Allianz Global Investors: Private Sector Mobilization Debt Fund

IDB Invest is considering an investment in the Allianz Credit Emerging Markets Fund (“ACE” or the “Fund”). The Fund aims to catalyze private institutional capital into investments that expect to deliver significant development impact, primarily by co-financing transactions in emerging markets alongside Multilateral Development Banks (“MDBs”), and Development Finance Institutions (“DFIs”) to leverage their expertise, long track record and market presence globally.

The Fund expects to allocate at least 30% of its investments in Latin America and the Caribbean (“LAC”). Most of the Fund's investments in LAC are expected to be co-financed with IDB Invest.

Disclaimer

Securities in the Fund (the “Securities”) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under any federal or state securities laws of any state of the United States of America. The Fund offers these Securities to investors (including IDB Invest) in reliance on an exemption from the registration requirements under the Securities Act, and may not be offered, sold or transferred in or into the United States of America or to, or for the account or benefit of, any U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. The Fund has not been and is not expected to be registered under the United States Investment Company Act of 1940, as amended from time to time and investors will not be entitled to the benefits of that Act.