In 2016, Allianz Capital Partners (ACP), a company of Allianz Global Investors, launched its indirect infrastructure equity investment strategy on behalf of Allianz insurance companies. Since then, ACP has built a portfolio of more than 50 infrastructure funds and co-investments with portfolio companies across six continents and more than EUR 10bn in Assets under Management (AuM).
In 2020, the strategy, which was originally only available to Allianz investors, was opened to further institutional clients with the launch of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund concluded its investment period in October 2022 and has delivered a double-digit net IRR to investors to date. In 2022, the successor fund AGDIEF II was launched and held its second close this autumn at close to EUR 700mn. The investment strategy focuses on key investment themes, such as the energy transition, the digital transformation, sustainable mobility and the circular economy.
AGDIEF II is an Article 8 fund under the SFDR (Sustainable Finance Disclosure Regulation) and invests alongside Allianz in a global portfolio of core, core+ and selectively value-add infrastructure investments through primary fund commitments, secondary transactions and co-investments. The investment portfolio is expected to be highly diversified in terms of sectors, regions and number of underlying investments. Final close is expected during 2023.
“We have launched the indirect infrastructure equity investment strategy of ACP in 2016 with a global mandate. The strategy has exceeded our initial expectations with AuM of more than EUR 10bn and delivering a double-digit net IRR across the entire portfolio to date. We would not have been able to achieve this without the support from Allianz and so many prior and new institutional investors. We are grateful for the trust of our clients who committed to the AGDIEF series and mandates. We seek to build a defensive and cash-yielding portfolio of infrastructure funds and co-investments in energy, communication and transportation as well as social and environmental infrastructure”.
Yves Meyer-Bülow, Head of Infrastructure Funds & Co-Investments at Allianz Capital Partners
