Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, has announced that its infrastructure debt platform, first launched in 2012, has reached EUR 20 billion in cumulative investments. The platform has closed more than 100 investments in 20 countries across 3 strategies, with 95 of these transactions being inaugural investments into individual infrastructure projects or companies, whilst the remaining 6 transactions have been upsizing or tap investments into existing borrowers.
AllianzGI’s infrastructure debt platform has provided financing around the world across greenfield / construction projects, brownfield projects, acquisition financing and corporate refinancing, covering the full range of infrastructure sub-sectors. Over the past 10 years, the teams have provided financing on projects including the largest bridge in Ireland, hybrid ferries in Norway, and one of the largest solar plants in Chile, just to name a few.
The deal sourcing capabilities of the platform allowed the team to successfully navigate the market turbulence caused by Covid-19 and added EUR 2.2 billion of investments in 2020. In 2021 the team completed 14 transactions, amounting to EUR 2bn. The strategy aims to generate higher-end credit returns by investing in core, core+ and core++ / value-add infrastructure corporates.
AllianzGI is one of the leading investors in private markets and pioneer of infrastructure debt, establishing it as an asset class.
Commenting on this milestone, Claus Fintzen, CIO Infrastructure debt at AllianzGI, said:
“We are very proud to reach this EUR 20 billion milestone. During the last 10 years our award-winning team has closed numerous transactions across a variety of asset classes, from PPP and fibre to utilities and renewables. Infrastructure debt plays more than ever an important role in the modernization and further development of infrastructure, and we look forward to many new deals in the coming years.”