AllianzGI closes global fund of funds at €3.3bn

The fund was heavily oversubscribed and more than doubled its initial fundraising target.

Allianz Global Investors has held a final close of its first global private debt fund on €3.3 billion.

The Allianz Global Diversified Private Debt Fund, which held a first close in August 2021, enables institutional investors to invest jointly with Allianz in its global private debt programme. It saw interest from investors across Europe and AllianzGI said it was significantly oversubscribed, exceeding its initial €1.5

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