More than EUR 10bn in indirect infrastructure equity AuM reached
- Allianz Capital Partners exceeds milestone of over EUR 10bn AuM in indirect infrastructure equity
- ACP launched its indirect infrastructure equity investment strategy in 2016 which now comprises a portfolio of more than 50 funds and co-investments with underlying investments across six continents
- The Allianz Global Diversified Infrastructure Equity Fund II for institutional clients held its second close at close to EUR 700mn
- The predecessor fund AGDIEF recently concluded its investment period, within two years of its final close
2 December 2022 In 2016, Allianz Capital Partners (ACP), a company of Allianz Global Investors, launched its indirect infrastructure equity investment strategy on behalf of Allianz insurance companies. Since then, ACP has built a portfolio of more than 50 infrastructure funds and co-investments with portfolio companies across six continents and more than EUR 10bn in Assets under Management (AuM).
In 2020, the strategy, which was originally only available to Allianz investors, was opened to further institutional clients with the launch of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund concluded its investment period in October 2022 and has delivered a double-digit net IRR to investors to date. In 2022, the successor fund AGDIEF II was launched and held its second close this autumn at close to EUR 700mn. The investment strategy focuses on key investment themes, such as the energy transition, the digital transformation, sustainable mobility and the circular economy.
AGDIEF II is an Article 8 fund under the SFDR (Sustainable Finance Disclosure Regulation) and 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. The investment portfolio is expected to be highly diversified in terms of sectors, regions and number of underlying investments. Final close is expected during 2023.
Yves Meyer-Bülow, Head of Infrastructure Funds & Co-Investments at Allianz Capital Partners:
“We have launched the indirect infrastructure equity investment strategy of ACP in 2016 with a global mandate. The strategy has exceeded our initial expectations with AuM of more than EUR 10bn and delivering a double-digit net IRR across the entire portfolio to date. We would not have been able to achieve this without the support from Allianz and so many prior and new institutional investors. We are grateful for the trust of our clients who committed to the AGDIEF series and mandates. We seek to build a defensive and cash-yielding portfolio of infrastructure funds and co-investments in energy, communication and transportation as well as social and environmental infrastructure.”
ACP is a leading international infrastructure equity investor with more than EUR 25bn in AuM. AllianzGI is offering a broad range of investment solutions and manages around EUR 90bn in private market assets.
For further Information, please contact:
Stefan Lutz Tel. +49 69 24431-4276 Email: stefan.lutz@allianzgi.com
Pia Gröger Tel. +49 89 1220-8267 Email: pia.groeger@allianzgi.com
Klaus Papenbrock Tel. +49 69 24431-2476 Email: klaus.papenbrock@allianzgi.com
About Allianz Capital Partners
Allianz Capital Partners is one of Allianz Group's asset managers for alternative equity investments and is part of Allianz Global Investors. With offices in Munich, London, Luxembourg, New York and Singapore, Allianz Capital Partners manages more than EUR 56 billion of alternative assets on behalf of Allianz Group and institutional investors.* Our investment focus is on private equity, infrastructure and renewable energy. Our investment strategy is targeted to generate attractive, long-term and stable returns for our clients.
About Allianz Global Investors:
Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 521 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.
Active is: Allianz Global Investors
*Data as at 30 September 2022
Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Asset Management companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor. This excludes assets for which Allianz Asset Management 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.