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Institutional LPPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 12 SOURCES

Allianz SE

Also known as Allianz, Allianz Group, Allianz Capital Partners

Munich insurance group investing about €764bn for its insurance customers; commits to PE funds (90+ managers) and makes direct infrastructure and renewables investments via Allianz Capital Partners.

Munich-based group parent; the French subsidiary has its own profile (Allianz France). Allianz Capital Partners and Allianz Global Investors are group asset managers, not separate investors in this directory.

HEADQUARTERS
Munich, Germany
FOUNDED
—
AUM
€764B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
7 people

Focus

STAGES
GrowthBuyout
SECTORS
Climate & EnergyIndustrial & ManufacturingMobility & Logistics
ASSET MIX
Funds (as LP)Private equityDirect investments
GEOGRAPHY
Global

Investment arms & vehicles

  • Allianz Capital Partners
    One of the Allianz Group's asset managers for alternative equity (private equity fund investments since 1996, infrastructure, renewables); part of Allianz Global Investors
  • Allianz Global Investors
    Group active asset manager (EUR 591bn AuM at 31 Dec 2025) that executes private-markets investments on behalf of Allianz insurance companies
  • Allianz X
    Allianz investment unit for financial-services companies (insurtech/fintech); out of scope as a separate record (allianz-x.out-of-scope.ts)
  • Allianz France
    French insurance subsidiary

Overview

Allianz SE is the Munich-based parent of the Allianz Group, one of the world's leading insurers and asset managers, which manages about €764bn on behalf of its insurance customers (31 December 2025). Its alternative equity investments run through Allianz Capital Partners, part of Allianz Global Investors, which has invested in private equity funds since 1996, holds active relationships with over 90 fund managers, co-invests alongside them, and has built more than 20 direct infrastructure equity investments since 2007. Allianz is among the investors in KfW Capital's Wachstumsfonds Deutschland venture fund of funds. In 2026 AllianzGI made German energy investments on behalf of Allianz insurance companies, including a stake in Amprion and a 51% stake in battery-storage platform GESI.

Investment thesis

Private equity fund investments worldwide (buy-out to growth, primaries, secondaries and co-investments as junior partner; €40m–€200m per transaction; selective venture in Asia); long-term buy-and-hold infrastructure equity with stable, preferably inflation-linked cash flows; renewables.

PORTFOLIO (16)

  • Green Energy Storage Initiative (GESI)
    Climate & Energy · since 2026
  • Amprion (indirect stake)
    Climate & Energy · since 2026
  • TotalEnergies battery storage projects in Germany (50% of 11 projects)
    Climate & Energy · since 2026
  • Ledgebrook
    Fintech · since 2026
  • Openly
    Fintech
  • Cambridge Telematics
    Mobility & Logistics · since 2026
  • Ualá
    Fintech
  • Coterie Insurance
    Fintech · since 2025
  • Wachstumsfonds Deutschland (fund commitment)
  • Net4Gas
  • Gassled
  • Chicago Parking Meters
  • Porterbrook
  • Tank & Rast
  • Thames Tideway Tunnel
  • Gas Connect Austria

People

  • Ludovic Subran
    Chief Investment Officer, Allianz Group · source
  • Édouard Jozan
    Head of Private Markets, Allianz Global Investors · source
  • Dirk Raab
    Head of Portfolio Management Private Markets, Allianz Capital Partners · source
  • Andreas Schlafer
    COO Private Markets, Allianz Global Investors; member of the ACP Board of Management · source
  • Dr. Thomas Schindler
    CFO, Allianz Global Investors; ACP leadership team · source
  • Dr. Florian Bentele
    General Counsel Private Markets, Allianz Global Investors; member of the ACP Board of Management · source
  • Beate Buening
    Head of HR, Allianz Capital Partners; member of the ACP Board of Management · source

Links

Frequently asked questions

Allianz SE is a institutional investor based in Munich, Germany.

Yes. Allianz SE invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Allianz SE invests at Growth and Buyout stages in Climate & Energy, Industrial & Manufacturing and Mobility & Logistics.

Allianz SE's stated ticket size is €40M–€200M.

Key people at Allianz SE include Ludovic Subran (Chief Investment Officer, Allianz Group), Édouard Jozan (Head of Private Markets, Allianz Global Investors), Dirk Raab (Head of Portfolio Management Private Markets, Allianz Capital Partners) and Andreas Schlafer (COO Private Markets, Allianz Global Investors; member of the ACP Board of Management).

Allianz SE's investments include Green Energy Storage Initiative (GESI), Amprion (indirect stake), TotalEnergies battery storage projects in Germany (50% of 11 projects), Ledgebrook, Openly, Cambridge Telematics, Ualá and Coterie Insurance, among others.

The most recent publicly reported investment by Allianz SE is Ledgebrook (Primary equity (co-lead, Allianz X)), announced in Oct 2026.

No. Allianz SE invests its own capital and does not raise money from outside investors.