Allianz Global Investors raises €270m

The New York-headquartered asset manager holds initial close for its latest European infrastructure debt fund.

Allianz Global Investors has held a first close for Allianz Euro Core Infrastructure Debt Fund at €270 million. The fund, which was launched in March with a target size of €500 million, will invest in all core infrastructure sectors across Europe, including transport, utilities and renewables.

It is designed to offer market access to investors that prefer a smaller ticket size and is backed by a broad range of institutional clients, with particular interest from those in Germany, France and Ireland.