Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Global Infrastructure and Energy Transition Debt Fund (AGIETD) at EUR 220mn. The fund is the first dedicated energy transition debt fund of AllianzGI after having raised several billion for renewables and impact investing strategies and will be classified as an Article 8 Fund under the EU Sustainable Finance Disclosure Regulation.
The AGIETD was launched mid of January 2023 and managed to raise within only a few weeks commitments from institutional investors across Europe. The target fund size is EUR 750mn.
With the AGIETD institutional investors can leverage Allianz´s strong market position and participate in primary and secondary funds as well as co-investments that invest across regions and infrastructure sectors with a focus on energy transition. Allianz will be a strong anchor investor contributing at least 50% of capital to each transaction. The AGIETD aims to provide investors with diversified access to infrastructure and energy transition assets across multiple vintage years, managers, sectors, and geographies and along the capital structure.
“The safety of energy supply and the energy transition is in focus today. Private investors can play a vital role here. AllianzGI can look back on a long track record of investing into infrastructure, renewables and debt funds. We are delighted that we can offer institutional investors with our first dedicated energy transition fund the opportunity to drive the path towards decarbonization while aiming to generate stable and attractive cash yields.”
Alexander Schmitt, Senior Portfolio Manager at AllianzGI.
The AGIETD is managed by the same team as the Allianz Global Diversified Private Debt Fund (AGDPDF), the Allianz Global Real Estate Debt Opportunities Fund (AGREDO), and the Allianz Private Debt Secondaries Fund (APDS).
AllianzGI is offering a broad range of investment solutions and manages around EUR 85bn* in private market assets.
