Allianz Global Investors (Allianz GI) has announced a third close for its Allianz Infrastructure Credit Opportunities Fund II (AICOF II), raising more than €1 billion ($1.2 billion), according to various news sources.
Commitments came from international institutional investors across Europe and Asia.
AICOF II is the second vintage fund of the Allianz Resilient Opportunistic Credit strategy. The previous vintage fund, Allianz Resilient Opportunistic Credit Fund, closed to new investments in December 2023 with €455 million ($541 million) in commitments.
AICOF II, which was launched in June 2024, intends to achieve an attractive risk-adjusted return through infrastructure debt investments that will directly or indirectly be made in senior secured, second lien and subordinated debt. The strategy will invest at different positions in the capital structure depending on their risk profile. AICOF II is an Article 8 fund under SFDR and targets sectors and subsegments
