Allianz Global Investors (AllianzGI) announced the first close of its Allianz Asia Pacific Infrastructure Credit Fund, with $270 million in commitments.
This new fund complements AllianzGI’s existing Asia Pacific secured lending business and is designed for institutional investors seeking debt exposure to infrastructure borrowers in South and Southeast Asia. The final close is expected next year, according to a press release.
The fund targets financing for projects in renewable energy, energy transition, data centers, telecom networks, transportation, supply chain infrastructure and environmental services such as water and waste management. The strategy focuses on senior and unitranche loans backed by infrastructure assets, prioritizing steady cash flow generation and strong collateral protection.
AllianzGI’s Asia private credit team, led by Sumit Bhandari, will manage the vehicle in collaboration with the firm’s global infrastructure debt experts. Bhandari noted the inaugural fund close was anchored by commitments from the International Finance Corporation (IFC) and the Indonesia Investment Authority (INA), marking the launch of a new infrastructure-focused product for the region.
“South and Southeast Asia continue to present compelling opportunities, supported by strong structural demand for infrastructure and a clear role for private credit in addressing financing gaps. We believe this fund is well-positioned to provide investors with access to resilient, asset‑backed income while supporting the development of essential infrastructure across the region,” Bhandari said.
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