Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Private Equity Fund (APEF), which is managed by Allianz Capital Partners (ACP). The APEF allows institutional investors to invest together with Allianz in ACP’s global private equity program. The fund was launched in February 2021 and held its first close with commitments from European institutional investors exceeding EUR 500 million. The APEF will invest with leading global private equity fund managers and will pursue co-investments alongside such partners.

ACP, which is part of AllianzGI, has been investing on behalf of Allianz insurance companies in private equity for 25 years and is one of the largest private equity investors globally. The resulting portfolio, that is broadly diversified by strategy segments, industry sectors and vintages, spans across Europe, the Americas and Asia.

The APEF will pursue primary and secondary fund commitments and co-investments globally and will invest with leading fund managers with a robust and relevant track record. While remaining highly selective in a large and growing market, the focus is on maintaining an adequate level of diversification by regions, strategy segments, industry sectors, and vintage years with the goal to deliver attractive risk-adjusted returns. Allianz will provide at least 50% of the overall capital committed to each investment pursued by APEF which ensures a strong alignment between the APEF investors and Allianz.

Michael Lindauer, Co-Head of Private Equity at Allianz Capital Partners, comments: “We would like to thank our existing and new investors for their support and trust. Allianz has a long heritage of investing in private equity for 25 years and currently holds more than EUR 22 billion worth of private equity assets through a balanced global portfolio. We are delighted to provide professional investors the opportunity to invest alongside Allianz in the Group´s private equity program. APEF investors will have the chance to benefit from the attractions of this growing asset class and its active ownership model.”

In August this year, Allianz Global Investors had announced the first close of the Allianz Global Diversified Private Debt Fund that allows investors to participate in Allianz´s private debt program.

AllianzGI is offering a broad range of alternative investment solutions and manages EUR 88 billion of alternative assets.

Allianz Capital Partners is one of Allianz Group's asset managers for alternative equity investments and is part of Allianz Global Investors. With offices in Munich, London, Luxembourg, New York and Singapore, Allianz Capital Partners manages more than EUR 44 billion of alternative assets on behalf of Allianz Group and institutional investors.* Our investment focus is on private equity, infrastructure and renewable energy. Our investment strategy is targeted to generate attractive, long-term and stable returns for our clients. (allianzcapitalpartners.com)