Fund vehicle

Allianz Credit Emerging Markets (ACE) Fund

Compiled from public sources

The Allianz Credit Emerging Markets fund (ACE) is a $1 billion blended finance credit vehicle launched in January 2026. Managed by Allianz Global Investors, the fund is designed to mobilise private institutional capital into climate-focused projects across emerging markets in the Global South. It utilises a structured "junior/senior" capital model where development finance institutions (DFIs) provide a first-loss junior tranche to de-risk the investment for private institutional investors. The fund’s primary objective is to support the goals of the Paris Agreement by financing infrastructure and services that contribute to climate mitigation and adaptation. Key sectors include renewable energy, clean transportation, sustainable agriculture, and financial services, with a significant geographic allocation dedicated to Africa.

Manager

Allianz Global Investors GmbH

Vintage

2026

Strategy

Private Credit

Target size

$1bn

Size

$690m

Status

Active