Allianz Infrastructure Credit Opportunities Fund II holds third close at EUR 1 billion

  • The second vintage fund of the Allianz Resilient Opportunistic Credit (AROC) strategy, the Allianz Infrastructure Credit Opportunities Fund II (AICOF II) has raised EUR 1.007bn
  • The AICOF II invests in different positions in the capital structure with a focus on Europe
  • The fund held its first close at EUR 533mn in December 2024
     

12 February 2026 | Allianz Global Investors (AllianzGI) today announced the successful third close of the Allianz Infrastructure Credit Opportunities Fund II (AICOF II) at EUR 1.007bn. AICOF II is the second vintage fund of the Allianz Resilient Opportunistic Credit (AROC) strategy which was launched in June 2024 and held its first close in December 2024. With this latest fundraise, the AICOF strategy has now attracted around EUR 1 billion in commitments from international institutional investors across Europe and Asia into its commingled fund platform.

The AICOF II aims to deliver attractive risk-adjusted returns through investments in senior and junior infrastructure debt investing at 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.

Marta Perez

Marta Perez, CIO Infrastructure at Allianz Global Investors, says: “Decarbonization and digitalization 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

Tom Lees, Senior Portfolio Manager, Infrastructure Debt, adds: “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.”

AllianzGI manages over EUR 95 billion in private markets, of which more than EUR 50 billion are in infrastructure assets, positioning the firm among the world’s leading infrastructure investors.1

 

Kontakt

Pia Gröger 
Phone +49 89 1220-8267 | Mobil +49 173 3586167
pia.groeger@allianzgi.com

Marion Leblanc-Wohrer
Phone +33 17305 7791
Marion.LeblancWohrer@allianzgi.com

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in over 20 offices worldwide and managing EUR 580bn in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets.

Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.



1 IPE Real Assets, September/October 2025: Top 100 Infrastructure Investors | IPE Real Assets

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