Private credit industry supported in establishing environmental impact fund

In a recent development, Allianz Global Investors (AllianzGI) has announced that its Impact Private Credit strategy has secured €560m of commitments from investors at first close. One of the key investors in this strategy is APG, the asset manager for the Dutch public sector pension fund ABP, which manages €577bn of pension assets.

The European Investment Fund (EIF) and La France Mutualiste are also anchor investors in AllianzGI's Impact Private Credit strategy. Allianz, the parent company, is also an anchor investor in the strategy. This strategy is a part of AllianzGI's broader commitment to environmental and social responsibility, with a focus on providing solutions to environmental and social challenges.

The Impact Private Credit strategy invests in European small to mid-market companies, offering direct lending solutions. The investments made by the fund are not limited to traditional private credit opportunities, but also extend to social solutions focused on access to affordable and accessible healthcare and education. AllianzGI's environmentally focused investments and solutions include clean energy, resource efficiency, sustainable food, and agriculture.

Menno van den Elsaker, APG's head of alternative credits, and Marcin Lenart, an expert portfolio manager, have expressed their support for the strategy. In a statement, they noted that impact investing within the private credit market is developing rapidly. They also emphasised the importance of the integrity of impact and proper outcome impact metrics throughout the investment lifecycle in the IPC fund.

APG Asset Management's involvement in the investment in AllianzGI's Impact Private Credit Strategy is noteworthy, although the specific portfolio manager involved is not clearly identified in the provided search results.

AllianzGI, with €555bn in assets under management, is known for its advanced and thorough framework for assessing impact in potential private credit investments. The IPC fund is a testament to their commitment to sustainable and responsible investing.

In conclusion, the success of AllianzGI's Impact Private Credit strategy and the significant investments it has secured from esteemed institutions like APG, EIF, La France Mutualiste, and Allianz, underscores the growing interest and importance of impact investing in the private credit market.