Allianz Capital Partners exceeds milestone of over EUR 10bn AuM in indirect infrastructure equity
ACP launched its indirect infrastructure equity investment strategy in 2016 which now comprises a portfolio of more than 50 funds and co-investments with underlying investments across six continents
The Allianz Global Diversified Infrastructure Equity Fund II for institutional clients held its second close at close to EUR 700mn
The predecessor fund AGDIEF recently concluded its investment period, within two years of its final close
2 December 2022 | 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.
Yves Meyer-Bülow, Head of Infrastructure Funds & Co-Investments at Allianz Capital Partners:
“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.”
ACP is a leading international infrastructure equity investor with more than EUR 25bn in AuM.
AllianzGI is offering a broad range of investment solutions and manages around EUR 90bn in private market assets.
About Allianz Capital Partners
Allianz Capital Partners is one of Allianz Group's asset managers for alternative equity investments and is part of Allianz Global Investors. With offices in Munich, London, Luxembourg, New York and Singapore, Allianz Capital Partners manages more than EUR 56 billion of alternative assets on behalf of Allianz Group and institutional investors.* Our investment focus is on private equity, infrastructure and renewable energy. Our investment strategy is targeted to generate attractive, long-term and stable returns for our clients.
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 521 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.
Active is: Allianz Global Investors
*Data as at 30 September 2022
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.
Investing involves risk. Infrastructure equity investments are highly illiquid and designed for professional investors pursuing a long-term investment strategy only
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. Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including positions with respect to short-term fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions. AGDIEF 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.
Allianz Global Diversified Infrastructure Equity Fund II has been classified as an Article 8 under SFDR: EU Sustainable Finance Disclosure Regulation. Information accurate at time of publishing. Investors should take into account all the characteristics and/ or objectives of the fund as described in its legal Fund documentation.
For investors in Europe (excluding Switzerland)
For a free copy of the sales prospectus, incorporation documents, daily fund prices, key investor information, 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 the United Kingdom, 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 investor information, 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.