Allianz Global Investors has launched the Allianz Impact Investment fund (AIIF), its first multi asset private market impact fund.
The fund aims to leverage the potential of the rapidly expanding impact investing sector, worth USD502 billion globally, by putting institutional investor capital to work in projects which generate measureable, positive impact.
The fund will invest in private market equity and debt opportunities across sectors such as energy efficiency, sustainable land use and agriculture which generate a range of different, measurable environmental and/or social impacts alongside financial returns.
This is the latest addition to AllianzGI's expanding impact offering which already includes renewable energy portfolios such as the Allianz Renewable Energy Fund, and reflects AllianzGI's commitment to sustainable investing which stretches back more than 20 years. The impact of each investment will be measured using a stringent methodology which has been developed in line with industry best practice.
Martin Ewald (pictured), lead portfolio manager Impact Investments, said: "As more investors look to allocate capital with the intention of achieving a defined and measurable result rather than just a financial one, the impact sector looks set to experience continued growth. The launch of this fund, which combines both equity and debt, underlines AllianzGI's commitment as an active manager to providing the type of innovative financing solutions needed to unlock new sources of stable cash flows for our clients."