Allianz Global Investors Closes Private Debt Secondaries Fund at €1.5B

Allianz Global Investors announced the final close of its debut private secondaries fund at €1.5B, including related transaction vehicles, well exceeding its target of €500M.

The Allianz Private Debt Secondaries Fund launched in September 2022 and invests in senior direct lending opportunities, complemented by opportunistic positions aimed at building a diversified portfolio across managers, sectors, and geographies. The fund allows institutional clients to invest in secondary opportunities across the US, Europe, and Asia.

AGI parent Allianz served as an anchor investor, and based on the “strong interest from international institutional investors” in the oversubscribed debut fund, the firm said it is now planning to launch a successor strategy in midyear 2025. AGI said it oversees €560B (~$576.3B) in aggregate AUM as of September 30, 2024.

Written By: Dakota

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Allianz Global Investors Closes Private Debt Secondaries Fund at €1.5B

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