IQ-EQ, the Luxembourg-based administrator, has been appointed by Allianz Global Investors as the ManCo for its EUR256m (USD280m) debt fund, created to finance the French rail company SPL Grand Est Mobilités in the development of railway services across the Grand Est region.
IQ-EQ is acting as third-party AIFM for the fonds commun de titrisation (FCT) securitisation vehicle that is providing the financing. In addition, AGI has leveraged IQ-EQ’s loan granting licence, which enables a fund to act among a pool of banks.