Allianz Global Investors (AllianzGI) has raised more than €600 million ($706 million) in capital commitments in the first closing of its Allianz Global Diversified Infrastructure Equity Fund (AGDIEF).
The fund, which was launched earlier this year and is managed by Allianz Capital Partners (ACP), is seeking to raise €900 million ($1 billion) in capital commitments.
AGDIEF will pursue primary fund commitments, secondary transactions and co-investments globally to build a diversified portfolio of core, core-plus and value-add infrastructure assets. Target sectors include energy, transportation, communication, environmental and social infrastructure.
AGDIEF will pursue a co-investment approach with Allianz, as the firm will contribute at least the same amount as third-party investors commit to the target investments.
“The AGDIEF will invest in funds and co-investments globally whereby co-investments enable the strategy to gain specific exposure to attr
