The Allianz European Infrastructure Fund (AEIF), managed by Allianz Global Investors, has closed on €860 million ($952 million) in capital commitments, several media sources have reported.
The fund initially launched with a target size of €500 million ($553 million), which was increased to €750 million ($830 million) and then again to its current target of €860 million ($952 million), following a first close in September that brought in €600 million ($664 million) in capital.
The fund will invest in infrastructure assets in the euro zone, including the energy (excluding renewable energy), transportation, communications, environmental and social sectors, according to Allianz.
“The market offers interesting investment opportunities, and we look forward to seizing them in partnership with our investors who share our mindset of investing for the long term in a sustainable manner,” said Christian Fingerle, CIO of Allianz Capital Partners, of the closure
