DFP AllianzGI APAC Infra Fund (IFC-51442)

Regions
  • East Asia and Pacific
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 23, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Allianz Asia Pacific Infrastructure Credit Fund S.A., SICAV-RAIF.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 29, 2025

Disclosed by Bank Nov 11, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed investment entails an investment of up to US$60 million for IFC’s own account in Allianz Asia Pacific Infrastructure Credit Fund (the “Fund”) to be launched by Allianz Global Investors (“AGI”) with a target fund size of US$500 million. The Fund will focus on providing senior secured loans to medium-sized, high-growth infrastructure companies in emerging markets across the Asia-Pacific region. Up to 40% of the investment is expected to be allocated to climate finance, supporting sustainable infrastructure projects.

AGI is headquartered in Frankfurt, Germany. The Fund will be advised by Allianz Global Investors Singapore Ltd. Allianz Global Investors Singapore Ltd team is based in Singapore and Mumbai. The Fund will focus on investments in emerging Asian markets, primarily Indonesia, Vietnam, Thailand, Malaysia, and the Philippines in Southeast Asia, as well as India in South Asia.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Fund will provide corporate lending to infrastructure companies in APAC emerging markets including Indonesia, Vietnam, Thailand, Philippines, and India. The sub-sectors in which the fund will invest include renewable energy, energy infrastructure, digital infrastructure, transportation, logistics and environmental infrastructure. Developing or operating some of these infrastructure assets may cause significant adverse risks and potential impacts, particularly in relation to impacts on biodiversity, involuntary resettlement, occupational health and safety, and community health and safety. Thus, the project has been categorized as FI-1 according to IFC's Policy on Environmental and Social Sustainability.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed investment entails an investment of up to US$60 million for IFC’s own account in a US$500 million target private credit fund to be launched by AGI.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Fund is structured as a Luxembourg-based investment company with variable capital (société d'investissement à capital variable). AGI’s Luxembourg branch serves as the Fund’s authorized Alternative Investment Fund Manager (the “AIFM”) and will receive non-discretionary advice from Allianz Global Investors Singapore Ltd., a Singapore-based private company owned by AGI.

Founded in 1998, AGI is a global asset management firm and a wholly owned subsidiary of Allianz SE, one of the world’s largest financial services providers, specializing in insurance and asset management. AGI is present across Europe, Asia-Pacific, and the US, with offices in financial hubs such as London, Paris, Munich, Frankfurt, Zurich, Luxembourg, New York, Singapore, and Mumbai.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Allianz Global Investors Singapore Limited
Valerie ANG
Head of Institutional Business, Southeast Asia
+65 6311 8057
valerie.ang@allianzgi.com
79 Robinson Road #09-03 Singapore 068897
www.allianzgi.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works