(April 27): Allianz Global Investors has secured US$270 million ($344.2 million) in commitment for the first close of its private credit fund targeting infrastructure investment in the Asia-Pacific.
The fund will focus on areas such as renewable energy, digital infrastructure and transport, the firm said in a statement Monday. It expects a final close in 2027.
The move underscores rising investor interest in private credit as a way to tap infrastructure demand in Asia, where funding gaps persist as bank and capital-market financing lags requirements. Emerging Asia, excluding China, faces an estimated annual financing gap of US$1.7 trillion in infrastructure sector, according to an industry report.
Backed by investors including the International Finance Corp and Indonesia Investment Authority, the fund will primarily invest in senior and unitranche loans tied to essential infrastructure assets with predictable cash flows, AllianzGI said.
AllianzGI raised US$610 million in 2023 for a separate private credit fund, its second in the region. It focused on infrastructure, education, and sustainable energy.
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