Allianz Global Diversified Infrastructure Equity Fund III holds third close at about EUR 1 billion

  • The AGDIEF III, the third vintage fund of this strategy, holds third close at c.EUR 1 billion, including related transaction vehicles. 
  • With this closing, AllianzGI´s Global Diversified Infrastructure Equity (AGDIEF) strategy has raised over EUR 3 billion to date.
  • The fund invests alongside Allianz in a global portfolio of core, core+ and selectively value-add infrastructure investments through primary fund commitments, secondary transactions and co-investments.
     

21 May 2026  | Allianz Global Investors (AllianzGI) today announced the third close of its Allianz Global Diversified Infrastructure Equity Fund III (AGDIEF III), including related transaction vehicles, at c.EUR 1 billion. Having held its first close in August 2025, the AGDIEF III continues the successful track record of its predecessors by offering international institutional investors access jointly with Allianz to a diversified global portfolio of core, core+ 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 fund is advanced in its deployment with already a significant number of investments into quality infrastructure funds, co-investments and secondaries across all infrastructure sectors.

Maria Aguilar-Wittmann

Maria Aguilar-Wittmann, Co-Head of Infrastructure Funds, Co-Investments & Secondaries at AllianzGI, commented: “The about 1 billion 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 Muller

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.”

The AGDIEF strategy is managed by AllianzGI’s Infrastructure Funds, Co-Investments & Secondaries team, based in Munich, London, and New York. The team has completed more than 100 transactions globally and currently manages over EUR 12 billion for Allianz and third-party investors. AllianzGI is offering a broad range of investment solutions and manages  around EUR 97 billion in private market assets - including more than EUR 50 billion in infrastructure.


Contact

Pia Gröger
P +49 89 1220 8267 
Pia.Groeger@allianzgi.com

Marion Leblanc-Wohrer
P +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 22 offices worldwide, and managing EUR 598 billion 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.

Data as at 31 March 2026. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-à-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group. Source: Allianz Global Investors; figures source Finance – firm AUM (single count) by investment asset class. 

Private Markets investments are highly illiquid and designed for professional investors pursuing a long-term investment strategy only. This document is not a contractually binding document or an information document required by any legislative provision, and is not sufficient to take an investment decision. This is a marketing communication. Please refer to the legal and regulatory documentation of the AGDIEF III before making any final investment decisions. Target return assumptions may be based on the investment team’s experience with predecessor funds, market participants and other stakeholders of the industry. Actual returns from an investment in the portfolio over any given time horizon may vary significantly from the target return assumptions. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. To the extent we express any prognoses or expectations in this document or to make any forward-looking statements, these statements may involve risks. Investments in the Fund entail a high degree of risk and no assurance can be given that the investment objectives will be achieved or that investors will receive a return on their capital. Please refer to Fund legal documentation for a full description of General and Specific Risk Factors. Actual results and developments may therefore differ materially from the expectations and assumptions made. On our part, there is no obligation to update target return assumptions and forward-looking statements presented herein. Allianz Global Investors may terminate arrangements made for marketing, including by way of de-notification. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.

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For investors in Europe (excluding Switzerland and the United Kingdom) For a free copy of the offering memorandum, subscription documents and the latest annual report, contact Allianz Global Investors GmbH, either electronically or by mail at the given address. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established branches in France, Italy, Spain, Luxembourg, Sweden, Belgium and the Netherlands. Contact details and information on the local regulation are available here (www.allianzgi.com/Info). The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.

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For investors in the United Kingdom For a free copy of the offering memorandum, subscription documents and the latest annual report, contact the issuer at the address indicated below or regulatory.allianzgi.com. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors UK Limited, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk. Allianz Global Investors UK Limited company number 11516839 is authorised and regulated by the Financial Conduct Authority. Details about the extent of our regulation are available from us on request. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors UK Limited. Contact details and information on the local regulation are available here (www.allianzgi.com/Info). This document is directed only at persons who are professional investors for the purposes of the Alternative Investment Fund Managers Regulations 2013, as amended, and is accordingly exempt from the financial promotion restriction in Section 21 of the Financial Services and Markets Act 2000 (“FSMA”) in accordance with article 29(3) of the FSMA (Financial Promotions) Order 2005. The opportunity to invest in the Fund is only available to such persons in the United Kingdom and this Document must not be relied or acted upon by any other persons in the United Kingdom.

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