UPDATE 1-Allianz Global Investors secures $270 million for Asian infrastructure credit fund

Adds details from the statement from paragraph 2 onwards

- Allianz Global Investors, European insurer Allianz's ALVG.DE asset management unit, said on Monday that it had launched a private credit fund focused on infrastructure investments in the Asia Pacific, securing $270 million in commitments at its first close.

Here are a few details:

  • The fund will focus on renewables, digital infrastructure, transport and logistics, and environmental assets, the company said.

  • Investors, including the International Finance Corp. and Indonesia Investment Authority, will back the fund, AllianzGI said.

  • The fund will primarily invest in senior and unitranche credit instruments backed by essential assets with stable cash flows, AllianzGI added.

  • The fund expects a final close in 2027, AllianzGI said.