Allianz Global Investors (AllianzGI) has raised an initial €220m for its global infrastructure and energy transition debt fund.

The asset manager said the Allianz Global Infrastructure and Energy Transition Debt Fund (AGIETD) – launched in mid-January 2023 – was backed by institutional investors across Europe at its first close. It added that Allianz insurance portfolios are a major investor in the fund.

AllianzGI is seeking to raise €750m for AGIETD, an Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation. 

AGIETD is the first dedicated infrastructure and energy transition debt fund of AllianzGI. The fund will invest in a diversified portfolio of infrastructure and energy transition assets across multiple vintage years, managers, sectors and geographies, the manager said.

Alexander Schmitt, senior portfolio manager at AllianzGI, said: “The safety of energy supply and the energy transition are in focus today. Private investors can play a vital role here. AllianzGI can look back on a long track record of investing into infrastructure, renewables and debt funds.

”We are delighted that we can offer institutional investors with our first dedicated energy transition fund the opportunity to drive the path towards decarbonisation while aiming to generate stable and attractive cash yields.”

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