AllianzGI expands European private credit offering

14/01/2019

Summary

The addition of further mid-market debt expertise in Munich marks the latest significant milestone in the development of AllianzGI’s global private debt platform. In November, AllianzGI announced it is launching an Asian private credit capability based in Singapore.

  • Senior hire joins Munich-based team, further strengthening AllianzGI’s on the ground presence in European private debt markets

Allianz Global Investors, one of the world’s leading active investment managers, announced today that it is further expanding its European private debt offering by significantly adding to its mid-market investment capability in Germany. AllianzGI’s European Private Credit team now has sizeable bases in the two largest private debt markets in continental Europe: France and Germany.

The addition of further mid-market debt expertise in Munich marks the latest significant milestone in the development of AllianzGI’s global private debt platform. In November, AllianzGI announced it is launching an Asian private credit capability based in Singapore.

Adrian Grammerstorf joins AllianzGI’s growing team in Munich from UniCredit, bringing fifteen years’ of mid-market debt experience. Adrian will be responsible for developing AllianzGI’s mid-market debt investment activity across Germany, Austria and Switzerland. Adrian will report to Damien Guichard, Head of European Private Credit at AllianzGI, working with AllianzGI’s Alexander Ball and expected new hires.

Commenting on the milestone, Deborah Zurkow, Global Head of Alternatives at Allianz Global Investors, said:

“We understand how important it is to have local sourcing and structuring capabilities in the mid-market private debt space. Adding a senior hire to our team in Germany provides further, significant on the ground expertise to our clients in one of the largest and fastest growing private debt markets in Europe.”

Alternatives is one of the four pillars of AllianzGI’s global investment platform, alongside Equities, Fixed Income and Multi-Asset. With assets under management having grown strongly since the launch of the Alternatives pillar in 2014, today Allianz Global Investors manages over EUR 67 billion of Alternative assets on behalf of institutional and retail investors around the globe., including EUR 850 million in European mid-market debt.

AllianzGI’s expanded European Private Credit team will continue to collaborate with and seek to benefit from the expertise of other strategies and teams within AllianzGI’s global Alternatives pillar, including European Corporate Loans, Infrastructure Debt team as well the US and Asian Private Credit teams.

The new team will be targeting a senior, mid-market debt strategy, with the overall objective of providing excess returns throughout the credit cycle and enabling clients to further diversify their portfolio.

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For further information please contact:
Alastair Fairbrother +44 203 246 7432
Sarah Einig +44 203 246 7846
Vivi McDuell +44 203 246 7251
ukmedia@allianzgi.com


About Allianz Global Investors:
Allianz Global Investors is a leading active asset manager with over 730 investment professionals* in 25 offices worldwide and managing around EUR 530 billion in assets for individuals, families and institutions.

Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

 

Data as at 30 September 2018

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The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.

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Dividends look set to provide a welcome cushion for investors in an uncertain 2019

30/01/2019

Summary

Amidst an uncertain political backdrop, dividends look set to remain an important anchor for investors in 2019, according to new analysis by Allianz Global Investors, one of the world’s leading active investment managers. Over the last 45 years, dividends have contributed to around 41% of total returns on European equities since 1973.¹



  • Allianz Global Investors Dividend Report 2019 predicts pay-outs of approximately 350 billion euros from MSCI Europe companies in 2019
  • Dividends have contributed to around 41% of total returns on European equities since 1973
  • European companies are particularly “pay-out friendly” in comparison to other markets, with yields averaging around 3.8%