Allianz Private Equity Partners, the private equity funds and co-investment division of German insurer Allianz AG, has hired Marc Thiery to the firm’s private equity operations in Munich.
Thiery, who joins Allianz Private Equity Partners GmbH as a managing director, will be responsible for the Group’s investment activities in Europe including primary investments in venture capital and buyout funds, as well as secondary and co-investment transactions.
Thiery joins Allianz PEP from Morgan Stanley Capital Partners, a $3.3bn buyout and development capital fund. Based in London, he had primary responsibility for the German private equity investment activities of MSCP from 1997-2002. He started his career at Apax, where he worked primarily on German transactions for the UK firm.
The appointment is the first to be announced following the decision by Allianz earlier this year to bring the firm’s diverse private equity operations under one roof following the acquisition of Dresdner Bank last year. Allianz confirmed at the time that Thomas Puetter, currently chief of Allianz Capital Partners, would head up the new Allianz Private Equity Holding business. The firm’s private equity investment team is headed by Wanching Ang, with Helmut Wimmer leading the primary fund investments team.
APEP is planning to invest up E1bn per annum on private equity and co-investment opportunities.