News & Analysis

In brief: AllianzGI reaches €220m first close on energy transition debt fund

The Article 8 fund hit the milestone two months after launch, following commitments from Allianz insurance portfolios.

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Allianz Global Infrastructure and Energy Transition Debt Fund has held a first close on €220 million, according to a press release from the firm.

The target size of the fund is €750 million. It launched in January and is classified as Article 8 under SFDR. So far, Allianz insurance portfolios are the major investor.

The fund is structured as an infrastructure debt fund of funds, though AllianzGI aims to also offer co-investment opportunities. “The safety of energy supply and the energy transition are in focus today. Private investors can play a vital role here. AllianzGI can look back on a long track record of investing into infrastructure, renewables and debt funds,” said senior portfolio manager Alexander Schmitt.