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AllianzGI creates unit focused on private markets impact investments



© Reuters. FILE PHOTO: Allianz Global Investors logo is pictured at the company’s headquarters in Frankfurt, Germany August 16, 2021. Picture taken August 16, 2021. REUTERS/Tilman Blasshofer

LONDON (Reuters) – Asset manager Allianz (DE:) Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on ‘impact’ investing in private markets, as part of a sustainable investing drive.

AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, would look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement.

($1 = 0.8860 euros)

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