Allianz Global Investors (AllianzGI) has surpassed its €1 billion ($1.1 billion) target for the Allianz Infrastructure Credit Opportunities Fund II (AICOF II), raising €1.5 billion ($1.7 billion) of commitments from a diversified international institutional investor base across Europe and Asia at final close.
The fund is the second vintage of the AICOF strategy, which was launched in June 2024 and held its first close in December 2024.
The AICOF II aims to deliver attractive risk-adjusted returns through investments in senior and subordinated infrastructure debt investing at different layers of the capital structure. The investment focus is on energy, transport, communications, environmental and social infrastructure. AICOF II already has deployed around €1 billion ($1.1 billion) fund commitments so far, with investments made in a range of sectors including energy transition, digital and social infrastructure.
“Decarbonization and digitalization contin
