The first closing of the Allianz European Infrastructure Fund II was announced today by Allianz Global Investors (AllianzGI). The fund, which was launched in December 2021 and is managed by Allianz Capital Partners GmbH (ACP), has received EUR 880 million in commitments from institutional clients across Europe.
It will allow institutional investors to participate in infrastructure with Allianz on a long-term basis. The AEIF II follows the successful launch of ACP’s first infrastructure fund, the AEIF I, which closed with total pledges of EUR 860 million at the end of 2019. More than 85% of the AEIF I has already been invested or committed.
The AEIF II drew a lot of interest from investors, and it only took three months for the first close. Clients will be able to participate in equity alongside Allianz through the AEIF II, with a focus on assets that are critical to society in the energy, communication, transportation, environmental, and social sectors.
The AEIF II will primarily invest in Europe, with the ability to seek opportunities in OECD nations outside of Europe on a case-by-case basis.
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