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Allianz Global Investors 
Allianz Global Investors has held the first close of its Allianz Asia Pacific Infrastructure Credit Fund, with $270 million in commitments.

The fund is expected to hold its final close in 2027.

The fund represents a new private credit vehicle under a dedicated infrastructure credit strategy, complementing AllianzGI’s Asia-Pacific secured lending strategy. It is managed by AllianzGI’s local Asia private credit credit platform under the leadership of Sumit Bhandari in close collaboration with the firm’s global infrastructure debt capabilities.

The fund aims to invest primarily in senior and uni-tranche credit instruments at the operating company or holding company level, backed by infrastructure assets with resilient or contracted cash flows, strong asset coverage and focusing on mitigating downside risks, AGI said in a statement yesterday. 

The fund targets investments across infrastructure sectors in particular energy transition and renewables, power transmission and distribution, digital infrastructure (such as data centres and telecommunications networks), transportation and logistics, and environmental infrastructure, including water, waste and related services.

"This fund marks the launch of a new infrastructure-focused offering alongside our established Asia Pacific secured lending strategies,” Sumit Bhandari, head of Asia Private Credit, AllianzGI, said. “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.”