Allianz Global Investors has stepped up its alternative investment offering with the launch of a ‘resilient’ credit strategy and announced two appointments for its private debt team.
The newly launched fund is a medium-term secured lending strategy that is aimed at institutional investors. It will focus on asset-intensive businesses akin to infrastructure debt.
Emmanuel Deblanc has joined AllianzGI from BNP Paribas to oversee the fund, having served as co-head of debt advisory at the French group.
In addition, Benjamin Walter has joined the private debt unit from BlackRock and will work specifically on core infrastructure debt.
AllianzGI said the two hires and the new launch affirmed the German group’s commitment to developing its alternative investment capabilities.
Deborah Zurkow, head of alternatives at Allianz GI, said: ‘The launch of this new strategy and our new hires underline our commitment to creating new markets to meet client demand and to hiring senior experienced teams and individuals with the right investment knowledge and market presence.’
AllianzGI has invested €10 billion on behalf of clients into global infrastructure debt projects. This is while it now oversees €34 billion across alternative assets on behalf of institutional and retail investors.