Germany $680 Billion Asset Manager Allianz Global Investors Raised $744 Million in First Close for 3rd APAC Private Credit Fund (Asia Pacific Secured Lending Fund III, AAPSLF III) to Provide Middle Market Lending to High Growth Companies in APAC ex-China, Asia Private Credit Platform is Led by Sumit Bhandari (ead of Asia Private Credit at Allianz Global Investors)
24th June 2026 | Hong Kong
Germany asset manager Allianz Global Investors ($680 billion AUM) has raised $744 million in first close for 3rd APAC private credit fund (Asia Pacific Secured Lending Fund III, AAPSLF III) to provide middle market lending to high growth companies in APAC ex-China. Allianz Global Investors Asia private credit platform is led by Sumit Bhandari (Head of Asia Private Credit at Allianz Global Investors). Announcement (23/6/26): “Allianz Global Investors (AllianzGI) today announced the first close of Allianz Asia Pacific Secured Lending Fund III (AAPSLF III), securing commitments of USD 744 million. The fund enables institutional investors to invest alongside Allianz in Asia Pacific middle-market private credit opportunities. AAPSLF III represents the third vintage of AllianzGI’s established Asia Pacific middle market lending strategy underpinned by a demonstrated track record across market cycles in the region. The strategy targets high-growth companies across Southeast Asia, South Asia, Oceania and selected Asia Pacific markets (excluding China), leveraging deep local expertise and on-the-ground origination capabilities. The strategy is managed by AllianzGI’s Asia Private Credit platform, led by Sumit Bhandari, which has been investing across a broad spectrum of sectors and transaction types, establishing a strong track record in the region. The fund seeks to provide tailored financing solutions across the capital structure to middle market companies with consistent earnings and cash flows, strong market positioning, and robust governance. It targets investments in companies benefiting from long-term structural growth trends, including healthcare, education, digital infrastructure and the energy transition, as well as businesses with resilient cash flows and defensive characteristics. Asia Pacific private credit continues to benefit from growing demand for non-bank financing as regulatory constraints and bank retrenchment create funding gaps across the region, creating opportunities for private credit investors seeking diversification and, income. Against this backdrop, institutional investors are increasingly allocating to Asia Pacific private credit as the asset class continues to mature and scale. AllianzGI has built a dedicated Asia Private Credit platform since 2018. The team combines deep local market expertise with the resources of AllianzGI’s global Private Markets platform, which comprises around 170 investment professionals worldwide and manages approximately EUR 97 billion in private markets assets (as of 31 March 2026).”
“ Germany $680 Billion Asset Manager Allianz Global Investors Raised $744 Million in First Close for 3rd APAC Private Credit Fund (Asia Pacific Secured Lending Fund III, AAPSLF III) to Provide Middle Market Lending to High Growth Companies in APAC ex-China, Asia Private Credit Platform is Led by Sumit Bhandari (ead of Asia Private Credit at Allianz Global Investors) “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Sumit Bhandari, Head of Asia Private Credit at Allianz Global Investors: “We believe that Asia Pacific continues to offer a compelling opportunity set for private credit investors, particularly in the middle market where access to flexible capital remains limited. With our established deployment track record across the region our platform is well positioned to originate proprietary opportunities and provide flexible capital solutions to high-quality middle-market businesses. We remain focused on disciplined underwriting, which should help limit downside potential and generate competitive risk-adjusted returns for investors and are pleased to see strong support from many of our existing investors in the AAPSLF III.”
Allianz Global Investors – Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in 22 offices worldwide, and managing EUR 598 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets. Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.
Germany $680 Billion Asset Manager Allianz Global Investors Raised $744 Million in First Close for 3rd APAC Private Credit Fund (Asia Pacific Secured Lending Fund III, AAPSLF III) to Provide Middle Market Lending to High Growth Companies in APAC ex-China, Asia Private Credit Platform is Led by Sumit Bhandari (ead of Asia Private Credit at Allianz Global Investors)
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
