Allianz Private Equity Partners (APEP) has announced the final closing of their first fund of funds for institutional investors with a volume of 823 million euros. Thus the fund of funds is currently the most successful offer of any German private equity fund-of-funds initiator. Allianz Group companies have invested a total of about 200 million euros in the fund. Over a period of 3-4 years, the fund of funds will invest globally in selected primary and secondary buyout as well as venture funds. “We are very pleased to receive this sign of confidence from investors,” said Christian Mayert, Managing Director responsible for the Clients & Products Department of APEP. “The Allianz Group will continue to invest increasingly in private equity. Therefore we will be able to further on offer attractive investment opportunities in fund of funds managed by APEP to clients and investors.”Allianz Private Equity Partners is responsible within the Allianz Group for private equity fund investments and currently has about 5 billion euros under management.

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