Our Firm
AllianzGI US, a Delaware limited liability company, is a
registered investment adviser with its office in New
York, New York. AllianzGI US is a direct, wholly owned
subsidiary of Allianz Global Investors U.S. Holdings LLC,
which in turn is owned indirectly by Allianz SE, a
diversified global financial institution. AllianzGI US
(formerly known as Allianz Global Investors Capital
LLC) began furnishing discretionary and non-
discretionary investment management services on
May 1, 2010 following the combination of two
registered investment advisory affiliates, Nicholas-
Applegate Capital Management LLC and Oppenheimer
Capital LLC. AllianzGI US’s oldest predecessor entity
began operating in 1969.
On July 25, 2022, AllianzGI US completed the transfer
of certain US investment teams and the assets it
manages to Voya Investment Management (“Voya
IM”) as part of a strategic partnership, which includes
a global distribution agreement between the two firms
as well as Allianz S.E. taking up to a 24% stake in Voya
IM. The value of assets transferred to Voya IM is US
$101 billion (as of July 21, 2022). US vehicles and
clients of the transferred investment teams will now
be managed and advised by those teams at Voya IM.
Our Services
AllianzGI US currently provides discretionary
investment management services to one private
investment fund (the “Infrastructure Debt Fund,” as
defined below), which invests in an infrastructure debt
strategy. AllianzGI US also provides trading service for
certain affiliated investment advisers.
From time to time, AllianzGI US may engage in other
business activities, including licensing of intellectual
property.
Tailoring Services to Client Needs
AllianzGI US employs a broad range of portfolio
management tools in seeking to manage risk, hedge
exposures and obtain returns consistent with its
clients' guidelines and restrictions. AllianzGI US will
seek to accommodate any client restrictions it
considers reasonable, such as 1) a restriction on the
purchase of a particular security or types of securities,
or 2) a restriction on the purchase of a group of
securities that are classified by the client to be in a
particular industry (for example, tobacco), as long as
AllianzGI US has agreed with the client on the industry
classification. Other proposed restrictions are
analyzed on a case-by-case basis.
AllianzGI US generally has the responsibility to monitor
investment restrictions in clients’ guidelines. Clients
should be aware that their restrictions can limit
AllianzGI US’s ability to act and as a result, their
performance may differ from and may be less
successful than that of other accounts that are not
subject to similar restrictions. In general, AllianzGI US
will not be bound by any amendment to a client’s
investment restrictions unless and until
the client and
AllianzGI US have agreed in writing to such
amendment.
AllianzGI US may take up to ten business days (or
longer depending on the complexity of the product
mandate) from the time an account is approved to
fully invest an account funded in cash. Similarly,
AllianzGI US may take up to ten business days (or
longer depending on the complexity of the product
mandate) from the time AllianzGI US has received
instructions to terminate an account to fully liquidate
the account. If a client intends to fund its account by
transferring in-kind securities, AllianzGI US will need to
receive from the client, prior to the effective date of its
management duties, a list of such securities to allow
AllianzGI US to determine which securities to retain
and which to replace. The client will be responsible for
all related trading costs and tax liabilities that result
from sales of contributed securities. To assist existing
or new clients who seek to liquidate portfolios not
under AllianzGI US’s management, AllianzGI US may
liquidate the portfolio for such clients as an
accommodation or for a negotiated fee.
Private Funds
AllianzGI US currently provides advisory services to
one private investment fund, the USD Infrastructure
Debt LP( the “Infrastructure Debt Fund”) that is
exempt from registration under the Securities Act of
1933, as amended (the “Securities Act”) and the
Investment Company Act of 1940, as amended (the
“Investment Company Act”). AllianzGI US or its
affiliates may act as managing member or general
partner of certain private funds, including but not
limited to the Infrastructure Debt Fund. Private funds
may be established by AllianzGI US, its affiliates, or
third parties. AllianzGI US has an ownership or
management interest in the Infrastructure Debt Fund.
A minimum investment size may be applicable for
participation in the Private Fund. Additional
information concerning the Infrastructure Debt Fund,
including advisory fees, is included in the fund’s’
offering documents.
AllianzGI US cannot guarantee or assure you that your
investment objectives will be achieved. AllianzGI US
does not guarantee the future performance of any
client's account or any specific level of performance,
the success of any investment decision or strategy, or
the success of AllianzGI US’s overall management of
any account. The investment recommendations
AllianzGI US provides are subject to various market,
currency, economic, political and business risks, and
the risk that investment decisions will not always be
profitable. Many of these risks are discussed in Item 8
below, which you should review carefully before
deciding to engage AllianzGI US’s services.
Assets Under Management
As of December 31, 2022, AllianzGI US managed $201
million (USD) in client assets on a discretionary basis.