AllianzGI's private debt push continues apace

Addition of new investment teams comes a week after deal to acquire US credit manager Sound Harbor Partners

AllianzGI's private debt push continues apace
Photo: iStockPhoto

Allianz Global Investors has expanded its global private debt business with the addition of two investment teams – a week after it agreed a deal for US credit manager Sound Harbor Partners.

Two teams from Allianz Investment Management - a Munich-based corporate loans team and a Westport-based US private placement team - will move across to AllianzGI from the start of 2017, the firm said in a statement on December 8.

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