Allianz Infrastructure Credit Opportunities II Fund raises €533m

The second vintage fund of the Allianz Resilient Opportunistic Credit (AROC) strategy, the Allianz Infrastructure Credit Opportunities Fund II (AICOF II), has raised €533m (£442m) at first close.

The previous vintage fund, Allianz Resilient Opportunistic Credit Fund, closed to new investments in December 2023 with €455m in commitments and has been around 90 per cent deployed or committed to investments.

The strategy has raised almost €1bn into commingled funds from international institutional investors across Europe and Asia.

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AICOF II, which launched in June 2024, focuses on sustainability-friendly infrastructure debt investments across energy, transport, communication, environmental and social.

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“After over a decade of investing we can now look back on over 150 transactions in more than 20 countries,” said Claus Fintzen, chief investment officer infrastructure debt at AllianzGI. “Against the light of large investments needed to bridge the infrastructure gap and the current interest rate environment we see attractive investment opportunities for institutional investors in building the infrastructure for tomorrow.”

Tom Lees, senior portfolio manager, infrastructure debt, added: “We are very grateful for the strong interest in the Allianz Infrastructure Credit Opportunities Fund II. With this addition to our infrastructure debt offering, we aim to provide investors with access to the full range of infrastructure debt sectors across the entire capital structure and high yielding return potential.”

AllianzGI manages more than €90bn in private markets, of which more than €50bn are infrastructure assets.

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