Allianz GI announces the first closing of its second private debt secondary fund for 1.200 billion
10 DEC, 2025
By Joanna Piwko from RankiaPro Europe
Allianz Global Investors announced today the first closing of the Allianz Private Debt Secondaries Fund II (APDS II), including related vehicles, for 1.2 billion euros.
The new fund extends the trajectory of its predecessor, backed by the strong interest of numerous international institutional investors.
Strategy and positioning
In line with APDS I, APDS II focuses on senior opportunities, selectively complemented with opportunistic positions, with the aim of building a diversified portfolio among managers, sectors and geographies. Thanks to Allianz GI's solid private debt program and its extensive international network, the vehicle aims to offer its participants access to secondary opportunities in the United States, Europe and Asia.
APDS I was launched in September 2022 and reached its final closing in December 2024. With this new milestone, AllianzGI strengthens its private markets platform, which manages around 97 billion euros and offers a wide range of investment solutions.
The private debt secondary market has experienced substantial growth in the last two years, with many investors seeking flexibility and portfolio optimization. AllianzGI was one of the first asset managers to introduce a secondary strategy three years ago. We are proud to have strengthened our leadership position and deeply appreciate the trust and great interest that our current clients have shown in our successor fund, APDS II.
Alexandra Auer, Head of Distribution for EMEA at Allianz GI
Secondary transactions in private debt are becoming a key element of many institutional investors' portfolios and we expect them to continue growing in the coming years. As a result, we see strong investment potential, especially in private credit, and look forward to leveraging many new attractive opportunities for our clients.
Joaquín Ardit, Main Portfolio Manager of Allianz Private Debt Secondaries
