Allianz Global Investors (AllianzGI), one of the world’s leading active asset managers with EUR 580 billion in assets under management, announced the first close of the Allianz Credit Emerging Markets (ACE) strategy with total commitments of USD 690 million. The ACE strategy was developed in alignment with the objectives of the Global Investors for Sustainable Development (GISD) Alliance. It draws on dialogue with GISD members to mobilize private capital and advance innovative financing for SDG-aligned sectors in developing countries.

With a target final close of USD 1Bn, the strategy aims to mobilize large-scale private investment in support of the Paris Agreement goals and objectives across emerging markets. The target investments aim to accelerate progress toward the achievement of the United Nations Sustainable Development Goals (SDGs).

The strategy has a blended structure enabling institutional and professional investors to take a senior position to the junior capital that provides first-loss protection and aims to significantly limit volatility and enhance returns. Anchor institutional investors include Allianz and GastroSocial Pensionskasse while the first loss capital will be provided by Global Affairs Canada – the federal department of Canada responsible for international development and humanitarian assistance –, British International Investment – the UK’s Development Finance Institution (DFI) – and the Inter-American Development Bank Invest. The Swedish International Development Agency (Sida) and Impact Fund Denmark will act as first loss guarantors.

Press release (20 January 2026)