Allianz Global Investors announce second renewables fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Allianz Global Investors announce second renewables fund

Allianz Global Investors has announced its second renewable energy fund, Allianz Renewable Energy Fund 2 (AREF2).

The new fund is focused on European wind and solar renewable energy projects. With a target size of €300 million (US$333 million), the fund has raised a total of €190 million (US$211 million) at the end of its second closure. 

AREF2 follows Allianz Renewable Energy Fund (AREF), which was launched in 2012 as a closed-end fund for institutional investors. This first fund invests in renewable energy projects including wind farms and solar parks in developed countries, with a focus on Europe. The fund closed in September 2013, with investors securing around €150 million.

Allianz Global Investors provides its services to individual and institutional clients. It manages separate client focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.