Allianz Global Investors (Allianz GI) has raised €1.07bn (£931.8m) for its infrastructure credit fund at third close.
The second-vintage fund, named the Allianz Infrastructure Credit Opportunities Fund II, has attracted commitments from international institutional investors across Europe and Asia.
Allianz GI, which manages more than €95bn in private markets, said the fund invests in senior and junior infrastructure debt across different layers of the capital structure, with a focus on Europe.
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The third close follows the fund’s first close in December 2024, when it raised €533m.
“Decarbonisation and digitalisation remain the dominant structural themes in infrastructure investing, and demand for infrastructure debt remains strong,” said Marta Perez, chief investment officer for infrastructure at Allianz GI. “With one of the largest and most experienced teams in the industry, we are well-positioned to capture attractive opportunities for our institutional investors while contributing to the energy transition and digital transformation.”
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The fund focuses on energy, transport, communication, environmental and social infrastructure and forms part of Allianz’s Resilient Opportunistic Credit strategy. Recent investments include digital assets such as data centres and fibre network projects.
“The strategy allows investors to access the full spectrum of infrastructure debt across the capital structure and benefit from attractive return potential, leveraging our strong market position,” said Tom Lees, senior portfolio manager for infrastructure debt at Allianz GI.
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