Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Asia Pacific Secured Lending Fund (AAPSL) at $476 million (c €450 million). 

The AAPSL is AllianzGI’s first Asia Pacific private credit fund that allows institutional investors to invest alongside Allianz. The investment focus is on growing businesses with a sound market position looking to capitalise on rising underlying fundamental demand in Asia. 

The fund is expected to hold its final closing by the end of this year, with a target fund size amounted to $700 million (c €650 million).