Allianz Capital Partners' first global infrastructure fund reaches first close

Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund, which was launched earlier this year and is managed by Allianz Capital Partners (ACP), attracted commitments exceeding 600 million euros from institutional clients.

The AGDIEF will invest in leading infrastructure fund managers and will pursue co-investments alongside such managers globally. The target size of the fund amounts to 900 million euros. It will invest jointly with Allianz and follows the successful close of the Allianz European Infrastructure Fund (AEIF), which was raised last year. 

The AGDIEF will pursue primary fund commitments, secondary transactions and co-investments globally to build a diversified portfolio of core, core+ and value-add infrastructure assets. Target sectors include energy, transportation, communication, environmental and social infrastructure. Whereas the focus of the AEIF is on direct investments in core infrastructure assets in the Eurozone, the AGDIEF aims to deliver attractive risk-adjusted returns through a highly diversified global infrastructure portfolio. As is the case for the AEIF, the AGDIEF will be pursuing a co-investment approach with Allianz as Allianz will contribute at least the same amount as third-party investors commit to the target investments, thus ensuring strong alignment of interest.

Christian Fingerle, Chief Investment Officer at Allianz Capital Partners, said: “The AGDIEF will invest in funds and co-investments globally whereby co-investments enable the strategy to gain specific exposure to attractive market trends. We are delighted by the strong interest we have seen – even in these challenging times – from the market for our second infrastructure fund, which has an investment focus that is complementary to the AEIF. This will further strengthen our client offering at Allianz Capital Partners to the benefit of all our investors.”

Yves Meyer-Bülow, Head of Infrastructure Funds and Co-Investments at Allianz Capital Partners, added: “The AGDIEF seeks to build a defensive and cash-yielding portfolio of infrastructure funds and co-investments, diversified across sectors and regions globally. We are pleased that we can open the strategy that we successfully developed for Allianz investors to our institutional clients with a highly aligned approach.”

ACP is a leading international financial investor in infrastructure equity with more than 17 billion euros assets under management. In total, ACP manages more than 34 billion euros of alternative equity assets in private equity, infrastructure and renewables. ACP and AllianzGI manage 77 billion euros of alternative assets in aggregate. 

Allianz Capital Partners is one of the Allianz Group's asset managers for alternative equity investments and part of Allianz Global Investors. Allianz Capital Partners manages over 56 billion euros in alternative assets for the Allianz Group and third-party investors**. Our investment focus is on private equity, infrastructure and renewable energy. Our investment strategy aims to generate attractive, long-term and stable returns for our clients.

As of March 31, 2023.

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 533 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.
Data as at 31 December 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 746 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of March 31, 2024.

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Pia Groeger
Allianz Capital Partners
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