AllianzGI announces the first closing of its ”European Private Credit III - Invest for Positive Change” fund
- The “European Private Credit III - Invest for Positive Change” fund, reserved for institutional clients, raised €300 million in its first closing from around ten European investors
- “EPC III - Invest for Positive Change” offers investors the opportunity to invest alongside Allianz in senior debt of medium-sized companies in Continental Europe
- The fund's extra-financial objective is to help medium-sized companies adopt better ESG practices
18.01.2024 | Allianz Global Investors, one of the world's leading active asset managers, announces the first closing of its “European Private Credit III Invest for Positive Change” fund (EPC III) launched in November 2023 with €300 million in commitments raised.
EPC III has a target of raising €750 million (with a hard cap of €1,000 million).
Like its predecessor EPC II, “EPC III - Invest for Positive Change” offers investors the opportunity to invest alongside Allianz in senior debt of medium-sized companies in Continental Europe. EPC III is classified under article 81 and has the extra-financial objective of helping medium-sized companies to improve their ESG practices. The target companies (from all sectors, except finance and real estate) are characterised by stable balance sheets and a desire to pursue their growth by relying on institutional players. The majority of investments will be financing indexed to sustainability criteria2 .
"The deployment of EPC II, which is now almost 90% invested, has demonstrated the relevance of our approach from the point of view of both investors and borrowers. Thanks the trust of our investors demonstrated by our recent fundraisings, our total commitment capacity for each transaction exceeds €100 million. This allows AllianzGI to facilitate and secure transactions in an environment that remains volatile," says Damien Guichard, Head of European Private Credit at AllianzGI.
“EPC III - Invest for Positive Change” is one of the funds managed by the European Private Credit investment team, led by Damien Guichard and based in Paris and Munich. It has completed nearly 100 mid-market transactions across Europe and currently manages around €9 billion for Allianz and third-party investors.
AllianzGI currently manages a wide range of investment solutions and around €90 billion in private market assets.
Contact:
Pia Gröger
Phone: +49 89 1220-8267
pia.groeger@allianzgi.com
Hannah Knarr
Phone: +49 174 1969607
hannah.knarr@allianzgi.com
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 516 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.
Data as at 30 September 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-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.
1 According to the SFDR classification.
2 The proceeds of the financing are allocated to the general needs of the company, but there is a contractual commitment to achieve sustainability objectives, with the cost of the debt indexed according to whether or not these objectives are met. Source: France -Invest.
-
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. ALLIANZ EUROPEAN PRIVATE CREDIT FUND III Invest for Positive Change is a sub-fund of Allianz Private Credit Fund, S.A. SICAV-RAIF SICAV, an open-ended investment company with variable share capital organised under the laws of Luxembourg. Past performance does not predict future returns. Investment funds may not be available for sale in all jurisdictions or to certain categories of investors.
For investors in Europe (excluding Switzerland & the United Kingdom)
For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact the issuer at the address indicated below or www.allianzgi-regulatory.eu. Austrian investors may also contact the Austrian information agent Erste Bank der österreichischen Sparkassen AG, Am Belvedere 1, AT-1100 Vienna. 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.
For investors in Switzerland
For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Information Document, latest annual and semi-annual financial reports, contact the management company Allianz Global Investors GmbH in the fund’s country of domicile, France, the Swiss funds’ representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich or the editor either electronically or by mail at the given address 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 (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
For investors in the United Kingdom
For a free copy of the sales prospectus, incorporation documents, daily fund prices, Key Investor Information Document, latest annual and semiannual financial reports, 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 and on the Financial Conduct Authority's website (www.fca.org.uk). 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.
Admaster: 3290755