Allianz Private Equity Fund holds first close at approx. EUR 520 million

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.

About Allianz Capital Partners

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)

Allianz Global Investors is a leading active asset manager with over 690 investment professionals in 24 offices worldwide and managing EUR 633 billion in assets. 

Data as of June 30, 2021

The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* 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 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 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 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.

Press contacts

Stefan Lutz
Allianz Global Investors
Pia Groeger
Allianz Global Investors

Klaus Papenbrock
Allianz Global Investors
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