(Boursier.com) — Allianz Global Investors, one of the world leaders in active management, today announced the closing of its European Private Credit II fund, after raising 494 million euros. EPC II attracted more than twenty third-party European institutional investors, insurers and company pension funds from Germany, France, Austria, Belgium and Italy.
EPC II offers investors the opportunity to invest alongside Allianz in senior debt of medium-sized companies in Europe, and more particularly in France and Germany. EPC II has already committed more than 50% of the fund by making nearly 20 investments in France and Germany.
“EPC II has achieved its fundraising objective thanks to the confidence of our investors in the expertise of our team, our strategy, and the alignment of interests with Allianz. As the speed of the ramp-up demonstrates, EPC II meets the needs of borrowers in their growth plans, while offering an attractive risk-return profile to our institutional investors Thanks to the growing commitments of Allianz, our other third-party mandates and the final closing of EPC II, our total commitment capacity on each transaction now exceeds 100 million euros, which facilitates and secures financing operations,” said Damien Guichard, Head of European Private Credit at AllianzGI.
EPC II is one of the funds managed by the European Private Credit investment team, led by Damien Guichard, and based in Paris and Munich. She completed 70 transactions across Europe for €2.3 billion of invested capital for Allianz and third-party investors.
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