AllianzGI closes €2bn impact infrastructure fund
Allianz Global Investors’ infrastructure platform has passed €2bn in diversified infrastructure equity commitments since 2020, anchored by the €1bn final close of its Allianz Global Diversified Infrastructure Equity Fund II (AGDIEF II) in 2023.
In 2023, AllianzGI reported that AGDIEF II, managed by Allianz Capital Partners, reached a final close of €1bn on 23 October, targeting global infrastructure themes including energy transition, digital transformation, sustainable mobility and the circular economy. The vehicle is classified under Article 8 of the Sustainable Finance Disclosure Regulation, and together with its predecessor AGDIEF has attracted more than €2bn in total commitments since 2020. The manager stated that this deployment level was achieved while maintaining diversification across the fund’s target infrastructure themes. IPC reached a first close of €560m with commitments from Allianz, APG Asset Management, the European Investment Fund and La France Mutualiste, and is classified as an Article 9 SFDR strategy.
AllianzGI later reported a fourth closing for IPC at €705m on 29 April 2025, alongside the strategy’s first investments.
Across its broader infrastructure franchise, AllianzGI stated that its infrastructure business reached more than €50bn in assets under management across debt and equity strategies as of the fourth quarter of 2023. The platform spans both equity and credit solutions and includes diversified infrastructure strategies such as AGDIEF and AGDIEF II. Available disclosures instead reference the €1bn final close of AGDIEF II and the cumulative €2bn-plus raised across AGDIEF and AGDIEF II since 2020.
AllianzGI has not publicly specified any further closing timetable for its infrastructure equity strategies beyond the reported AGDIEF II final close and the staged closings of IPC.
