Allianz Global Investors (AllianzGI) has raised $270m (£199.3m) in commitments at the first close of a private credit fund focused on infrastructure investments in the Asia-Pacific region.
The Asia Pacific Infrastructure Credit Fund will provide secured private credit financing to infrastructure and infrastructure-like businesses, predominantly across South and Southeast Asia. It will invest primarily in senior and unitranche credit instruments at the operating or holding company level, backed by infrastructure assets.
Investors participating in the first close include global development institution, the International Finance Corporation (IFC), and the sovereign wealth fund, the Indonesia Investment Authority (INA).
According to the €591bn (£512.2bn) asset manager, the fund targets investments across infrastructure sectors, with a particular focus on the energy transition, power transmission, and digital infrastructure such as data centres and telecommunications networks. The fund will also target transportation and logistics, as well as environmental infrastructure, including water, waste and related services.
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“We are pleased to have achieved the first close of our Asia Pacific Infrastructure Credit Fund, supported by cornerstone commitments from IFC and INA,” said Sumit Bhandari, head of Asia private credit at AllianzGI. “This fund marks the launch of a new infrastructure-focused offering alongside our established Asia-Pacific secured lending strategies.”
AllianzGI said the fund launch comes as demand for infrastructure investment in South and Southeast Asia continues to grow, driven by urbanisation, rising energy demand and increasing digitalisation, while a financing gap persists.
“Addressing infrastructure financing gaps in South and Southeast Asia is critical to sustaining growth, strengthening job creation, supporting the energy transition and expanding access to essential services,” said Allen Forlemu, regional industry director, Financial Institutions Group, Asia Pacific at IFC.
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The fund is expected to reach its final close in 2027, the AllianzGI said.
“Our participation reflects INA’s disciplined approach to investing in opportunities aligned with our sector priorities,” said Merlissa Trisno, director of funds and capital partnering at INA. “The inclusion of an Indonesia nexus is particularly important, as it creates a pathway for international institutional capital to support Indonesia-linked opportunities and generate broader multiplier effects.”
The launch follows AllianzGI’s introduction of a $1bn emerging markets credit fund in January, anchored by public and private capital for climate-related initiatives.
