Alternative Assets are an important pillar of the Allianz investment universe. They make up 21% (FY2020) of total investments and include Private Equity, Private Debt, Infrastructure and Real Estate. In November 1996, Allianz made its first private equity fund investment. Since 1996, Allianz Capital Partners has made over 500 investments in funds worldwide and has established relations with over 200 fund managers. Today, Allianz is one of the largest private equity investors and the largest one among insurers globally*, having grown its assets under management in this area six fold over the last decade. Private Equity is an important part of the alternative investment strategy of Allianz and has successfully managed to navigate several crises be it the New Economy bubble in 2000, the financial crisis in 2008 and most recently the Corona pandemic. Allianz has been a consistent investor in the asset class, even during the challenging year of 2020 when Allianz invested EUR 3bn in private equity funds globally.
Celebrating 25 years of Private Equity at Allianz!
In 1996, the Munich investment office was founded, followed by the New York office in 2002 and the Singapore office in 2007. During this quarter century, the ACP team has helped to build a balanced global portfolio, based on diversification across geographies, sectors, managers and vintage years. This has been achieved through primary and secondary commitments and the use of co-investments. The portfolio is equally split across Europe, Asia and the Americas. This work was also crowned with a range of industry recognitions over the years, most recently with an award by Private Equity Exchange for the “Best Global LP Strategy > USD 10bn” at the end of 2020.
The most recent development in this anniversary year is the newly launched strategy that provides institutional clients with the opportunity to invest together with Allianz in its global private equity program (clickhere to read press release).
“Private Equity investments are an integral part of Allianz´s investment strategy, having generated stable and solid returns. With their long investment horizon, they are a good match with the long-term investment liabilities of Allianz insurance companies. Over the last 25 years, we have expanded our private equity investments and look forward to many more successful investments in this area with our esteemed colleagues at Allianz Global Investors/ Allianz Capital Partners. Congratulations to the team!”, says Carsten Quitter, Chief Investment Officer, Allianz Group.
The global private equity industry can also play an important role in tackling climate change. Just recently, Allianz Capital Partners joined Initiative Climat International (iCI), an initiative of leading private equity investors who strive to support the transition to a low-carbon economy.
Happy Quarter of a Century, Allianz!
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Allianz Global Investors marked 25 years of Private Equity with a post on LinkedIn. Follow AGI on LinkedIn by clickinghere.
* Global Investor 100 | Top private equity investors | Private Equity International
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in 21 offices worldwide, and managing EUR 580 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets.
Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.
Data as at 30 September 2025. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-à-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers serving private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 761 billion euros* on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 trillion euros* of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the Group.
* As of September 30, 2025.
Press contact
Pia Groeger
Allianz Global Investors / Allianz Capital Partners
Allianz Global Investors / Allianz Capital Partners
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