AllianzGI’s core private markets fund raises over €400m
Allianz Global Investors’ Core Private Markets fund has raised over €400m (£337m) since its launch in summer 2023 from clients across Europe, the firm announced today.
The semi-liquid, cross-private markets strategy – the first of its kind for Allianz – allows both professional and well-informed investors to gain exposure to infrastructure, private debt, and private equity. The fund has a target size of €3bn.
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The fund has a total return swap structure, which allows the fund to be fully invested immediately, accessing the performance of a private markets basket of the Allianz balance sheet without having to invest directly in the underlying assets.
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“As one of the leading investors in private markets, we are very proud of the strong interest of clients in this solution which is proof of our successful product development and innovation capabilities,” said Edouard Jones, head of distribution, Europe, at Allianz Global Investors.
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“We see more and more interest of clients in evergreen funds that allow for access to the sophisticated private markets asset universe with more flexibility while generating attractive returns. We are very delighted that the [fund], through its innovative structure, can play a relevant role in this environment.”
