The Allianz Global Diversified Infrastructure Equity Fund II for institutional clients held its final close at EUR 1bn
Together AGDIEF and AGDIEF II attracted over EUR 2bn of commitments from institutional clients since 2020
Approximately 60% of the AGDIEF II are already committed
23.10.2023 | Allianz Global Investors (AllianzGI) today announced the final close of the Allianz Global Diversified Infrastructure Equity Fund II (AGDIEF II), which was held at EUR 1bn. The fund is managed by Allianz Capital Partners (ACP) and focuses on key investment themes, such as the energy transition, the digital transformation, sustainable mobility and the circular economy. Approximately 60% of the AGDIEF II are already committed.
In 2020, the indirect infrastructure equity investment strategy, which was originally only available to Allianz investors, was opened to other institutional clients with the launch of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The AGDIEF held its final close at the end of 2020, at over EUR 1bn. The successor fund AGDIEF II was launched in Q4 2021 and held its first close at EUR 550mn in the spring of 2022. Together, AGDIEF and AGDIEF II attracted over EUR 2bn in client commitments over four years.
AGDIEF II is an Article 8 fund under the SFDR (Sustainable Finance Disclosure Regulation) and typically 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. The launch of a successor strategy is planned for 2024.
Emmanuel Deblanc, Global Head of Private Markets at Allianz Global Investors, said: “Despite the current challenging market environment, we have been able to attract many clients, of which a large part had already invested in the predecessor, Allianz Global Diversified Infrastructure Equity Fund. We are very grateful for the trust of our new and existing clients for their continued support which underpins our strong positioning in private markets and the capability to deliver.”
Yves Meyer-Bülow, Head of Infrastructure Funds & Co-Investments at Allianz Capital Partners, added: “The launch of AGDIEF coincided with the outbreak of the COVID-19 pandemic and AGDIEF II was raised at a time of accelerating interest rates and war in Europe. The resilient performance of our AGDIEF series to date reflects the combination of global diversified investment portfolios, underlying infrastructure assets that generally provide essential services and a focus on sustainability.”
AllianzGI is offering a broad range of investment solutions and manages around EUR 90bn in private market assets.
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 520 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.
Data as at 30 June 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Asset Management companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor. This excludes assets for which Allianz Asset Management companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
For professional clients only
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. AGDIEF II Feeder FCP-RAIF is an open-ended investment fund organised under the laws of Luxembourg. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency. This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or specific needs of any particular person and are not guaranteed. The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail.
For investors in Europe (excluding Switzerland & the United Kingdom) For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact the management company Carne Global Fund Managers (Luxembourg) S.A. in the fund’s country of domicile, Luxembourg, or the issuer at the address indicated below or www.allianzgi-regulatory.eu. Austrian investors may also contact the Austrian information agent Erste Bank der österreichischen Sparkassen AG, Am Belvedere 1, AT-1100 Vienna. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established branches in France, Italy, Spain, Luxembourg, Sweden, Belgium and the Netherlands. Contact details and information on the local regulation are available here (www.allianzgi.com/Info). The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
For investors in Switzerland For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact the management company Carne Global Fund Managers (Luxembourg) S.A. in the fund’s country of domicile, Luxembourg, the Swiss funds’ representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich or the editor either electronically or by mail at the given address or regulatory.allianzgi.com. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
For investors in the United Kingdom For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Investor Information Document, latest annual and semi-annual financial reports, contact the issuer at the address indicated below or regulatory.allianzgi.com. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors UK Limited, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk. Allianz Global Investors UK Limited, company number 11516839, is authorised and regulated by the Financial Conduct Authority. Details about the extent of our regulation are available from us on request and on the Financial Conduct Authority's website (www.fca.org.uk). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors UK Limited.