Allianz Global Investors has held a first close on its debut real estate private debt fund on €515 million. The Allianz Global Real Estate Debt Opportunities Fund was launched just two months ago.
Although AllianzGI has built a real estate debt fund portfolio of more than €5 billion in assets under management over the last decade, the launch of the AGREDO fund marks the first time professional investors have been given the opportunity to join Allianz insurance companies in the strategy.
