Allianz GI today announced the first close of the Allianz Global Diversified Infrastructure Equity Fund II (AGDIEF II), which is managed by Allianz Capital Partners (ACP). The fund was launched in late 2021 and has since attracted EUR 550mn of commitments from institutional clients in Europe.
The AGDIEF II will make equity investments jointly with Allianz in a diversified global portfolio of core, core+ and selectively value-add infrastructure investments through primary commitments to infrastructure funds, secondary transactions and co-investments. Allianz will typically contribute at least 50% of the capital to each transaction, ensuring strong alignment of interest with Allianz. By co-investing with Allianz, investors in AGDIEF II will also benefit from preferential access to investment opportunities and Allianz’s generally attractive terms on funds and co-investments.
Target sectors of the AGDIEF II include energy, communication and transportation as well as social and environmental infrastructure. The investment portfolio is expected to be highly diversified in terms of sectors, regions and number of underlying investments. Furthermore, AGDIEF II allows investors to benefit from the ESG leadership of Allianz*. The fund will be classified as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation. AGDIEF II will continue to pursue the successful investment strategy of its predecessor fund, the Allianz Global Diversified Infrastructure Equity Fund, which had raised over EUR 1bn in commitments in 2020, of which more than 90% are already invested.
“We are grateful for the strong interest in the AGDIEF II from so many prior and new institutional investors. The AGDIEF II aims to deliver attractive risk-adjusted returns for our investors by providing exposure to compelling infrastructure funds, secondaries and co-investments alongside Allianz globally. Our investment approach focuses on key investment themes, such as the digital transformation, the energy transition, sustainable mobility and the circular economy.”Yves Meyer-Bülow, Head of Infrastructure Funds & Co-Investments at Allianz Capital Partners
AllianzGI is offering a broad range of investment solutions and manages around EUR 93bn in private market assets.
Allianz Capital Partners manages assets worth more than EUR 25bn in infrastructure equity that have been invested on behalf of Allianz insurance companies and other investors.