- First close for first multi asset private market impact fund, 6 months after launch
- Successfully onboarded first institutional investors from Germany, Scandinavia and Austria
- Final close expected in Q4 2020
Allianz Global Investors, one of the world’s leading active investment managers, today announced that the Allianz Impact Investment Fund (AIIF) has reached first close, having successfully onboarded the first institutional investors from Germany, Scandinavia and Austria. Final close is expected in the final quarter of 2020.
The Allianz Impact Investment Fund is AllianzGI’s first multi asset private market impact fund and aims to leverage the potential of the rapidly expanding impact investing sector, worth 502bn USD globally, by putting institutional investor capital to work in projects which generate measurable, positive impact and contribute to the UN’s Sustainable Development Goals.
The Euro denominated fund, which was launched in September 2019, invests in private market equity and debt as well as in Fund of Fund opportunities across sectors such as energy efficiency, sustainable land use and agriculture which generate a range of different, measurable environmental and/or social impacts alongside financial returns with a focus on investments in Europe.
Commenting on the first close, Martin Ewald, lead portfolio manager, impact investments said: “The first close of this fund in under 6 months reaffirms that clients are looking to allocate capital with the intention of achieving a defined and measurable result rather than just a financial one – contributing to the development of the Sustainable Development Goals. The fund, which combines both equity and debt, underlines AllianzGI’s commitment as an active manager, providing the type of innovative financing solutions needed to unlock new sources of stable cash flows for our clients.” In order not to dilute the return prospects, Allianz Global Investors has set the target volume of the first Impact Fund at 200 million Euros, and a maximum limit of 300 million euros. At the first closing, investors have already subscribed to around one third of the maximum amount.
In order to ensure that that the sustainability goals are taken seriously progress and relevant market developments are regularly presented to an independent Impact Council, which also includes selected investors, and reported to all investors over the 10-year term of the fund. The impact achieved will be compared with initial objectives for each project in quarterly reports and communicated transparently to the investors.
“Impact investments are one of the most relevant forms of investment that generate both sustainable and attractive financial returns and have a positive impact on the environment and society.”
Beatrix Anton-Grönemeyer, Chief Sustainability Officer
“Our experienced teams can take advantage of the full range of opportunities and implement new trends professionally and at an early stage.
