U.S. and has been part of the Partners Group since January 2025. Membership in the Partners Group does not constitute a guarantee of the fund’s performance or financial success.

Here you will find overarching questions about our funds.

Pangaea Life funds are available exclusively for private customers with the insurance products of die Bayerische, for example through company pension plans, the basic pension, or the unit-linked pension plan Blue Invest.

Pangaea Life funds can be selected within the insurance products of die Bayerische:

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