Allianz Global Investors (AllianzGI) has secured more than €530 million ($551 million) in a first closing of its Allianz Infrastructure Credit Opportunities Fund II (AICOF II), the second vintage fund of the Allianz Resilient Opportunistic Credit strategy.
AICOF II, an Article 8 fund under SFDR, was launched in June 2024.
AllianzGI said AICOF II 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 fund invests in different positions in the capital structure depending on their risk profile, with a focus on Europe. It targets sectors and subsectors across the energy, transport, communication, environmental and social infrastructure arenas.
The previous vintage fund, Allianz Resilient Opportunistic Credit Fund, closed to new investments in December 2023 with €455 million ($473 million) of commitments and has been approximat
