Allianz Capital Partners (ACP) is one of Allianz Group’s asset managers for alternative equity investments and forms part of Allianz Global Investors. Operating from offices including Munich, London, Luxembourg, New York and Singapore, ACP focuses on private equity, infrastructure and renewable energy, investing primarily on behalf of Allianz insurance companies and other institutional clients. Across these strategies it manages sizeable pools of capital, including dedicated private equity, infrastructure and renewables portfolios.
ACP has been investing in private equity fund relationships since 1996 and has built a globally diversified portfolio with active relationships with more than 90 managers. It backs buyout and growth equity funds in primary and secondary markets and undertakes co‑investments as a junior partner alongside its managers, typically committing EUR 40–200 million per transaction across the Americas, Europe, Asia and Africa. In infrastructure, where it has maintained a dedicated team since 2007, ACP holds over 20 direct equity investments in assets providing essential services, favouring brownfield projects with regulated or contracted revenues and selectively backing greenfield opportunities in energy transition and digitalization. As a long‑term buy‑and‑hold investor, it generally seeks significant minority or joint-control stakes in partnership with other financial and industrial investors, and exercises active governance through board-level oversight.
In renewables, ACP has invested since 2005 and is a large financial investor in wind and solar projects, following a long-term strategy aimed at stable, low-volatility cash yields over asset lives of 25–30 years or more. Its portfolio includes more than 150 onshore and offshore wind farms and solar parks across numerous European markets and the US, corresponding to around 3.5 GW of power generation capacity in Europe. Across private markets ACP integrates environmental, social and governance considerations into investment selection and asset management, is covered by Allianz Global Investors’ exclusion policies, and aligns its infrastructure and renewables investments with long-term net‑zero and energy-transition objectives.
