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AllianzGI Closes Asia Pacific private credit fund at USD 610mn (c. EUR 562mn)

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.

 

For further information please contact:

Angie Tang
Angie.Tang@allianzgi.com
+852 2238 8588

Celia Fong
Celia.Fong@allianzgi.com
+852 2238 8579

 

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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    The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.

    This material has not been reviewed by any regulatory authorities. In mainland China, it is for Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations and is for information purpose only. This document does not constitute a public offer by virtue of Act Number 26.831 of the Argentine Republic and General Resolution No. 622/2013 of the NSC. This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of this document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced, except for the case of explicit permission by Allianz Global Investors. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Brazil, Panama, Peru, and Uruguay. In Australia, this material is presented by Allianz Global Investors Asia Pacific Limited (“AllianzGI AP”) and is intended for the use of investment consultants and other institutional /professional investors only, and is not directed to the public or individual retail investors. AllianzGI AP is not licensed to provide financial services to retail clients in Australia. AllianzGI AP is exempt from the requirement to hold an Australian Foreign Financial Service License under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order (CO 03/1103) with respect to the provision of financial services to wholesale clients only. AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws.

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