Allianz Global Investors has launched a new medium-term secured debt fund as a complement to the company’s existing infrastructure debt products.
The new fund, which Allianz GI characterizes as “resilient credit”, is aimed at institutional investors and will target asset-intensive opportunities similar to infrastructure but are better suited to shorter time horizons, according to an article in Citywire.
As part of the fund launch, Allianz GI has hired former BNP Paribas co-head of debt advisory Emmanuel Deblanc and former BlackRock infrastructure debt specialist Benjamin Walter.
AllianzGI has invested more than €10 billion into global infrastructure debt projects, the article continued, and oversees some €34 billion in alternative assets (including equity long/short, merger arbitrage, derivatives, volatility, global macro, absolute return, private debt, and infrastructure-related equity and credit strategies) on behalf of institutional and retail investors. Part of German insurance giant Allianz, the firm as a whole manages more than €480 billion.