Portfolio Manager - Infrastructure Debt

As AllianzGI continues to develop and grow its Infrastructure Debt investment management business, there is an opportunity to join the Infrastructure Debt team in London. The new joiner will focus on the origination, analysis, negotiation, and execution of debt investments in continental Europe under the high yield strategy (investments rated single and double B in Core++/Value-add sectors, with construction risk or subordination). Further, the successful candidate will participate in the fundraising efforts notably in relation to the high yield strategy. The new joiner will work closely with the team in Munich, Paris, and New York, in a collaborative and exciting high-performance environment.

With more than €30 billion invested in more than 190 transactions, AllianzGI is the largest Infrastructure Debt asset manager in Europe. Investments are made in core assets (social infrastructure, transportation assets, regulated utilities, and renewable energy), corporate infrastructure (in sectors such as telecom, data centers, district heating, smart meters, transportation, energy transition) and high yield infrastructure. The team is investing in greenfield and brownfield assets and is also involved in the refinancing of operational assets and corporates. The successful candidate will be an experienced and motivated individual who will exhibit the highest levels of competency, integrity, and teamwork in undertaking this role. The role is based in our London office.

What You Do

• Identify and screen new investment opportunities
• Assess those opportunities and conduct the financial, legal, tax, insurance, commercial, technical, and environmental due diligence
• Undertake the risk and ESG assessment and conduct the internal rating of the transactions
• Conduct the financial modelling of the investment opportunities
• Structure the investments and negotiate the term sheets and the finance documentation with the issuers and the sponsors
• Write, with the assistance of junior members of the team, the credit memoranda and present the investment opportunities to the Infrastructure Debt Investment Committee
• Present the opportunities to current and potential investors and draft the support materials
• With the assistance of junior members of the team, conduct KYCs and CP checks and prepare the closing documents, including trade tickets and Solvency 2 valuation
• Ensure a smooth transition of closed transactions to the asset management team
• Assess jointly with the asset management team complex waiver and amendment requests

Fund Raising And Client Management

• Assist in the preparation of marketing materials and attend prospective investor meetings
• Participate in the annual or semi-annual portfolio review meetings with existing investors

Credit and infrastructure market knowledge

• Keep informed of key developments in the infrastructure and credit markets with a particular focus on high yield infrastructure and ensure the dissemination of information to the wider team
• Update weekly the transaction pipeline
• Attend seminars and other trainings to supplement knowledge as required
• Attend and/or present at infrastructure conferences.

Other key relationships

• Close working relationship with team members in Munich, Paris, and New York
• Liaise with a variety of administrative, mid-, and back-office personnel involved with the implementation of the investments
• Regular meetings with investors, project sponsors, infrastructure equity funds, construction companies, and financial and legal advisers.

What You Bring

• 10-13 years of work experience in infrastructure, project, and/or structured finance, with significant experience in high yield infrastructure
• Fluency in English
• Fluency in additional European language(s) to English, particularly Dutch, Spanish or Italian would be a strong plus
• Demonstrable infrastructure finance experience in the European market including experience originating, assessing, and negotiating infrastructure debt transactions and conducting due diligence
• Expertise in creating and reviewing Excel financial models for both corporate and project finance transactions
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices
• Good working knowledge of global debt markets
• Excellent verbal and written communication skills.
• Strong experience in writing in a very articulated manner detailed credit memoranda
• Good interpersonal skills and team player.

What We Offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Securing your future: Access to company pension/savings plans
• Shared success: Company share purchasing plan
• Support for what matters: Mental health and wellbeing programs
• Investments in your career: Career opportunities within the entire Allianz Group
• Investments in your skills: Comprehensive learning and development offerings, including certifications and professional qualifications … and so much more!

About Allianz Global Investors

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 their location and whatever their objectives. Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion, and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, 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. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position. If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com