As built on Capital Four’s reporting by Bloomberg, Allianz is reportedly mulling acquiring Capital Four, a European credit manager based in Copenhagen. The sources noted that the discussions are at a preliminary phase and may experience some hiccups or may not reach fruition. The spokespeople from Allianz and Capital Four did not provide insight on the issue.

Capital Four was founded in 2011 has and has since grown to manage over €23 billion in private and corporate credit. In addition to managing investments in corporate bonds and equity mutually funded by institutions, the firm also boasts a portfolio that includes roughly €8 billion in private credit which comprises of senior loans, high yield bonds as well as structured credit.

This potential acquisition could signal a change for private credit and investment by Allianz as they timidly begin to mark focus on private credit. The investment branch of Allianz, Allianz Global Investments, has been actively augmenting its offer in private credit. Most recently in October 2023, AllianzGI, with the aim of setting up a fund of €3 billion, opened the Allianz Core Private Markets Fund, which is a semi-liquid fund that seeks to enable professional investors to access diversified equity, corporate private debt, and infrastructure portfolios.