Allianz Group announces restructure of investment divisions

The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI). ACP manage the investments of Allianz Group companies and clients, focussing on private equity, renewables and infrastructure. AllianzGI manage investments for a huge range of clients worldwide, including pension funds, multinationals, charitable foundations, families and individuals.

ACP currently manages EUR22 billion (US$26 billion) in alternative equity assets on behalf of Allianz. With this move, AllianzGI’s Assets under Management in Alternatives will total over EUR58 billion (US$68.5 billion).

From 2018, ACP and AllianzGI will jointly develop an investment offering for external clients. This will extend the range of investment expertise available to AllianzGI’s broad global client base and further strengthen its offering in alternatives assets. 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.

Andreas Utermann stated: 

“We are delighted to be extending our client offering in private equity strategies by joining forces with ACP ... 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.