Allianz Global Investors (AllianzGI) has announced that its strategy Allianz Private Debt Secondaries Fund (APDS)which invests in the secondary private debt market, has managed to raise 1.5 billion euros, thus reaching its definitive closure. The fund, which launched in September 2022, is AllianzGI’s first secondaries vehicle. APDS invests primarily in senior direct lending strategies, seeking to diversify its portfolio by managers, sectors and regions.
Thanks to the great interest of international institutional investors and the support of Allianz as a lead investor, the fund has managed to raise more capital than expected, exceeding its initial target of €500 million. This success has prompted the launch of a similar strategy, scheduled for the middle of this year.
Institutional investors invested in the APDS can take advantage of AllianzGI’s strong experience in private debt, both in the primary market and in co-investments and secondary, and participate, thanks to its extensive international network, in secondary market opportunities focused on the United States. , Europe and Asia.
Edouard Jozan, Distribution Director for Europe: «The secondary private debt market is consolidating and we were one of the first asset managers to launch a fund for this strategy. We are very proud of the great interest shown by numerous international institutional investors in our first private debt fund within the secondary market , allowing investors to benefit from Allianz’s strong position as one of the leading global private debt investors.»
«We expect secondary funds in private debt to continue growing in the coming years and we appreciate the trust of so many institutional clients. With more than 15 years of experience in investments in private debt, we have a solid network and access to the market, which already have helped us commit significant investments to the APDS portfolio, as one of the market leaders, we look forward to finding attractive new investment opportunities as we work towards the launch of a new similar strategy planned for mid-2025,» they add Joaquín Ardit and Anselm Feigenbutz, managers of Allianz Private Debt Secondaries.
AllianzGI offers a wide range of investment solutions and manages more than €90 billion in private markets.