The FINANCIAL — Allianz Global Investors (AllianzGI) and Allianz Capital Partners (ACP) announced on December 14 that they will join forces in order to extend the range of investment expertise available to AllianzGI’s broad global client base, strengthening further its offering in Alternatives.
From January 1, 2018, ACP will become a discrete entity under the umbrella of AllianzGI. ACP and AllianzGI will jointly develop an investment offering for external clients, based on ACP’s long-proven expertise and investment processes. ACP will continue to provide their offering to Allianz Group companies and their clients. Jürgen Gerke, CEO of ACP, will report to Andreas Utermann, CEO of AllianzGI, according to Allianz.
Andreas Utermann stated: “We are delighted to be extending our client offering in private equity strategies by joining forces with ACP. Jürgen and the team at ACP are seasoned investment professionals and have established an impressive track record investing on behalf of Allianz.
“Over the last five years, AllianzGI has expanded significantly its investment offering, adding a diverse range of teams and capabilities, with distinct market offerings, to ensure we continue to meet our clients’ evolving investment needs. ACP’s long-term investment experience, in areas such as direct infrastructure equity investments, will be highly complementary to our fast growing Alternatives business and of particular interest to our external clients.”
Jürgen Gerke said: “We are excited by the opportunity to pool Allianz and third party client commitments, which will further enhance our ability to participate in interesting investment opportunities for the benefit of our clients. With a diversified set of funding options available to us, we can increase our flexibility for individual transactions and further strengthen our reliability for our investment partners. This will benefit our clients as well as our employees.”
ACP currently manages 22 billion euros in alternative equity assets on behalf of Allianz. With this move, AllianzGI’s Assets under Management in Alternatives will total over 58 billion euros. Allianz Global Investors already manages over 36 billion euros of Alternative assets on behalf of institutional and retail investors around the globe.
AllianzGI’s Alternatives platform comprises a diverse mix of both liquid and illiquid alternative investment solutions for clients, including a market-leading infrastructure debt capability and green-focused infrastructure equity team, a fast-growing global private debt business and highly successful liquid alternative strategies with track-records stretching back over a decade.