Allianz to launch infrastructure debt fund with govt support

Allianz Global Investors is planning the launch of a closed-ended infrastructure debt fund backed by the UK government, to be run by a specialist debt team hired in July last year.

The fund - to be run by a team hired from Trifinium Advisors - will target UK infrastructure projects including the construction of schools, hospitals and roads. Headed by CIO of infrastructure debt Deborah Zurkow, Allianz says it is the first fund to offer senior infrastructure debt, the safest form of fixed income assets. The fund has already received backing from the government and will aim to raise an initial amount of £1bn, according to the FT. It will be available to UK and overseas institutional investors including insurers, pension funds and sovereign wealth investors.