“We are very proud of the strong interest shown by many international institutional investors in our first fund dedicated to secondaries,” commented Edouard Jozan, Head of Distribution for Europe.
- The Allianz Private Debt Secondaries (APDS) fund achieved its final closing of €1.5 billion, including related transaction vehicles, exceeding the fund’s target size of €500 million.
- APDS provides institutional clients with investment opportunities in the secondaries market in the United States, Europe and Asia.
- The launch of a new strategy is planned for mid-2025.
Allianz Global Investors (AllianzGI) announces the final closing of the global Allianz Private Debt Secondaries Fund (APDS), including related transaction vehicles, for €1.5 billion. Launched in September 2022, this is AllianzGI’s first fund dedicated to secondary schools. It invests APDS in senior direct loan opportunities, selectively complemented by opportunistic positions, and aims to build a diversified portfolio across managers, sectors and geographies.
Thanks to the strong interest shown by international institutional investors, as well as Allianz as anchor investor, the fund was largely oversubscribed and exceeded the initial target of €500 million. The launch of a new strategy is planned for the middle of this year.
APDS institutional investors can leverage AllianzGI’s strong primary and co-investment businesses in private debt and invest, through its extensive international network, in secondary opportunities targeting the United States , Europe and Asia.
Edouard Jozan, Head of Distribution for Europe, comments: “The market for secondary private debt funds is taking shape and we were one of the first asset managers to launch a fund for this strategy. We are very proud of the strong interest shown by many international institutional investors in our first fund dedicated to secondaries; it allows investors to benefit from Allianz’s strong position as one of the leading investors in private debt globally*.
“We expect the secondary private debt market to continue to grow over the coming years and are grateful for the trust placed in us by so many institutional clients. With over 15 years of experience in the investment field, we can count on a strong network and market access which has allowed us to commit a significant portfolio to the APDS fund. As one of the market leaders, we look forward to finding other attractive investment opportunities while working on the launch of a new strategy planned for mid-2025,” add Joaquín Ardit and Anselm Feigenbutz, Senior managers of Allianz Private Debt Secondaries Fund.
*Source: https://www.privatedebtinvestor.com/global-investor-ranking/
Swiss
