Allianz Capital Partners (ACP) is joining forces with Allianz Global Investors (AllianzGI) with the aim of increasing the range of investment offering available to external clients, providing them acess to ACP’s investment expertise in alternative equity.
The partnership – expected to be effective in January 2018 – entails that ACP will operate under the umbrella of AllianzGI and will continue to provide its offering to Allianz Group companies and their clients. ACP’s CEO Jürgen Gerke will report to AllianzGI’s CEO Andreas Utermann.
Thanks to the move, AllianzGI will see its alternatives assets raising from some €36bn to over €58bn, which are managed by the group on behalf of institutional and retail investors globally.
AllianzGI’s Alternatives platform comprises a mix of both liquid and illiquid alternative investment solutions, including a market-leading infrastructure debt capability and green-focused infrastructure equity team, a fast-growing global private debt business, and liquid alternative strategies.
Andreas Utermann, CEO of AllianzGI, said: “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, CEO of ACP, added: “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.”