Institution: Allianz Real Estate
Headquarters: Munich, Germany
Allocation to alternatives: 100.0%
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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