AllianzGI creates private markets impact investment unit – Reuters

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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

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  • Allianz Global Investors sets up impact investing unit
  • Focus on investing in companies with measurable ESG impact
  • Impact investing increasingly in demand among investors

LONDON, Jan 26 (Reuters) – Asset manager Allianz Global Investors, part of German insurer Allianz (ALVG.DE), 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, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement.

Interest in companies performing better on such measures has surged in recent years as more investors expect such investments to reduce risk and drive stronger returns, particularly as the world transitions to a low-carbon economy.

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