*Allianz Global Diversified Private Debt Fund (AGDPDF) holds final close at EUR 3.3bn, including related transaction vehicles
*The AGDPDF allows institutional clients for the first time to invest alongside Allianz insurance companies in a globally diversified portfolio of private debt funds and co-investments
*Since the launch of the AllianzGI' Global Private Debt platform in 2021 over EUR 4bn have been raised across several strategies in total
*Launch of successor strategy is planned for 2023
Allianz Global Investors (AllianzGI) today announced the final close of the Allianz Global Diversified Private Debt Fund ("AGDPDF"). The fund allows institutional investors to invest jointly with Allianz in its global private debt program. Thanks to the strong interest from institutional investors across Europe the AGDPDF, including related transaction vehicles, raised EUR 3.3bn. The fund was oversubscribed and significantly exceeded its EUR 1.5bn target fund size. Goal of the strategy is to build a well-diversified portfolio across geographies, segments, vintage years, sectors, and portfolio companies to deliver resilient and attractive risk-adjusted returns.
The AGDPDF is pursuing primary fund commitments and co-investments globally and invests in leading fund managers. Allianz insurance portfolios are a strong anchor investor of the strategy and thereby ensures strong alignment of interest. As one of the leading investors in private debt globally, Allianz has been investing on behalf of Allianz insurance companies in private debt funds for over 15 years and has built a highly diversified portfolio of over EUR 35bn assets under management.
Marc Smid, Senior Portfolio Manager Private Debt at AllianzGI, adds:"We are very grateful for the trust and large interest received from our clients who can benefit from our strong market position to gain access to private debt opportunities worldwide. We look forward to seizing the best opportunities on behalf of our investors and to further develop our offering in this asset class and plan to launch a new strategy soon."
The team that manages the Allianz Global Diversified Private Debt Fund (AGDPDF) is also managing the Allianz Global Real Estate Debt Opportunities (AGREDO) Fund, the Allianz Private Debt Secondaries (APDS) Fund, and the Allianz Global Infrastructure and Energy Transition Debt (AGIETD) Fund. The launch of a successor strategy is planned for 2023.
AllianzGI is offering a broad range of investment solutions and manages around EUR 85bn* in private market assets.
For further Information, please contact:
Stefan Lutz Tel. +49 69 24431-4276 Email: stefan.lutz@allianzgi.com
Klaus Papenbrock Tel. +49 69 24431-2476 Email: klaus.papenbrock@allianzgi.com
Pia Gröger Tel. +49 89 1220-8267 Email: pia.groeger@allianzgi.com
About Allianz Global Investors:
* Allianz Global Investors is a leading active asset manager, managing EUR 506 billion in assets for individuals, families and institutions worldwide. By being active and investing for the long term, our goal is to elevate the investment experience for our clients and generate value every step of the way.
Data as of 31 December 2022. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Asset Management companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor. This excludes assets for which Allianz Asset Management companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
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