Allianz European Infrastructure Fund reaches first close

Allianz Global Investors (AllianzGI) has announced the first close of the Allianz European Infrastructure Fund S.A. – RAIF (AEIF). The fund, which was launched in March 2019 and is managed by Allianz Capital Partners, attracted commitments from institutional investors across various European countries exceeding EUR600 million (US$657.68 million).

The fund was established to meet the growing demand from professional clients for equity investments in infrastructure. Through the AEIF clients will be able to make equity investments alongside Allianz in attractive infrastructure projects across Europe for the first time.

In response to the strong demand from clients, the target size of the fund was increased from initially EUR500 million (US$546.99 million) to EUR 750 million (US$820.487 million). The second and final close is expected for the fourth quarter of 2019. The fund will make equity investments predominantly in energy, transport and communication infrastructure that provide essential services for the public.