Private credit
Private credit offers institutional investors investment opportunities with compelling risk-adjusted returns and strong downside protection. We believe that diversification across asset managers, geographies, sectors, styles and vintage years is essential to utilize the full potential of this asset class.
At AllianzGI, we have been financing the debt of non-IG mid market private corporates since 2013. With the ambition to provide innovative and diversified investment solutions to clients, the platform has continued to expand its reach both in terms of geography and investment focus over recent years.
Global private debt
Our Global Private Debt programme offers investors a suite of strategies that provides access to broadly diversified global private debt portfolios with strong downside protection. The strategies invest in private debt funds and co-investments that finance mid-sized companies’ needs in various situations such as expansion, growth or restructuring. Throughout the strategies, diversification will be sought across sectors, geographies and underlying investments.
Allianz was one of the early investors in private debt with a cycle-tested record since 2007. The AllianzGI Global Private Debt team has deployed more than EUR 20bn in over 50 private debt funds on behalf of Allianz entities. The team invests broadly across the private debt universe in senior lending, subordinated and special situations strategies.
AllianzGI offers institutional investors commingled programmes and managed accounts customized to each client’s needs.
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The Global Diversified Private Debt strategy invests in private credit funds and co-investments that finance mid-sized companies’ needs such as buy-outs, expansion and growth, or restructurings. It focuses on investments in senior secured loans, complemented by subordinated debt as well as countercyclical special situations strategies.
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The Global Private Debt Opportunities strategy leverages the capabilities of the Allianz Global Diversified Private Debt programme and provides consistent access to predominantly middle-market corporate debt throughout the business cycle. It focuses on subordinated debt and countercyclical special situations strategies, complemented by senior secured loans.
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The Global Real Estate Debt Opportunities strategy invests in real estate debt funds and co-investments that finance real estate assets and development projects in different sectors, including logistics, residential and office. Geographically, the strategy is broadly diversified globally, but also within regional sub-markets.
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17/12/2020
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European private credit
The European Private Credit (EPC) strategy provides senior long-term financing to mid-market companies, either to support their growth or to refinance, with a focus on performing companies benefiting from a good track-record of profitability.
The strategy invests through a wide range of opportunities, either directly originated or intermediated. It aims at providing our investors diversification away from the public markets and a balanced risk/return profile through credit selection and the robust documentation of investments.
Asia private credit
AllianzGI launched the Asia Private Credit strategy in 2018, recognizing the opportunity for institutional investors to invest in the region, driven by a significant funding gap for mid-market corporates in Asia seeking bespoke credit solutions for the purposes of growth acquisitions or refinancing.
To best capture this opportunity, we seek to act as a “one-stop” shop for structured credit solutions and provide customized holistic non-dilutive credit alternatives to cash generative, high growth, performing mid-cap companies via senior secured, subordinated or mezzanine lending. Our strategy provides debt financing to middle market corporates in Asia Pacific (excluding China) in order to capture attractive yield pick-up compared to comparable public debt (e.g. high yield, broadly syndicated loans) with strong downside protection, providing diversification within the credit asset class.
What other strategies are available? |
For professional investors only, strictly private and confidential solely for the intended recipient
Private credit investments are highly illiquid and designed for professional investors pursuing a long-term investment strategy only.
This document is not a contractually binding document or an information document required by any legislative provision and is not sufficient to take an investment decision. This is a marketing communication. Please refer to the legal and regulatory documentation named funds (Funds) (before making any final investment decisions.
Target return assumptions may be based on the investment team’s experience with predecessor funds, market participants and other stakeholders of the industry. Actual returns from an investment in the portfolio over any given time horizon may vary significantly from the target return assumptions. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future.
To the extent we express any prognoses or expectations in this document or to make any forward-looking statements, these statements may involve risks. Investments in the Funds entail a high degree of risk and no assurance can be given that the investment objectives will be achieved or that investors will receive a return on their capital. Please refer to Funds’ legal documentation for a full description of General and Specific Risk Factors.
Actual results and developments may therefore differ materially from the expectations and assumptions made. On our part, there is no obligation to update target return assumptions and forward-looking statements presented herein.
Allianz Global Investors may terminate arrangements made for marketing, including by way of de-notification. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including positions with respect to short-term fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions. The volatility of fund unit/share prices may be increased or even strongly increased. Past performance does not predict future returns. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency. This is for information only and not to be construed as a solicitation or an invitation to make an offer, to conclude a contract, or to buy or sell any securities. The products or securities described herein may not be available for sale in all jurisdictions or to certain categories of investors. This is for distribution only as permitted by applicable law and in particular not available to residents and/or nationals of the USA. The investment opportunities described herein do not take into account the specific investment objectives, financial situation, knowledge, experience or specific needs of any particular person and are not guaranteed. The Management Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with applicable de-notification regulation. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable at the time of publication. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.
For investors in Europe (excluding Switzerland)
For a free copy of the sales prospectus, incorporation documents, daily fund prices, key investor information, latest annual and semi-annual financial reports, contact the issuer at the address indicated below or www.allianzgi-regulatory.eu. Austrian investors may also contact the Austrian information agent Allianz Investmentbank AG, Hietzinger Kai 101-105, A-1130 Vienna. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established branches in the United Kingdom, France, Italy, Spain, Luxembourg, Sweden, Belgium and the Netherlands. Contact details and information on the local regulation are available here (www.allianzgi.com/Info). The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
For investors in Switzerland
For a free copy of the sales prospectus, incorporation documents, daily fund prices, key investor information, latest annual and semi-annual financial reports, contact [the Swiss funds’ representative and paying agent BNP Paribas Securities Services, Paris, Zurich branch, Selnaustrasse 16, CH-8002 Zürich - for Swiss retail investors only] or the issuer either electronically or by mail at the given address. Please read these documents, which are solely binding, carefully before investing. This is a marketing communication issued by Allianz Global Investors (Schweiz) AG, a 100% subsidiary of Allianz Global Investors GmbH. The Summary of Investor Rights is available in English, French, German, Italian and Spanish at https://regulatory.allianzgi.com/en/investors-rights.
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