Allianz eyes up major acquisition – report

The potential acquisition aligns with Allianz’s strategic focus on expanding its private credit capabilities. Allianz Global Investors, the asset management arm of Allianz, has been actively enhancing its private credit offerings. In October 2023, AllianzGI launched the Allianz Core Private Markets Fund, a semi-liquid strategy providing professional investors access to a diversified portfolio across private equity, corporate private debt, and infrastructure, with a target fund size of €3 billion. Additionally, AllianzGI’s Impact Private Credit strategy reached €560 million in commitments at its first closing, focusing on investments that address environmental and social challenges