Allianz Global Investors (AllianzGI) has secured the first close for its second global infrastructure fund, Allianz Global Diversified Infrastructure Equity Fund II (AGDIEF II). 

Launched in late 2021, the fund has since attracted EUR550 million (US$573 million) of commitments from institutional clients in Europe. The AGDIEF II will make equity investments jointly with Allianz in a diversified global portfolio of core, core+ and selectively value-add infrastructure investments through primary commitments to infrastructure funds, secondary transactions and co-investments.

The fund will focus on the following key investment themes: digital transformation, energy transition, sustainable mobility and circular economy.