Allianz planning private credit investing expansion in India

German insurance giant Allianz’s latest $150 million commitment to an Indian real estate debt fund marks the latest step in a plan to raise its investment into the country’s private debt market from $650 million to $1 billion by the end of 2021. In March the insurer’s inhouse manager Allianz Investment Management committed $150 million to Kotak Investment Advisors (KIAL)'s $380 million real estate debt fund as part of this plan. Ritu Arora, chief executive and chief investment off…