Allianz RE acts as anchor investor to China-focused vehicle

Allianz RE has backed KaiLong's second Greater China real estate fund.

Institution: Allianz Real Estate
Headquarters: Munich, Germany
AUM: €67.10bn
Allocation to alternatives: 100.0%
Bitesize: €100-200m

Allianz Real Estate has acted as an anchor investor to the recently-closed KaiLong Greater China Real Estate Fund II, having committed $192.50 million to the vehicle. The real estate asset management arm of the German insurer has provided more than 30 percent of the vehicle’s total capital.

The €67.10 billion asset manager allocates 16.80 percent of its total investments to third-party vehicles.

As illustrated below, Allianz RE’s most recent prior real estate fund commitment was also to an Asia-Pacific-focused vehicle. The firm committed $150 million to Godrej Properties’ Build To Core fund in August 2019.

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