Allianz GI exceeds 1.007 billion in the third closing of its infrastructure debt fund
13 FEB, 2026
By Joanna Piwko from RankiaPro Europe
Allianz Global Investors has announced the third closing of Allianz Infrastructure Credit Opportunities II (AICOF II), which increases the size of the vehicle to 1.007 billion euros. AICOF II is the second fund of the Allianz Resilient Opportunistic Credit (AROC) strategy, launched in June 2024 and which made its first closing in December 2024.
The fund is in an advanced deployment phase, with recent investments in digital infrastructures, including data centers and fiber network projects. Allianz GI manages more than 95,000 million euros in private market assets, of which more than 50,000 million correspond to infrastructures, placing the firm among the largest investors in this segment globally.
Strategy and investment focus
AICOF II seeks to offer attractive risk-adjusted returns through investments in infrastructure debt, both senior and junior, at different levels of the capital structure. The strategy focuses on assets in the energy, transport and communications sectors, prioritizing projects with a focus on environmental and social aspects.
Decarbonization and digitization continue to be the main structural drivers of investment in infrastructure, and the demand for debt in this segment remains strong. Thanks to one of the broadest and most experienced teams in the sector, we are in an optimal position to identify and take advantage of attractive opportunities for our institutional investors, while actively contributing to the energy transition and digital transformation.
Marta Pérez, CIO of Infrastructure at Allianz Global Investors
