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AllianzGI launches infrastructure debt fund
01 July 2014
Pioneering fund aims to raise £500m from institutional investors
Allianz Global Investors (AllianzGI) has launched the UK
Infrastructure Debt Fund, which will invest in long-term,
investment grade, core infrastructure assets.
The fund will raise up to £500m ($855m) and already
has commitments from a number of investors, including Nippon
"This launch is a significant moment for infrastructure funding
in the UK. This pioneering fund will provide UK infrastructure
with a welcome, additional source of investment," said Deborah
Zurkow, chief investment officer for infrastructure debt at
Infrastructure debt offers investors the opportunity to invest
in projects that support the UK's economic competitiveness and
quality of life, including roads, schools, hospitals, water and
As the asset class has developed, AllianzGI has seen strong
demand from large institutional investors for
separately-managed accounts in infrastructure debt. The fund
will run alongside these.
"As this new market continues to develop and mature we expect
to see significantly more institutional investor interest,
which will help meet society's need for substantial
infrastructure funding," said Zurkow.
AllianzGI was the first global investment manager
to establish a dedicated infrastructure debt team in the
Over the last twelve months, AllianzGI has invested
€2bn on behalf of its clients into eight infrastructure
debt transactions across seven European countries, including
the M8 project in Scotland.
In addition to these transactions, AllianzGI has a pipeline of
investments either at the tender stage or close to