Published by Global Banking & Finance Review®
Posted on March 26, 2026
2 min readLast updated: March 26, 2026
Add as preferred source on GoogleUBS has suspended redemptions and new share issuance for its Germany‑based Euroinvest real estate fund totaling €406.8 million (≈ $469 million) for up to three years due to insufficient liquidity, joining a broader wave of similar moves by global asset managers.
March 26 (Reuters) - Swiss lender UBS has suspended withdrawals from its Euroinvest real estate fund for up to three years citing insufficient liquidity, the bank said in an investor notice seen by Reuters.
"In this challenging market environment, UBS Real Estate GmbH has taken the decision to suspend redemptions at this time to ensure the protection of all our investors' interests," the bank said in a statement.
The Germany-based fund had assets under management of 406.8 million euros ($469.4 million) at the end of February, according to a fund fact sheet.
In the notice, UBS said the fund's liquid assets were insufficient to meet redemption requests and that any requests submitted after March 25 would not be executed.
The Swiss bank also said it would suspend issuance of new shares, as additional sales were unlikely to materially improve fund liquidity and could expose investors subscribing during the redemption halt to heightened risks if redemptions are not resumed and the fund is "wound up".
The move by UBS is the latest in a string of asset managers placing caps on funds, most of them private credit funds in the United States, amid a surge in redemption requests.
Ares, Apollo Global and BlackRock's HPS Corporate Lending Fund have previously capped investor withdrawals at 5%.
($1 = 0.8666 euros)
(Reporting by Oliver Hirt in Zurich and Ananya Palyekar in Bengaluru; Editing by Shailesh Kuber)
UBS cited insufficient liquidity in the challenging market environment as the reason for halting fund withdrawals to protect investors' interests.
Withdrawals have been suspended for up to three years, according to the notice seen by Reuters.
As of the end of February, the UBS Euroinvest real estate fund managed assets worth approximately 406.8 million euros ($469.4 million).
No, UBS has also suspended the issuance of new shares, citing that it would not materially improve liquidity and could increase risks for new investors.
No, other asset managers like Ares, Apollo Global, and BlackRock's HPS Corporate Lending Fund have also capped investor withdrawals amid rising redemption requests.
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