December 15, 2023 | Allianz Global Investors (AllianzGI) today announces the final close of Allianz Asia Pacific Secured Lending Fund (AAPSL) at USD 610mn (c. EUR 562mn). The AAPSL allows institutional investors to invest alongside Allianz.
AllianzGI has a specialized team dedicated to investing in Asia Pacific private credit. The team, led by Sumit Bhandari, was established in 2018 to address opportunities in the mid-market lending space in Asia Pacific, and is focused on lending to performing mid-market corporates across the capital structure and credit risk spectrum. Today the team oversees a total of USD1.4bn (c. EUR 1.3bn) in assets under management for Asian private credit strategies.
Emmanuel Deblanc, Global Head of Private Markets at AllianzGI, said:“Higher for longer interest rates present an attractive opportunity for private credit, serving as a hedge against inflation with the potential to offer relatively better yields compared to traditional fixed-income investments. Private credit is expected to remain crucial in the portfolios of institutional investors due to its ability to offer diversification and enhanced risk-adjusted returns. With this in mind, we believe Asian private credit is poised for a promising future, thanks to the region's strong growth potential and tailwinds on both the supply and demand sides.”
AllianzGI’s Asia Pacific Private Credit team focuses on investing in senior secured, senior unsecured, second lien and subordinated debt to well-diversified businesses in Asia Pacific (excluding China), with Southeast Asia, South Asia and Oceania serving as three geographic pillars. The team identifies potential in companies that demonstrate resilience across various business cycles, possess the ability to take advantage of the shift towards a low-carbon economy, and are projected to rebound after periods of market stress. These sectors include infrastructure, energy transition, healthcare, and education among others.
Sumit Bhandari, Lead Portfolio Manager, Asia Private Credit, Alternative Investments at AllianzGI, said:“We are grateful for the strong support from both new and existing investors in Europe, Middle East and Asia-Pacific, and believe that the confluence of economic growth, yield potential, infrastructure development and regulatory improvements will continue to drive interest in Asian private credit among global investors. We are looking forward to providing our investors access to Asia's growth through a diverse portfolio of performing credit investments, as well as helping them to navigate the nuances of the Asian private credit landscape with our on-the-ground expertise.”
AllianzGI currently manages a broad range of investment solutions and around EUR 89bn in private market assets.
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 516 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.
*Data as at 30 September 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
iThe Allianz Asia Pacific Secured Lending Fund (AAPSL) mentioned is a closed-end fund. The information herein is not an offer to buy or sell, or a solicitation or incitement of offer to buy or sell, any particular security, strategy, investment product or services nor does this constitute investment advice or recommendation. As of the date of publication of this press release, the strategy is closed and no longer accepting new investments.
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