Allianz Global Investors (AllianzGI) has completed the first closing of its Article 9 Impact Private Credit (IPC) strategy after securing €560 million ($621 million) of total commitments from institutional investors in Europe.
The investor lineup included Allianz, APG Asset Management, the European Investment Fund (backed by the European Union’s InvestEU initiative) and La France Mutualiste, who invested across two funds. With these commitments, IPC has rapidly reached more than half of its target size.
IPC offers impact direct lending solutions to European small and medium-sized enterprises (SMEs) and small to mid-market companies whose core business is to provide solutions to crucial environmental and social challenges. The strategy focuses on three core themes: climate change, planetary boundaries and inclusive capitalism.
Its targeted companies seek to offer products or services that have a measurable positive impact on key environmental or social challe