AllianzGI creates unit focused on private markets impact investments

Asset manager Allianz (DE:ALVG) 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)

AllianzGI creates unit focused on private markets impact investments