Associate Portfolio Manager - Private Credit Secondaries; Global Private Credit

Overview

We are hiring an Associate Portfolio Manager (Global Private Credit) for Private Credit secondaries. This position is based in our London or Frankfurt office.

With a footprint across Europe, US, and Asia, the Global Private Credit team invests in private credit primaries, secondaries, and co-investments on behalf of Allianz and third-party clients. The team currently comprises an international and diverse group of 15 investment professionals. As part of the growing importance of credit secondaries for the platform, the team is now seeking to hire a new investment professional to support the growth of the segment.

• The new team member will predominantly focus on private credit secondaries, in addition to working with the team across the full range of its investment activities as necessary.
• Active deal sourcing through the origination network of advisers and GPs of private credit secondaries opportunities.
• Evaluate potential investment opportunities performing top-down and bottom-up portfolio analysis, including detailed portfolio company research.
• Run due diligence processes, prepare materials, and present investment opportunities in investment committee meetings.
• Structure and execute transactions in close collaboration with internal and external counsel.
• Play an active role in life cycle management of investments.
• Build and maintain relationships with fund managers, institutional investors, and other stakeholders.

• You enjoy supporting a growing business and applying your skills to add value across tasks including business/product development, fundraising, asset management, and internal initiatives.
• Excellent academic track record; CFA certification is preferred.
• 4 to 8 years of working experience in leveraged finance or direct lending.
• Experience in private credit secondaries or related transactions is an advantage.
• Understanding of key ESG concepts and a general appreciation of sustainable investing.
• Ability to handle multiple responsibilities with a high level of attention to detail.
• Ambitious, self-motivated with strong analytical and quantitative skills.
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.
• Proficient in English in writing and speaking.
• Collaborative mindset and ability to work effectively in a team environment.

• Flexible work arrangements that balance performance, productivity, career development, and personal priorities (e.g., hybrid model, flexible working hours).
• Access to company pension/savings plans.
• Company share purchasing plan.
• Mental health and wellbeing programs.
• Career opportunities within the Allianz Group.
• Self-guided learning and development.
• And more.

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our goal is to actively shape the future of investing for all our clients, wherever they are located and whatever their objectives. Allianz Group is one of the most trusted insurance and asset management companies in the world. We are dedicated to empowering our employees and fostering an inclusive workplace where people and performance matter and trust is built.

We welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, or any other characteristics protected under applicable local laws and regulations.

If you feel inspired to promote the active asset management experience, this is the place for you. Upload your CV in English to apply for this position. If you need support during your application, please contact

Allianz Global Investors is an equal opportunity employer. We do not accept unsolicited resumes from recruitment agencies unless a contract is in place.