Allianz Global Investors (AllianzGI) has raised a total of €1bn at the third close if its latest infrastructure debt fund.
The Allianz Infrastructure Credit Opportunities Fund II (AICOF II) – the successor to its Allianz Resilient Opportunistic Credit Fund – attracted investments from international institutional investors across Europe and Asia into its commingled fund platform, the investment manager said.
AICOF II, launched in June 2024, held its first close at €533m in December the same year.
AllianzGI said AICOF II aims to deliver attractive risk-adjusted returns through investments in senior and junior infrastructure debt investing in different layers of the capital structure. The investment focus is on energy, transport, communication, environmental and social infrastructure. The AICOF II is “advanced in its deployment” with recent investments made in digital infrastructure assets such as data centres and fibre network projects, AllianzGI added.
Marta Perez, CIO infrastructure at AllianzGI, said: “Decarbonisation and digitalisation remain the dominant structural themes in infrastructure investing, and demand for infrastructure debt remains strong. With one of the largest and most experienced teams in the industry, we are well positioned to capture attractive opportunities for our institutional investors while contributing to the energy transition and digital transformation.”
Tom Lees, senior portfolio manager, infrastructure debt, at AllianzGI, said: “We are delighted by the strong interest from both new and existing international institutional investors in the Allianz Infrastructure Credit Opportunities Fund II. The strategy allows investors to access the full spectrum of infrastructure debt across the capital structure and benefit from attractive return potential, leveraging our strong market position.”
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