The second classic fund of the Allianz Resilient Opportunistic Credit score (AROC) technique, the Allianz Infrastructure Credit score Alternatives Fund II (AICOF II), has raised €533m (£442m) at first shut.
The earlier classic fund, Allianz Resilient Opportunistic Credit score Fund, closed to new investments in December 2023 with €455m in commitments and has been round 90 per cent deployed or dedicated to investments.
The technique has raised nearly €1bn into commingled funds from worldwide institutional buyers throughout Europe and Asia.
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AICOF II, which launched in June 2024, focuses on sustainability-friendly infrastructure debt investments throughout power, transport, communication, environmental and social.
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“After over a decade of investing we will now look again on over 150 transactions in additional than 20 nations,” mentioned Claus Fintzen, chief funding officer infrastructure debt at AllianzGI. “Towards the sunshine of huge investments wanted to bridge the infrastructure hole and the present rate of interest surroundings we see engaging funding alternatives for institutional buyers in constructing the infrastructure for tomorrow.”
Tom Lees, senior portfolio supervisor, infrastructure debt, added: “We’re very grateful for the sturdy curiosity within the Allianz Infrastructure Credit score Alternatives Fund II. With this addition to our infrastructure debt providing, we purpose to offer buyers with entry to the total vary of infrastructure debt sectors throughout all the capital construction and excessive yielding return potential.”
AllianzGI manages greater than €90bn in non-public markets, of which greater than €50bn are infrastructure property.
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