AllianzGI Secures $744 Million for APAC Private Credit Fund, Topping Prior $610 Million Raise
Updated
Updated · Bloomberg · Jun 23
AllianzGI Secures $744 Million for APAC Private Credit Fund, Topping Prior $610 Million Raise
2 articles · Updated · Bloomberg · Jun 23
Summary
$744 million in commitments gave Allianz Global Investors a first close for its latest Asia-Pacific private credit fund, signaling continued demand for the asset class in the region.
The Allianz Asia Pacific Secured Lending Fund III will target mid-market private credit deals, lending to high-growth companies across Southeast Asia, South Asia, Oceania and selected APAC markets.
China is excluded from the fund's investment scope, narrowing its focus to other parts of the region's private credit market.
The new raise exceeds the $610 million AllianzGI collected in 2023 for its predecessor APAC private credit fund, suggesting stronger investor appetite this cycle.