By Pablo Mayo Cerqueiro LONDON (Reuters) - Allianz Global Investors, the insurance company's money management division, is pushing ahead with plans to ...
Private videoLONDON - Allianz Global Investors, the insurance company's money management division, is pushing ahead with plans to raise at least 1.5 billion euros for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset class.
Allianz raised 3.3 billion euros for an earlier fund in April, far exceeding its original 1.5-billion-euro target. The fastest escalation in borrowing costs in decades has posed a test for private credit but so far defaults by borrowers have been limited.
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