Allianz Global Investors Raises $270 Million for Asia Infrastructure Fund

By Megan Cheah

Allianz Global Investors said its private-credit fund focused on Asia Pacific infrastructure has secured $270 million at first close, aiming to help address financing gaps in the region.

The total includes cornerstone commitments from International Finance Corp. and Indonesia Investment Authority, the German asset manager said on Monday.

The Allianz Asia Pacific Infrastructure Credit Fund will provide private-credit solutions to infrastructure and infrastructure?like businesses, primarily in South and Southeast Asia. It will target sectors including the energy transition, power transmission and digital infrastructure, it said. AllianzGI's assets under management stands at around 591 billion euros, equivalent to $692.74 billion, as of Dec. 31.

The fund will mainly invest in senior and unitranche credit instruments at the operating- or holding-company level, backed by essential assets with stable cash flows and strong asset coverage. AllianzGI is part of insurer Allianz SE.

The fund aims to give investors with access to asset?backed income while supporting the development of essential infrastructure across Asia-Pacific, said Sumit Bhandari, AllianzGI's head of Asia private credit.

The fund is expected to hold its final close in 2027.

Write to Megan Cheah at [e-mail]

(END) Dow Jones Newswires

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