PenSam and AllianzGI enter strategic investment partnership in infrastructure
Through this partnership, the Danish pension fund PenSam significantly expands its portfolio of funds and co-investments in infrastructure with a strong sustainability profile. Asset Manager Allianz Global Investors (AllianzGI) has been selected as a partner based on their proven ability to deliver long-term, competitive returns and their strong ESG profile, which aligns well with PenSam’s values and investment strategy.
The partnership creates new opportunities in a global investment universe, with a special focus on co-investments in European infrastructure projects, supporting PenSam’s strategy of geographic diversification. PenSam already has positive experience working with specialized asset managers in private equity. The new infrastructure mandate with AllianzGI follows the same model, where PenSam invests side by side with Allianz in the same projects – an approach that ensures cost-effective access to attractive investments and effective risk management.
Jeppe Starup, Head of Private Capital and Real Assets at PenSam, states:
"We have high expectations for a partnership with AllianzGI, a globally recognized asset manager with strong expertise in infrastructure and ESG. The collaboration will support PenSam’s ambition to deliver solid, long-term returns for our members.”
Maria Aguilar-Wittmann, Co-Head of Infrastructure Fund, Co-Investments & Secondaries at AllianzGI says:
"We are delighted about this partnership with PenSam, a leading Danish institution and like-minded investor, which reflects the strength of our investment capabilities and our deep understanding of long-term institutional needs and ESG criteria.”
Contact:
Pia Gröger
Tel: +49 89 1220 8267
Email: pia.groeger@allianzgi.com
Marion Leblanc-Wohrer
Tel: +33 6 85 15 74 54
Email: marion.leblancwohrer@allianzgi.com
Camilla Woergaard
Tel: +45 27 79 28 76
Email: cawo@pensam.dk
About PenSam
PenSam provides occupational pensions to over 500,000 Danes within FOA’s professional groups. This includes employees who perform core tasks in the Danish welfare society, primarily in municipalities, but also in regions and private companies.
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in over 20 offices worldwide, and managing EUR 562 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 June 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.