Allianz Global Investors (AllianzGI) has raised around €1bn at the third close of its Allianz Global Diversified Infrastructure Equity Fund III (AGDIEF III), including related transaction vehicles. 

With this closing, its AGDIEF strategy has raised over €3bn to date.

The French asset manager said that having held its first close in August 2025, the AGDIEF III “continues to offer international institutional investors access jointly with Allianz to a diversified global portfolio of core, core plus and selectively value-add infrastructure investments through primary commitments to infrastructure funds, secondary transactions and co-investments”.

Target sectors of the AGDIEF III include energy, communication and transportation as well as social and environmental infrastructure. The investment portfolio is expected to be diversified in terms of sectors, regions and number of underlying investments, the manager added.

Maria Aguilar-Wittmann, co-head of infrastructure funds, co-investments & secondaries at AllianzGI, said: “The about €1bn fundraising for AGDIEF III underscores the trust our clients place in our ability to deliver long-term, stable returns through infrastructure primary fund commitments, co-investments and secondaries. Thanks to our strong network, investors can also benefit from preferential access to investment opportunities and attractive terms. We are proud to continue building on our strong track record in this space.”

Tilman Müller, co-head of infrastructure funds, co-investments & secondaries at AllianzGI, added: “We are delighted by the strong support from both new and existing investors. AGDIEF III’s successful fundraising reflects the growing appetite for infrastructure investments that offer long-term value and benefit from key global trends such as energy security, digital transformation and the electrification of transport, heating and industry.”

This latest fundraise follows news in February that AllianzGI raised a total of €1bn at the third close of its latest infrastructure debt fund. 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 fund platform, the investment manager said.

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