Two years ago, we launched the Harrison Street Infrastructure Income Fund (VCRDX) with a vision to provide investors access to private infrastructure debt supported by essential assets with long-term contracted revenues and robust lender protections. We’re proud to mark another year of strong performance, disciplined execution and value creation.
9.78% annualized net return since inception (4/1/24 – 3/31/26).
41 realizations across the portfolio.
Cash Flows: ~75% of the Fund's direct investments have long-dated revenue contracts with creditworthy offtakers.
Collateral: The Fund's direct investments benefit from collateral of essential infrastructure assets, providing downside risk mitigation across varying market environments.
Covenants: The Fund's direct investments benefit from robust covenant packages—limits on leverage, distributions, additional debt and asset sales and others—all designed to protect lenders and their collateral.
Compensation: Since inception, the Fund generated a 9.78% net annualized return, outperforming the Morningstar LSTA Leveraged Loan Index* by 3.95%.
Correlation: VCRDX has delivered low correlations to mainstream asset classes—0.06 to public equities** and 0.10 to public fixed income*** —offering a differentiated tool for portfolio construction.
The Fund's success is driven by the expertise, discipline and dedication of our Portfolio Managers—Becca Edil, Phil Eichhorn, CFA and Alicia Chen, CFA—whose leadership and rigorous credit work underpin the Fund’s performance. We are grateful for their continued stewardship and commitment to our investors.
Thank you to our investors and partners for your trust. As infrastructure needs and private capital opportunities continue to expand, we remain committed to building a high-quality portfolio that delivers steady income and diversified exposure.
For important information about the fund, please click here.
If you’re an RIA interested in exploring how listed infrastructure may complement long term client allocations, let’s connect.
Note: Past performance cannot predict future results. Investing involves risk and principal loss is possible. Distributed by Foreside Funds Distributors LLC. *The Morningstar LSTA US Leveraged Loan Index is a market-weighted index designed to measure the performance of the U.S. leveraged loan market, representing the largest USD-denominated leveraged loans. Co-branded with the Loan Syndications and Trading Association (LSTA) and powered by PitchBook|LCD data, it serves as a key benchmark for floating-rate bank loans. **Public Equities: S&P 500 (Standard & Poor's 500) is a stock market index tracking the performance of 500 of the largest publicly traded companies in the U.S. ***Fixed Income: Bloomberg US Aggregate Bond Index is a flagship, market-cap-weighted benchmark representing the total US investment-grade, taxable bond market.