Allianz Private Equity hires for Asia

Munich- and New York-based Allianz Private Equity Partners has hired GIC Special Investment’s former London vice president to focus on its Asia investment activities.

Allianz Private Equity Partners, the private equity arm of the Allianz Group, has hired Andress Goh as investment director and head of Asia.

Goh joined APEP this week and will work alongside managing director Wanching Ang. At APEP, Goh will focus primarily on expanding the firm’s Asian investment activities.

Goh worked for eight years in the Singapore Foreign Service and spent two years at the Singapore Economic Development Board. Since 1999, Goh has worked in the London office of GIC Special Investments, most recently as vice president.

Ang said in an interview with PEO that Goh would “initially” join the APEP’s Munich office, but that the firm “may consider opening an Asia office at some point”.

Asia currently accounts for less than 10 percent of APEP’s portfolio, according to Ang, although the firm does not have a set allocation for the region and invests there on a relatively opportunistic basis.

Ang said that Goh’s appointment would provide APEP with an “ear on the ground” in Asia. “It’s important to know who’s doing what and who’s going where, even more so in Asia as it’s a less established and less transparent market where there are a lot of language barriers,” she said.

APEP has approximately €4 billion ($5.1 billion) of assets under management and, according to Ang, about 15 investment professionals operating out of offices in Munich and New York. The firm recently held a third close of its debut fund of funds, APEP Dachfonds & Co, at €750 million.