View the article online at http://citywire.co.uk/wealth-manager/article/a652223
Allianz GI to launch first UK infrastructure debt fund
by Jun Merrett on Jan 21, 2013 at 10:56
Allianz Global Investors is set to launch the first UK infrastructure debt fund to build schools, hospitals and roads, according to the Financial Times.
The fund, which has received government backing, will be launched in the second quarter of 2013 and will aim to raise an initial £1 billion, although Allianz Global Investors anticipates it will raise much more as demand for infrastructure debt increases.
Deborah Zurkow, chief investment officer of infrastructure debt at Allianz GI, told the FT: 'The creation of the fund is a tangible sign of the progress that is being made in the infrastructure debt market. It will benefit both investors in search of attractive, sustainable returns and important infrastructure projects in need of funding.'
The fund group, which has €302 billion in assets under management, also plans to launch an infrastructure fund in Europe in the summer.
The group first announced the launch of an infrastructure debt unit with a team of experts in July 2012, which was followed by BlackRock's move to also launch a unit in November 2012.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
More from us
- Allianz manager slams German short-selling ban
- Blackrock on making the transition from commission to fee-based
- BlackRock LatAm star Landers eyes Brazilian large cap bounce
What others are saying
On the road
by Robert Talbut on Jul 28, 2014 at 12:55