LONDON (Reuters) – Asset manager Allianz 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)
(Reporting by Simon Jessop)
