Allianz Global Investors (AllianzGI) has completed the final close of its Allianz Global Diversified Infrastructure Equity Fund II (AGDIEF II) at €1 billion ($1.1 billion).
AGDIEF II typically invests alongside Allianz in a global portfolio of core, core-plus and selectively value-add infrastructure investments through primary fund commitments, secondary transactions and co-investments. The investment portfolio is expected to be highly diversified in terms of sectors, regions and number of underlying investments.
The Article 8 fund is managed by Allianz Capital Partners (ACP) and focuses on key investment themes, including the energy transition, the digital transformation, sustainable mobility and the circular economy. AllianzGI said 60 percent of the AGDIEF II is already committed.
In 2020, the indirect infrastructure equity investment strategy, which was originally only available to Allianz investors, was opened to other institutional clients with the launch