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AllianzGI raises €450m for private credit fund

The first close of Allianz Global Investors’ Asia Pacific private credit fund has raised €450 million, according to a report from Citywire.

The first close of Allianz Global Investors’ Asia Pacific private credit fund has raised €450 million, according to a report from Citywire.

The fund is expected to hold its final close at the end of 2022 and is targeting a total fundraising of €650 million.

The strategy has attracted the attention and investment of several European institutional investors, all of whom are investing alongside insurance group, Allianz.

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