Allianz Global Investors (AllianzGI) has raised an initial US$270m (€230m) for its newly-launched Asia-Pacific infrastructure credit fund, anchored by cornerstone commitments from International Finance Corporation (IFC) and Indonesia Investment Authority (INA).
The firm said Allianz Asia Pacific Infrastructure Credit Fund is expected to hold its final close in 2027, without disclosing a specific fundraising target.
The fund will focus on providing secured, bespoke private credit solutions to infrastructure and infrastructure‑like businesses predominantly across South and Southeast Asia.
“The fund aims to invest primarily in senior and unitranche credit instruments at the operating company or holding company level, backed by essential infrastructure assets with resilient or contracted cash flows, strong asset coverage and with a focus on mitigating downside risks,” AllianzGI said.
It will target energy transition and renewables, power transmission and distribution digital infrastructure, transportation and logistics and environmental services such as water and waste.
Sumit Bhandari, head of Asia private credit at AllianzGI, said: “We are pleased to have achieved the first close of our Asia Pacific Infrastructure Credit Fund, supported by cornerstone commitments from IFC and INA.
“This fund marks the launch of a new infrastructure‑focused offering alongside our established Asia-Pacific secured lending strategies. South and Southeast Asia continue to present compelling opportunities, supported by strong structural demand for infrastructure and a clear role for private credit in addressing financing gaps.”
Allen Forlemu, regional industry director, financial institutions group, Asia-Pacific at IFC, said: “Addressing infrastructure financing gaps in South and Southeast Asia is critical to sustaining growth, strengthening job creation, supporting the energy transition and expanding access to essential services.
“IFC is pleased to support AllianzGI’s Asia Pacific Infrastructure Credit Fund, which brings much needed long-term capital to high quality infrastructure platforms in the region. This fund underscores the important role of private capital in complementing public financing and advancing bankable, resilient infrastructure.”
Merlissa Trisno, director of funds and capital partnering at INA, said: “Our participation reflects INA’s disciplined approach to investing in opportunities aligned with our sector priorities. The inclusion of an Indonesia nexus is particularly important, as it creates a pathway for international institutional capital to support Indonesia-linked opportunities and generate broader multiplier effects.
“This collaboration reinforces INA’s ongoing partnership with AllianzGI, building on a successful working relationship and demonstrated execution capability, enabling continued access to Indonesia-linked co-investment opportunities and contributing to long-term capability-building, institutional learning and platform development.”
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