AllianzGI Raises USD 744 Million at First Close of Asia Pacific Secured Lending Fund III

• AllianzGI announced the first close of the Allianz Asia Pacific Secured Lending Fund III, securing USD 744 million in commitments and building on the success of prior vintages.
• The fund provides institutional investors access to Asia Pacific middle market private credit opportunities, focusing on high‑growth companies across Southeast Asia, South Asia and Oceania.
• The strategy provides diversified exposure across sectors and countries in Asia Pacific investing in sectors supported by long-term structural growth trends and defensive characteristics.

23.06.2026 | Allianz Global Investors (AllianzGI) today announced the first close of Allianz Asia Pacific Secured Lending Fund III (AAPSLF III), securing commitments of USD 744 million. The fund enables institutional investors to invest alongside Allianz in Asia Pacific middle-market private credit opportunities.

AAPSLF III represents the third vintage of AllianzGI’s established Asia Pacific middle market lending strategy underpinned by a demonstrated track record across market cycles in the region. The strategy targets high-growth companies across Southeast Asia, South Asia, Oceania and selected Asia Pacific markets (excluding China), leveraging deep local expertise and on-the-ground origination capabilities. The strategy is managed by AllianzGI’s Asia Private Credit platform, led by Sumit Bhandari, which has been investing across a broad spectrum of sectors and transaction types, establishing a strong track record in the region.

Sumit Bhandari, Head of Asia Private Credit at Allianz Global Investors, commented: "We believe that Asia Pacific continues to offer a compelling opportunity set for private credit investors, particularly in the middle market where access to flexible capital remains limited. With our established deployment track record across the region our platform is well positioned to originate proprietary opportunities and provide flexible capital solutions to high-quality middle-market businesses. We remain focused on disciplined underwriting, which should help limit downside potential and generate competitive risk-adjusted returns for investors and are pleased to see strong support from many of our existing investors in the AAPSLF III.”

The fund seeks to provide tailored financing solutions across the capital structure to middle market companies with consistent earnings and cash flows, strong market positioning, and robust governance. It targets investments in companies benefiting from long-term structural growth trends, including healthcare, education, digital infrastructure and the energy transition, as well as businesses with resilient cash flows and defensive characteristics.

Asia Pacific private credit continues to benefit from growing demand for non-bank financing as regulatory constraints and bank retrenchment create funding gaps across the region, creating opportunities for private credit investors seeking diversification and, income. Against this backdrop, institutional investors are increasingly allocating to Asia Pacific private credit as the asset class continues to mature and scale. 

AllianzGI has built a dedicated Asia Private Credit platform since 2018. The team combines deep local market expertise with the resources of AllianzGI's global Private Markets platform, which comprises around 170 investment professionals worldwide and manages approximately EUR 97 billion in private markets assets (as of 31 March 2026).

For media and other enquiries, please contact:

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

Marion Leblanc-Wohrer
P +33 17305 7791
Email: 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.