At a glance
- I Squared's total was double its $1.5 billion target and four times the capital raised by its predecessor credit strategy, AltAssets reported.
- AllianzGI's final close was 50% above the €1 billion target for Allianz Infrastructure Credit Opportunities Fund II, as Private Infrastructure Daily previously reported.
- The due-diligence question for both is deployment pace: how much of the new capital is already committed to pipeline, and whether the investment period has been lengthened to match the larger pool.
I Squared Capital and Allianz Global Investors closed second-generation infrastructure credit funds above target in the same week: I Squared at $3 billion and AllianzGI at €1.5 billion.
I Squared's total was double its $1.5 billion target and four times the capital raised by its predecessor credit strategy, AltAssets reported.
AllianzGI's final close was 50% above the €1 billion target for Allianz Infrastructure Credit Opportunities Fund II, as Private Infrastructure Daily previously reported.
The due-diligence question for both is deployment pace: how much of the new capital is already committed to pipeline, and whether the investment period has been lengthened to match the larger pool.
Neither firm disclosed a fee, fund term or co-investment allocation for the new vehicles.
Both infrastructure credit funds closed well above target
Final close versus original target; I Squared in $B, AllianzGI in €B
- Actual
- Target
- I Squared Capital$3B / €B of $1.5B / €B · 200%
- Allianz Global Investors$1.5B / €B of $1B / €B · 150%
Show as table
| Item | Actual | Target | Of target |
|---|---|---|---|
| I Squared Capital | $3B / €B | $1.5B / €B | 200% |
| Allianz Global Investors | $1.5B / €B | $1B / €B | 150% |
Reported by the Fundraising desk from AltAssets, via Private Infrastructure Daily coverage, Private Infrastructure Daily, SEC EDGAR Form D, DIF Infrastructure VIII Feeder SCS and SEC EDGAR Form D, Citizen Mint Essential Infrastructure Fund LP. Published . Corrections